New Delhi, Feb 16 (IANS) India’s combined merchandise and services exports recorded a 13.16 per cent increase to $80.45 billion in January this year, compared with $71.09 billion in the same month of the previous year, data released by the Commerce Ministry on Monday showed.The country’s merchandise exports rose 0.6 per cent year-on-year to $36.56 billion in January, despite the global economic uncertainties, the data showed.Cumulative exports of both merchandise and services (April–January)…
Latest Commerce Ministry News & Updates
New Delhi, Feb 12 (IANS) India now has market access to 70 per cent of global GDP, in most cases at zero duty for domestic products, Union Commerce and Industry Minister Piyush Goyal said on Thursday.Speaking at an event here, Goyal said that nine Free Trade Agreements (FTAs) have been concluded in the last three years, covering 38 countries with strong per capita incomes, and most developed markets now have trade arrangements with India.“Agreements include the 27-nation EU bloc, four-nation E…
New Delhi, Feb 11 (IANS) India’s participation as ‘Country of the Year’ at the ‘BIOFACH Germany 2026’ underscores its growing role in the global organic ecosystem, an official statement said on Wednesday.The ‘BIOFACH Germany 2026’, world’s leading trade fair for organic products, was held in Nuremberg, and the Agricultural and Processed Food Products Export Development Authority (APEDA) led India’s participation with a prominent and high-impact presence, highlighting the countr…
New Delhi, Feb 6 (IANS) The India-Australia business case studies are evidence-based on how the trade agreement has translated into real opportunities and has been used by businesses for their growth, Commerce Secretary Rajesh Agrawal said on Friday.Jointly developed by the Indian Institute of Foreign Trade (IIFT) and Newland Global Group, the India–Australia Business Case Studies Compendium, titled “Pitch Perfect Australia-India: Perfect Conditions for a $100 Billion Partnership”, capture…
New Delhi, Feb 5 (IANS) India and the Gulf Cooperation Council on Thursday signed the Terms of Reference to guide the negotiations for the India-GCC Free Trade Agreement (FTA) The Terms of Reference (ToR), which will define the scope and modalities of the talks, were signed between Additional Secretary and Chief Negotiator, Department of Commerce, Ajay Bhadoo, and the GCC Secretariat General’s Chief Negotiator, Dr Raja Al Marzouqi, at the Vanijya Bhawan in the presence of Commerce and Industry M…
New Delhi, Jan 27 (IANS) With the India-EU trade deal, the country has secured unprecedented market access for more than 99 per cent of Indian exports by trade value to the EU that also bolsters the ‘Make in India’ initiative, the Commerce Ministry said on Tuesday, adding that along with India’s FTA with the UK and the European Free Trade Association (EFTA), the latest EU deal effectively opens up the entire European market for Indian businesses, exporters, and entrepreneurs.With this hist…
New Delhi, Jan 26 (IANS) The government on Monday said that India marked a strong presence at ‘Gulfood 2026’, the world’s largest annual food and beverage trade exhibition in Dubai, underscoring its growing leadership in the global agri-food and processed food sector.The 2026 edition marks India’s largest-ever participation, with more than 600 Indian companies exhibiting across a wide spectrum of categories including staples, fresh produce, processed foods, beverages, agri-tech, and food…
Washington, Jan 25 (IANS) Indian and US officials are pushing to resolve the last few hurdles in a proposed bilateral trade agreement, with both sides close on substance but still divided on several sensitive tariff and sequencing issues, with both sides aiming for a durable deal that restores predictability and stability to bilateral trade.Negotiations over the last few weeks have narrowed to a small set of unresolved items, those familiar with the talk said. Technical teams are continuing disc…
New Delhi, Jan 23 (IANS) The European Union’s broader suspension of the Generalised Scheme of Preferences (GSP) will impact only 2.66 per cent of India’s exports to the EU, the Commerce Ministry said on Friday.In 2023, EU imports from India amounted to approximately 62.2 billion euros. Of this, only 12.9 billion euros were eligible under the EU’s Standard GSP framework. India has graduated from 12 major product categories. As per the new regulation, 1.66 billion euros of trade is expected to…
New Delhi, Jan 23 (IANS) India’s participation at the ‘Gulfood 2026’ event is aligned with the opportunities emerging from the India–UAE Comprehensive Economic Partnership Agreement (CEPA), which has strengthened bilateral trade ties and enhanced market access for Indian agri and food products in the Gulf region, an official statement said on Friday.The Agricultural and Processed Food Products Export Development Authority (APEDA) is participating at the ‘Gulfood 2026’.India is the Pa…