New Delhi, May 13 (IANS) The Australian government will commit $25.3 million in the 2026-27 budget to strengthen bilateral economic, strategic and maritime relations with India amid the drastic change in the global geopolitical landscape following Donald Trump taking over as President of the United States.“The funding forms part of the next phase of Australia’s Comprehensive Strategic Partnership with India and is aimed at helping Australian businesses tap into India’s expanding market, se…
Latest bilateral trade News & Updates
Seoul, May 11 (IANS) India can serve as a prominent manufacturing and export hub for South Korea amid recent shifts in global supply chains, local experts said on Monday, as Seoul is pushing to deepen its economic ties with the world’s most populous nation.In a meeting with Industry Minister Kim Jung-kwan, experts at major economic research institutes and trade agencies here made the assessment, calling for a detailed strategy to help Korean companies expand their footprint in the Indian market,…
New Delhi, May 8 (IANS) India and Canada held detailed discussions across a wide range of chapters, including trade in goods, trade in services, intellectual property, rules of origin, sanitary and phytosanitary measures, and technical barriers to trade as part of the second round of negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA), according to a joint statement issued by the two countries on Friday.The second round of talks hosted by the Commerce Ministry from …
New Delhi, May 8 (IANS) India-UAE ties are deepening across defence, trade, investment and emerging technologies, which reflects a broad-based strategic partnership that continues to expand beyond traditional areas of cooperation, a report has said.The report by The Secretariat noted that Prime Minister Narendra Modi’s proposed stopover in the United Arab Emirates en route to Europe in May underscores the growing importance of the bilateral relationship, particularly at a time of heightened ge…
New Delhi, May 6 (IANS) Defence Minister Rajnath Singh held a meeting with Vietnam’s Deputy Prime Minister and Defence Minister Gen Phan Van Giang in New Delhi on Wednesday, with talks focused on adding more vigour to the defence cooperation between two nations. During the meeting, Singh expressed India’s readiness to further deepen strategic partnership with Vietnam. “Had an excellent meeting with the Deputy Prime Minister and Defence Minister of Vietnam Gen Phan Van Giang in New Delhi. India c…
New Delhi, May 6 (IANS) Indian companies have lined up investments worth over $20.5 billion across sectors such as technology, manufacturing and pharmaceuticals in the United States, US Ambassador to India, Sergio Gor, said on Wednesday, describing the momentum as a direct outcome of President Donald Trump’s economic leadership.In a post on social media platform X, the envoy said that 12 Indian companies announced fresh investments worth $1.1 billion in a single day, adding to a growing pipeline…
Washington, May 6 (IANS) The United States trade deficit widened in March as imports outpaced exports, even as the American goods gap with India narrowed compared to the same period last year, according to official data.The US Census Bureau and the Bureau of Economic Analysis said the overall goods and services deficit rose to $60.3 billion in March, up $2.5 billion from a revised $57.8 billion in February.US exports in March stood at $320.9 billion, an increase of $6.2 billion from February, wh…
New Delhi, May 5 (IANS) India and Canada began the second round of negotiations for a bilateral free trade agreement, with the two sides aiming to seal the deal by year-end. The five-day talks in New Delhi come on Monday ahead of the Commerce and Industry Minister Piyush Goyal’s scheduled visit to Canada at the end of this month to accelerate the momentum of the economic engagement as the two countries target increasing bilateral trade to $50 billion by 2030. “The attempt is to fast-track talks …
New Delhi, May 4 (IANS) Commerce and Trade Minister Piyush Goyal on Monday held a review meeting with key officers and chief negotiators to assess the progress of India’s Free Trade Agreements (FTAs).“Discussed ways to encourage more businesses to export from India, further unlocking the country’s potential to export world-class products,” the minister posted on X.“Also, explored avenues to strengthen India’s position in global value chains,” he added.Earlier in the day, Goyal held talks…
New Delhi, May 1 (IANS) India and the African Development Bank Group are expanding cooperation across digital infrastructure, industrial development and finance as preparations gather momentum for the upcoming India-Africa Forum Summit 2026.The summit, scheduled to be held in New Delhi on May 31, is expected to provide a key platform to strengthen economic and strategic ties between India and African nations.The growing engagement aligns with the Bank Group’s strategic priorities under its ‘…