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…
Latest bilateral trade News & Updates
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…
New Delhi, May 28 (IANS) India and South Korea have decided to create dedicated sub-groups to deepen discussions on digital trade, supply chain cooperation and strategic industrial collaboration as part of efforts to upgrade the India-Korea Comprehensive Economic Partnership Agreement (IK CEPA), it was announced on Thursday.The talks were conducted pursuant to the Joint Declaration signed on April 20 by Union Commerce and Industry Minister Piyush Goyal and Korean Trade Minister Yeo Han-koo durin…
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…