New Delhi, Feb 26 (IANS) Union Commerce and Industry Minister Piyush Goyal on Thursday said he held ‘very fruitful discussions’ with US Secretary of Commerce Howard Lutnick and US Ambassador to India Sergio Gor to expand trade and economic ties between the two countries.In a post on social media platform X, Goyal said he hosted the US Secretary of Commerce and the US Ambassador in India and engaged in meaningful talks aimed at strengthening bilateral trade and economic partnership.He highlig…
Latest Commerce News & Updates
New Delhi, Feb 25 (IANS) Commerce and Industry Minister Piyush Goyal on Wednesday said that he has held talks on the India-Israel free trade agreement with a high-level Israeli delegation. “I had a productive interaction with the Israeli team, reflecting our shared commitment to deepening economic engagement. It is encouraging to see both sides working closely to unlock new opportunities in trade, innovation and growth, further strengthening our valued partnership,” Goyal said in a post on X.”As…
New Delhi, Feb 21 (IANS) After the US Supreme Court struck down reciprocal tariffs imposed by the Donald Trump administration, the White House has released a Fact Sheet, explaining that Trump has now invoked his authority under “Section 122 of the Trade Act of 1974”, which empowers the President to address certain “fundamental international payment problems” through surcharges and other special import restrictions.The Proclamation imposes, for a period of 150 days, a 10 per cent “ad va…
New Delhi, Feb 18 (IANS) Digital rights activist and tech policy commentator Nikhil Pahwa on Wednesday described the ongoing India AI Summit as a “transformational moment”, saying the event could significantly accelerate artificial intelligence adoption across governance, industry and academia in the country.In a series of posts on X, the founder of MediaNama said that even if such large summits face organisational or agenda-related shortcomings, the scale of government attention ensures AI beco…
Washington, Feb 7 (IANS) US President Donald Trump signed an executive order to reshape how the United States sells weapons abroad, aiming to rebuild domestic manufacturing, cut red tape and speed delivery of American-made arms to key partners and allies.The White House said the order establishes an “America First Arms Transfer Strategy” to ensure the US defence industrial base remains the “Arsenal of Freedom” for the United States and its partners.Under the order, US arms transfers must…
New Delhi, Jan 27 (IANS) Prime Minister Narendra Modi is set to host the 16th European Union-India Summit in the national capital on Tuesday with President of the European Commission, Ursula von der Leyen, and visiting President of the European Council, Antonio Costa, to announce the ‘mother of all trade deals’.According to Commerce Secretary Rajesh Agrawal, India and the EU have concluded negotiations on the much-awaited Free Trade Agreement (FTA) and the announcement of the conclusion of t…
New Delhi, Jan 9 (IANS) Commerce and Industry Minister Piyush Goyal held high-level talks with the EU Trade and Economic Security Commissioner, Maros Sefcovic, in Brussels on Friday as part of the efforts to secure a mutually beneficial India-EU Free Trade Agreement (FTA).”During this dialogue, we deliberated across key areas of the proposed agreement. We reaffirmed our commitment to a rules-based trading framework and a modern economic partnership that safeguards the interests of farmers and MS…
Washington, Jan 9 (IANS) The US House of Representatives passed a funding bill that tightens export controls, boosts trade enforcement, restricts federal technology purchases, and curbs cooperation with China.The legislation increases funding for export control enforcement, sets aside money to pursue China-related trade cases, blocks certain federal IT purchases without security reviews, and limits US-China cooperation in science and space.It also adds new reporting requirements on official trav…