New Delhi, July 24 (IANS) India and Israel concluded the second round of four-day negotiations for the proposed Free Trade Agreement (FTA) here, as both sides held detailed discussions across all areas of the proposed agreement and continued to make progress towards a balanced, comprehensive and mutually beneficial FTA, according to a statement issued by the Commerce Ministry on Friday.During this round, technical experts from both sides held dedicated sessions covering trade in goods, trade in …
Latest bilateral trade News & Updates
Washington, July 22 (IANS) The Trump administration will raise with New Delhi concerns over India’s proposed restrictions on imports of American soda ash, US Trade Representative Jamieson Greer told lawmakers on Wednesday, indicating the issue will form part of broader trade engagement between the two countries. “I have a good relationship with my counterpart in India, and we work closely with their trade ministry,” Greer told the Senate Finance Committee during a hearing on President Donald Tru…
New Delhi, July 22 (IANS) India and the Philippines are working toward a Preferential Trade Agreement (PTA) with the objective of expanding the range of goods traded between the two countries while investment cooperation is also growing steadily, the Philippines Ambassador to India, Josel F. Ignacio, said on Wednesday. The bilateral trade continues to grow and after crossing the US$3 billion mark in 2023, it is now approaching US$4 billion, he told IANS in an exclusive interview.“Several India…
Mumbai, July 22 (IANS) The proposed India–New Zealand Free Trade Agreement (FTA) is expected to come into force soon and, together with the newly elevated Strategic Partnership between the two countries, is expected to help double bilateral trade by 2030, New Zealand’s Trade Commissioner and Consul-General to India and South Asia, Graham Rouse, said on Wednesday.In an exclusive interview with IANS, Rouse said the recent elevation of India–New Zealand ties to a Strategic Partnership marks a h…
New Delhi, July 20 (IANS) External Affairs Minister (EAM) S. Jaishankar on Monday stated that he had a good conversation with his Uzbek counterpart, Bakhtiyor Saidov, and discussed deepening India-Uzbekistan bilateral ties. “A good conversation with Bakhtiyor Saidov of Uzbekistan today. We spoke about deepening our bilateral ties, including in trade, investment and other areas,” EAM Jaishankar wrote on X.Minister of Foreign Affairs Bakhtiyor Saidov noted that he had a substantive phone conve…
Auckland, July 11 (IANS) Prime Minister Narendra Modi on Saturday invited New Zealand investors and business houses to partner India in infrastructure development, civil aviation, logistics, clean energy, urban mobility, water management, waste management and digital economy sectors.Hailing India’s vibrant startup ecosystem, PM Modi called for closer engagement between the private sectors of both countries in the fields of innovation, fintech and emerging technologies. Addressing a select grou…
Auckland, July 10 (IANS) As the US-Iran tensions threaten the global supply chain once again, New Zealand’s Minister for Trade and Investment, Todd McClay, said on Friday that New Delhi and Wellington are going to build new connectivity links, along with shipping routes being firmed up between the two nations.In an interaction with IANS, McClay said, as we see a flare-up in the Middle East again, “we would like peace to be there and issues to be worked out around the negotiating table”.He furthe…
New Delhi, July 8 (IANS) India and Costa Rica have agreed to strengthen business-to-business engagement, promote institutional cooperation, and encourage regular interactions between the concerned ministries, regulatory authorities and industry.Reaffirming their commitment to deepening bilateral economic ties, they agreed to utilise the India-Costa Rica Joint Economic and Trade Committee (JETCO) as a key platform for advancing trade, investment and sectoral cooperation.According to an official s…
New Delhi, July 5 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA), set to come into force on July 15, provides duty-free access for 99 per cent of India’s exports to the UK.According to the latest notification from Finance Ministry that set out the rules, a product will qualify as originating in India or the UK if it is wholly obtained in either country, produced entirely from originating materials, or manufactured using non-originating inputs while meeting the product-spec…
New Delhi, July 3 (IANS) Commerce Minister Piyush Goyal announced on Friday that, for the first time ever, 40 metric tonnes (MT) of biscuits manufactured in Varanasi have been exported to Oman under the India-Oman CEPA (Comprehensive Economic Partnership Agreement). An MoU has also been signed for the supply of nearly 700 MT of biscuits to Oman and other Gulf Cooperation Council (GCC) countries during the financial year 2026–27, the minister further stated in a post on X.Preferential tariff be…