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…
Latest bilateral trade News & Updates
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…
Washington, June 30 (IANS) The proposed India-US trade agreement is in its “last one or two per cent” and negotiators are working to resolve the remaining issues, US Ambassador to India Sergio Gor said, expressing confidence that the deal would soon be concluded after nearly 18 months of negotiations.Speaking at the US-India Strategic Partnership Forum (USISPF) Leadership Summit, Gor said officials from both countries had intensified engagement in recent weeks to bring the agreement across the f…
New Delhi, June 28 (IANS) Union Commerce and Industry Minister Piyush Goyal is now leading a high-level Indian business delegation to Greece, with a focus on expanding bilateral trade and investment flows as well as strategic economic collaboration, according to an official statement issued on Sunday. The minister successfully concluded his 3-day visit to the United Kingdom on Saturday with the India–UK: Partners in Progress Business Plenary held in London. The engagement reaffirmed the strong…
New Delhi, June 10 (IANS) India and the United States can deepen strategic energy ties across the hydrocarbon value chain to expand bilateral trade to a shared goal of $500 billion by 2030, a report said on Wednesday.The report from US-India Business Council and Grant Thornton Bharat said hydrocarbons, including LNG, crude oil, LPG, ethane and propane, will play a major role in expanded trade while unlocking new avenues for investment, strengthening energy security and enhancing supply chain res…
New Delhi, June 8 (IANS) India could sign the first tranche of its long-awaited bilateral trade agreement with the United States as early as July, Commerce and Industry Minister Piyush Goyal said on Monday.Speaking to media on the sideline of an event, Goyal further indicated that negotiations between the two countries are nearing a crucial stage despite recent tariff-related concerns.The minister’s remarks have raised expectations of an early breakthrough in trade talks that have been underway …
Seoul, June 4 (IANS) South Korean Trade Minister Yeo Han-koo has urged the United States to resolve pending trade issues between the two countries, including the latter’s recent announcement of the results of the Section 301 probe into imports related to forced labour, within the boundaries of the bilateral tariff agreement finalised last year, Yeo’s office said on Thursday.Yeo held a meeting with U.S. Trade Representative (USTR) Jamieson Greer on the sidelines of the OECD Ministerial Council Me…
New Delhi, June 2 (IANS) India on Tuesday welcomed Germany’s decision to operationalise visa-free transit for Indian nationals passing through German airports, saying this new arrangement would further enhance people-to-people ties.“We welcome the operationalisation by Germany of the annoucement waiving requirement of transit visa for Indian nationals transiting through Germany, exclusively by air, with effect from June 3,” the Ministry of External Affairs (MEA) wrote on X.”The announcement wa…
New Delhi, June 1 (IANS) India has become only the second nation, after the US, to secure a Comprehensive Economic Partnership Agreement (CEPA) with Oman, the government said on Monday, as the trade pact came into force, marking a defining milestone in bilateral economic relations and opening a transformative new chapter in strategic trade and investment cooperation between the two countries.Commerce and Industry Minister Piyush Goyal said that the CEPA marks a defining milestone in India’s en…