Latest bilateral trade News & Updates

New Delhi, April 8 (IANS) Jordan’s Ambassador to India Yousef Abdelghani on Wednesday hailed the ties between two nations, terming them “very strong”, “solid” and based on mutual interest and shared values. He also expressed Jordan’s readiness to bolster relationship with India in future. In an interview with IANS, Abdelghani stated that India and Jordan have already agreed to strengthening bilateral trade from around USD three billion to almost USD five billion.”As a matter of fact, our relatio…

Seoul, April 3 (IANS) South Korean President Lee Jae Myung said Friday he and French President Emmanuel Macron agreed to work together to secure the safe passage through the Strait of Hormuz and mitigate the broad impact from the war in the Middle East. Lee addressed concerns over uncertainties in global energy supply chains following summit talks with Macron, during which the two leaders discussed ways to deepen economic ties and strengthen coordination on security issues.”President Macron and …

New Delhi, April 1 (IANS) Denis Alipov, Russia’s Ambassador to India, has said that Russia firmly rejects what he described as US “pressure” in international politics, particularly concerning India’s oil market, while emphasising that New Delhi continues to pursue an independent foreign policy. In an interview with IANS, Alipov stated that attempts by the United States to create hurdles for Russia in the Indian market are not an appropriate way to conduct global business or manage intern…

New Delhi, March 28 (IANS) Union Commerce and Industry Minister Piyush Goyal has stressed the importance of consensus-based decision-making and addressing structural imbalances in global trade as WTO members deliberated on reform issues during the second day of the 14th Ministerial Conference (MC14) in Cameroon.Leading the Indian delegation, Goyal said that consensus remains the bedrock of the WTO’s legitimacy and cautioned against undermining the sovereign right of members to not be bound by …

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…