Mumbai, June 3 (IANS) The proposed India-US trade agreement is “99 per cent there”, with only a few remaining issues left to be resolved, US Ambassador to India Sergio Gor said on Wednesday, expressing optimism that both countries are close to finalising the much-awaited interim trade deal.Speaking to reporters on the sideline of the CITI India 2026 Conference here, Gor said officials from both sides are actively engaged in discussions and are committed to concluding the agreement, which he …
Latest Commerce Ministry News & Updates
New Delhi, 3 (IANS) India remains engaged with the US on the Section 301 proceedings announced by Washington and is also parallelly engaged with the US for finalisation of a framework agreement on bilateral trade as was announced on February 2 this year and in accordance with the joint statement released on February 7, the Commerce Ministry said on Wednesday.The Commerce Ministry explained that the United States Trade Representative (USTR) has concluded investigations against 60 economies, inclu…
Toronto/New Delhi, May 28 (IANS) With India-Canada bilateral trade currently standing at approximately $8.5 billion, both governments remain committed to their shared and ambitious target of expanding it to $50 billion by 2030, Commerce and Industry Minister Piyush Goyal said as he concluded a highly-productive and landmark three-day visit to Canada, an official statement said on Thursday.Goyal had a packed schedule of high-impact engagements in Toronto spanning academia, innovation, government,…
Toronto/New Delhi, May 26 (IANS) Commerce and Industry Minister Piyush Goyal on Tuesday addressed the opening Ministerial Plenary Session, titled ‘From Political Reset to Commercial Delivery,’ in Toronto, Canada.Addressing the event in the presence of Maninder Sidhu, Minister of International Trade of Canada, Goyal spoke about India’s continued efforts to enhance ease of doing business and create an investor-friendly environment and invited businesses and industry leaders from Canada to be act…
Ottawa/New Delhi, May 26 (IANS) After high-level trade talks in Ottawa, Commerce and Industry Minister Piyush Goyal will lead the Indian business delegation through an intensive programme of industry roundtables and B2B engagements in Toronto from May 26–27, aimed at translating ministerial-level commitment into concrete commercial partnerships across priority sectors, the government said on Tuesday.The visit carries forward the mandate set by Prime Ministers Narendra Modi and Mark Carney duri…
New Delhi, May 23 (IANS) The government on Saturday released detailed operational guidelines for the implementation of the BHAVYA Scheme, a landmark initiative aimed at developing investment-ready, world-class industrial parks across the country.BHAVYA has been designed to strengthen India’s manufacturing ecosystem through development of integrated industrial infrastructure aligned with the objectives of ‘Make in India’, ‘PM Gati Shakti’, and the Government’s broader vision of positi…
New Delhi, May 23 (IANS) India has consistently supported the accession of developing countries and ‘Least Developed Countries’ to the World Trade Organization (WTO), signing the bilateral accession protocol in Geneva in the context of Ethiopia’s accession to the WTO.According to Commerce Ministry, the protocol was signed by Ambassador and Permanent Representative of the Republic of India to the WTO, Dr Senthil Pandian C., on behalf of India, and Ambassador and Permanent Representative of …
New Delhi, May 22 (IANS) Commerce and Industry Minister Piyush Goyal on Friday co-chaired a meeting with Minister of Ports, Shipping and Waterway, Sarbananda Sonowal, to directly engage with India’s exporters, importers and port authorities to facilitate the smoother flow of trade amid the disruption in ship movement and uncertainties in global markets due to the Middle East conflict.“We are committed to ensuring coordinated, time-bound measures to address concerns and create opportunities to …
New Delhi, May 15 (IANS) A high-level team of US officials is expected to visit India next month to continue the bilateral trade talks, although the exact dates have not been finalised yet, Commerce Secretary Rajesh Agrawal said on Friday.India’s team of Commerce Ministry officials visited Washington in April for a round of meetings with their US counterparts to finalise the details of the interim trade pact, which is to be signed ahead of the broader bilateral trade agreement (BTA).”We expect…
New Delhi, May 14 (IANS) The government on Thursday said India has been included in the revised draft list published by the European Union for continued export of aquaculture products to the EU market.India’s proposed inclusion is a major positive development for the country’s seafood export sector and reflects the European Union’s confidence in India’s regulatory systems, residue monitoring mechanisms and food safety standards. “Once formally adopted by the European Commission, the re…