Latest bilateral trade News & Updates

Washington, March 4 (IANS) Canadian Prime Minister Mark Carney said that Canada and India are building a new strategic partnership across key sectors, including energy, innovation, and artificial intelligence, highlighting growing economic cooperation between the two countries.Speaking to reporters during a press interaction in Sydney, Carney said deeper engagement with India reflects the changing global landscape and the ambitions of both nations to expand economic and technological ties.“Can…

Mumbai, Feb 27 (IANS) Canadian Prime Minister Mark Carney, accompanied by his wife, Diana Fox Carney, arrived in Mumbai on Friday kicking off his first official visit to India. Maharashtra’s Minister of Protocol and Marketing Jaykumar Rawal received them at the airport. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal noted that Carney’s visit marks a significant step in further strengthening India-Canada ties.”A warm welcome to Prime Minister Mark Carney of Canada as he arrives i…

New Delhi, Feb 27 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that India would go in for a rebalancing of the proposed trade agreement with the United States, if required, to protect its interests, in view of the changed situation following the US Supreme Court annulling the tariff hikes announced earlier by the Donald Trump administration.”Given the evolving situation on US tariffs, we will wait and watch and ensure India’s best interests are protected,” Goyal said at a …

Tel Aviv, Feb 26 (IANS) Prime Minister Narendra Modi and Israel’s Prime Minister Benjamin Netanyahu on Thursday emphasised the importance of unlocking the full potential of bilateral trade and investment between India and Israel, according to the joint statement issued after the successful conclusion of the summit. The Prime Ministers affirmed their commitment to integrating India’s and Israel’s advancements in AI, cybersecurity, semiconductors, quantum computing, biotechnology, agriculture an…

New Delhi, Feb 26 (IANS) The first round of negotiations for the India–Israel Free Trade Agreement (FTA), held from 23 to 26 February in the national capital, concluded successfully on Thursday. During the four-day negotiations, both countries engaged in discussions covering a wide range of areas, including trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, customs procedures, intellectual property rights, digital trade, and other ke…

New Delhi, Feb 25 (IANS) Prime Minister Narendra Modi will travel to Israel on Wednesday, where he is scheduled to meet with Israeli Prime Minister Benjamin Netanyahu to strengthen bilateral cooperation in defence and security, trade and economic relations, and innovation.Earlier on Tuesday, the Ministry of External Affairs (MEA) announced the visit on Tuesday.Stating that this will be the “second visit” of PM Modi to Israel, the MEA said, “During the visit, the PM will meet the Prime Mini…

Ottawa, Feb 23 (IANS) Expanding Canada-India relationship will be in focus as Canadian Prime Minister Mark Carney visits India later this week during which he will first travel to Mumbai and then visit New Delhi, where he is scheduled to hold talks with Prime Minister Narendra Modi. “The leaders will focus on elevating and expanding the Canada-India relationship, with ambitious new partnerships in trade, energy, technology and artificial intelligence (AI), talent and culture, and defence. He wil…

New Delhi, Feb 18 (IANS) Prime Minister Narendra Modi on Wednesday shared an article authored by President Aleksandar Vucic of the Republic of Serbia, in which the Serbian leader reflects on artificial intelligence, India’s growing role in the global AI ecosystem, and his personal admiration for the country. Taking to the social media platform X, the Prime Minister described the piece as both insightful and warm in its tone towards India.“A fine article by President Aleksandar Vučić of the…

Kuala Lumpur, Feb 6 (IANS) Ahead of Prime Minister Narendra Modi’s two-day visit to Malaysia, ASEAN India Economic Council Chairman and veteran Malaysian entrepreneur Dato Ramesh Kodammal said it comes at a crucial moment for deepening bilateral ties. Highlighting Malaysia’s strategic role within ASEAN and the growing Indian diaspora, Kodammal described the visit as a long-overdue opportunity to elevate bilateral relations, expand trade cooperation, and strengthen engagement in emerging sect…

New Delhi, Feb 2 (IANS) Trade in goods and services between Finland and India currently stands at around 3 billion euros and could double by 2032, driven by the benefits of the recently concluded EU-India Free Trade Agreement (FTA), Finland’s Ambassador to India, Kimmo Lahdevirta, said on Monday.Speaking to IANS, Ambassador Lahdevirta described the EU-India FTA as a historic milestone, calling it the largest trade deal ever concluded by either the European Union or India.“Trade in goods and …