Latest bilateral trade News & Updates

Washington, May 25 (IANS) India and Canada are aiming to nearly double bilateral trade to $50 billion within the next five years as both countries push to reset economic ties and fast-track negotiations on a comprehensive trade pact, India’s High Commissioner to Canada, Dinesh K Patnaik, said in an exclusive interview to IANS.The comments come ahead of Union Commerce and Industry Minister Piyush Goyal’s visit to Canada from May 25–27, accompanied by one of the largest Indian business deleg…

New Delhi, May 24 (IANS) Indian Commerce and Industry Minister Piyush Goyal’s three-day visit to Canada, starting on Sunday, is expected to accelerate negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA) between the two countries and rebuild closer economic relations.Civil nuclear cooperation has also emerged as a key pillar of the bilateral energy partnership.The visit assumes significance at a time when India and Canada, under the Mark Carney government, are active…

New Delhi, May 23 (IANS) Commerce and Industry Minister Piyush Goyal will visit Canada from May ​25-27 with a delegation ‌of nearly 150 industry leaders to boost bilateral economic and ⁠trade ties, it was announced on Saturday.India and Canada aim to ⁠reach $50 billion in bilateral trade over the next ⁠five years.In a news briefing, Goyal said India expects to sign a free ​trade agreement (FTA) with ‌Canada, covering sectors such as energy and critical minerals. The discussion woul…

New Delhi, May 21 (IANS) Prime Minister Narendra Modi on Wednesday concluded his visit to Italy, marking the final leg of his five-nation diplomatic tour, which focused on strengthening India’s strategic partnerships, expanding economic cooperation, and enhancing engagement with key global players across Europe and other regions. The Ministry of External Affairs (MEA), in a statement issued after the Prime Minister departed from Italy, said the visit added “fresh momentum” to the India-Ita…

Oslo, May 19 (IANS) Prime Minister Narendra Modi held a meeting with his Finnish counterpart, Petteri Orpo, in Norway’s Oslo on Tuesday, discussing new engagement opportunities for bilateral relations.“Delighted to meet the Prime Minister of Finland, Mr Petteri Orpo. This year has witnessed extensive engagements as far as India and Finland are concerned. PM Orpo himself had come to India for the AI Impact Summit. Our meeting today is aimed at giving new energy to bilateral relations,” PM M…

Oslo/New Delhi, May 18 (IANS) Prime Minister Narendra Modi on Monday attended the India-Norway Business and Research Summit in Oslo, marking the growing momentum in bilateral economic cooperation following the coming into force of India-EFTA Trade and Economic Partnership Agreement.The summit was attended by CEOs of over 50 companies and more than 250 participants from the Norwegian and Indian business and research communities. A number of business agreements between Indian and Norwegian compani…

Oslo, May 18 (IANS) Ahead of Prime Minister Narendra Modi’s arrival in Norway, members of the Indian diaspora on Monday expressed pride and enthusiasm, stating that the visit would further strengthen ties between the two nations. Several members of the Indian community in Norway spoke to IANS, expressing happiness over the Prime Minister’s visit and highlighting its significance for both nations.One member of the Indian diaspora said, “It is very good that Prime Minister Narendra Modi is com…

Gothenburg (Sweden), May 18 (IANS) Prime Minister Narendra Modi on Sunday met the European Commission President Ursula von der Leyen and expressed complete agreement with her over the “strong potential of India-Europe ties, especially in the wake of the signing of India-EU Free Trade Agreement (FTA)”. Earlier in the day, Prime Minister Narendra Modi held a meeting with his Swedish counterpart Ulf Kristersson and European Commission President Ursula von der Leyen in Sweden.Addressing the European…

Amsterdam, May 15 (IANS) The Indian community in the Netherlands expressed its excitement about Prime Minister Narendra Modi’s visit to the country on Friday while hailing the country’s enormous rise in the last decade. PM Modi, on the second leg of his ongoing official visit, will be visiting the Netherlands from May 15-17. During the visit, he will be meeting the Netherlands King Willem-Alexander, Queen Maxima and Prime Minister Rob Jetten. Various agreements forming part of the strategic pa…

New Delhi, May 14 (IANS) The Federation of Indian Export Organisations (FIEO) on Thursday welcomed the upcoming visit of Prime Minister Narendra Modi to the United Arab Emirates (UAE), the Netherlands, Sweden, Norway and Italy from May 15–20, saying that the visit will significantly strengthen India’s strategic economic engagement with key global partners and provide fresh momentum to trade, investment and technology collaborations during such challenging times. Reacting to the announcement, F…