New Delhi, June 29 (IANS) The first round of India-Maldives negotiations for a free trade agreement began on Monday and will continue till July 7, as the two countries aim to formally sign the pact by the end of this year, the Commerce Ministry announced.”The Government of India has officially commenced the first round of negotiations for a bilateral Free Trade Agreement (FTA) with the Republic of Maldives. The discussions are being conducted in virtual mode and are scheduled from June 29 to Jul…
Latest Commerce Ministry News & Updates
New Delhi, June 26 (IANS) India has begun an anti-dumping probe against cheap steel imports from China, Japan, and Russia, according to a Commerce Ministry notification on Friday.The applicants alleged that the “product under consideration is being imported from the subject countries at dumped prices, which is causing material injury to the domestic industry”.”The applicants have also alleged that there is a further threat of material injury to the domestic industry due to dumped imports and hav…
London, June 26 (IANS) Commerce and Industry Piyush Goyal on Friday announced the deployment of 1,000 advisory personnel across India and the upgradation of the trade portal to help businesses maximise the benefits of the India-UK free trade agreement, which will come into effect on July 15 and is projected to increase bilateral trade by 25.5 billion pounds annually.Goyal participated in a series of high-level engagements during the 10th Annual UK-India Week here on Friday, highlighting the oppo…
New Delhi, June 26 (IANS) India’s engineering goods exports crossed the $12-billion mark for the first time in May, rising 24.48 per cent year-on-year to hit a record despite geopolitical tensions in West Asia and disruptions to global trade, EEPC India said on Friday.According to the latest estimates by the government, engineering shipments stood at $12.31 billion in May 2026, compared with $9.89 billion in the corresponding month last year.The sector accounted for 27.2 per cent of India’s tota…
London/New Delhi, June 25 (IANS) India will not enter into a trade agreement with the United States unless it secures a clear competitive advantage over rival economies, Commerce Minister Piyush Goyal said on Thursday.Speaking during a two-day visit to London, Goyal said India would only proceed with the agreement once Washington establishes a legal and policy framework that offers Indian exporters preferential market access compared to competing countries.“Until the framework for getting comp…
New Delhi, June 25 (IANS) The government on Thursday said it has facilitated the export of a 40 metric tonne (MT) consignment of biscuits from UP’s Varanasi to Oman, following the signing of the India-Oman Comprehensive Economic Partnership Agreement (CEPA).The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, facilitated the export.”The shipment marks the first export consignment of biscuits from Varanasi to Oman followin…
Visakhapatnam, June 5 (IANS) Commerce Minister Piyush Goyal said on Friday that India and the US are likely to sign the first phase of the bilateral trade agreement by the middle of July.”We had excellent discussions from June 2-4 this month. We had a full team of officials from different divisions of trade from the US in New Delhi. I also met them yesterday. We are fast-moving towards closing all the open ends. Sometime by the middle of next month or so, we should be in a position to execute a …
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 …
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,…