New Delhi, June 2 (IANS) India and the US are scheduled to hold fresh trade negotiations from Tuesday, both sides are aiming to finalise the first phase of a long-awaited Bilateral Trade Agreement (BTA) that could significantly reshape trade ties between the two countries. The talks that are scheduled between June 2 and June 4 are expected to focus on finalising the legal text and ironing out remaining issues in the proposed interim agreement, whose broader framework has already been agreed upon…
Latest Department of Commerce News & Updates
New Delhi, June 1 (IANS) India and the United States are set to sign their first bilateral trade agreement (BTA) very soon, with most discussions already concluded and only a few issues remaining to be addressed, Union Minister of Commerce and Industry Piyush Goyal said on Monday.According to the minister, the two sides will continue discussions on the second phase of the agreement after the signing of the initial pact.He added that conversations between the two countries are scheduled to take p…
New Delhi, May 31 (IANS) India and the United States are set to resume negotiations on an interim bilateral trade agreement this week, with chief negotiators from both sides meeting in New Delhi for four days beginning June 1. The discussions are expected to focus on finalising the details and legal text of the proposed interim trade pact, whose broad framework was agreed upon earlier this year.The US delegation will be led by chief negotiator Brendan Lynch, while India’s team will be headed by …
New Delhi, May 24 (IANS) The first meeting of NITI Aayog’s high-powered ‘Education to Employment and Enterprise’ Standing Committee has decided to identify actionable recommendations to enhance employability, foster entrepreneurship, strengthen industry-relevant skilling, and accelerate growth in the services sector, according to an official statement issued on Sunday.The meeting concluded with a shared commitment to transform India’s demographic dividend into a growth dividend, enhance co…
Washington, May 22 (IANS) Two senior Republican lawmakers have introduced legislation aimed at accelerating sanctions against Chinese entities linked to Beijing’s military-industrial complex, arguing that the United States can no longer delay action against what they described as threats tied to the Chinese Communist Party (CCP).Senator Rick Scott and Representative Elise Stefanik on Thursday unveiled the “CCP Sanctions Shot Clock Act”, which would require the US Treasury Department to mov…
New Delhi, May 8 (IANS) Commerce and Industry Minister Piyush Goyal on Friday met senior officials from the French beauty and personal care major L’Oréal Groupe and discussed strengthening sourcing, manufacturing, and exports from the country.“Held a meeting with a delegation led by Vismay Sharma, President–South Asia Pacific, Middle East and North Africa Zone, at @LOrealGroupe. Discussions focused on strengthening sourcing, manufacturing, and exports from India,” Goyal posted on X social…
New Delhi, May 7 (IANS) Commerce and Industry Minister Piyush Goyal on Thursday chaired a brainstorming session along with officials of the Department of Commerce (DoC) and Department for Promotion of Industry and Internal Trade (DPIIT), to explore measures to enhance global exposure for Indian businesses.According to the minister, discussions focused on boosting exports and investments, unlocking opportunities for aspiring exporters, and tapping new global markets.“Also, explored measures to …
New Delhi, April 30 (IANS) The Department of Commerce on Thursday notified the revised schedules under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme as part of the strategy to help the country’s export sector amid global disruptions due to the Middle East conflict.The revisions pertain to DTA exports and for exports by Advance Authorisation (AA), Export Oriented Units (EOUs), and Special Economic Zone (SEZ) units, in line with amendments made in the First Schedule to t…
New Delhi, April 29 (IANS) India is targeting $2 trillion in total exports by 2030–31, comprising $1 trillion in merchandise exports and $1 trillion in services exports, the government said on Wednesday.The Department of Commerce has developed a structured Export Monitoring Framework, which breaks down the national target into sector-wise actions across Engineering Goods, Textiles, Electronics, Pharmaceuticals, Chemicals and Services, said Commerce Minister Piyush Goyal who chaired a high-leve…
New Delhi, April 22 (IANS) The Department for Promotion of Industry and Internal Trade (DPIIT) is actively implementing a range of regulatory and facilitative measures to ensure continuity of industrial activities, maintain supply chain stability, and support key manufacturing amidst the evolving West Asia situation, according to an official statement issued on Wednesday.The measures aim to ensure the uninterrupted availability of fuel and essential inputs while addressing operational challenges…