Latest Economic Cooperation News & Updates

Washington, June 26 (IANS) The Donald Trump administration on Friday identified India as a potential “comprehensive partner” under its Pax Silica initiative, saying the two countries are aligned on strengthening supply chains, expanding semiconductor cooperation, and reducing dependence on vulnerable manufacturing networks.After the launch of the initiative, Under Secretary of State for Economic Affairs Jacob Helberg said Washington sees significant opportunities to broaden technology and econom…

New Delhi, June 19 (IANS) India and Uzbekistan on Friday agreed to deepen trade ties, address the issue of non-tariff barriers and work towards doubling bilateral trade in the next three years, according to a statement issued by the Ministry of Commerce and Industry on Friday. Rajesh Agrawal, Department of Commerce Secretary, co-chaired the 14th Session of the India-Uzbekistan Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation with Shokhrukh Gulamov, Deputy…

Kathmandu, June 10 (IANS) Nepal’s Prime Minister Balendra Shah on Wednesday extended his congratulations to Prime Minister Narendra Modi on becoming India’s longest-serving elected Prime Minister, describing the milestone as a “landmark achievement”.In a message posted on social media platform X, Shah said: “Warmest congratulations to Narendra Modi ji on your landmark achievement as India’s longest-serving elected PM. Wishing you good health and continued progress and prosperity for the people o…

New Delhi, June 8 (IANS) India could sign the first tranche of its long-awaited bilateral trade agreement with the United States as early as July, Commerce and Industry Minister Piyush Goyal said on Monday.Speaking to media on the sideline of an event, Goyal further indicated that negotiations between the two countries are nearing a crucial stage despite recent tariff-related concerns.The minister’s remarks have raised expectations of an early breakthrough in trade talks that have been underway …

New Delhi, June 4 (IANS) India and the United States have made further progress in negotiations for a proposed bilateral trade agreement, with officials from both countries holding extensive discussions in New Delhi this week on a range of trade-related issues, the Ministry of Commerce & Industry said on Thursday.A delegation from the Office of the United States Trade Representative (USTR), led by the Chief Negotiator, visited India from June 1 to June 4 to advance talks on the India-U.S. Tr…

The Hague, May 17 (IANS) At the invitation of the Dutch counterpart Rob Jetten, Prime Minister Narendra Modi concluded his official two-day visit to the Netherlands on Saturday. This marked Prime Minister Modi’s second visit to the Netherlands.In the morning of May 16, Prime Minister Modi was hosted by the Netherlands King Willem Alexander and Queen Maxima at the Royal Palace Huis ten Bosch in the Hague for a bilateral meeting. They also hosted a luncheon for Prime Minister Modi.Prime Minister J…

Beijing, May 14 (IANS) The United States and China agreed Thursday that Iran can never have a nuclear weapon and the crucial Strait of Hormuz must remain open, a White House official said after Presidents Donald Trump and Xi Jinping held a high-stakes summit in Beijing.The leaders had the much-anticipated meeting at the imposing Great Hall of the People, during which they discussed an array of consequential issues, including trade, the ongoing US-Israeli war on Iran and Taiwan, the self-governin…

New Delhi, May 14 (IANS) The Federation of Indian Export Organisations (FIEO) on Thursday welcomed the upcoming visit of Prime Minister Narendra Modi to the United Arab Emirates (UAE), the Netherlands, Sweden, Norway and Italy from May 15–20, saying that the visit will significantly strengthen India’s strategic economic engagement with key global partners and provide fresh momentum to trade, investment and technology collaborations during such challenging times. Reacting to the announcement, F…

New Delhi, May 14 (IANS) Highlighting the fragile security environment in West Asia, External Affairs Minister (EAM) S. Jaishankar on Thursday said that persistent tensions in the region, along with threats to shipping routes and energy infrastructure, remain a matter of global concern.Delivering the national statement at the BRICS Foreign Ministers’ Meeting in New Delhi under India’s 2026 chairship, the EAM said, “The conflict in West Asia merits particular attention. Continuing tensions, risks…

New Delhi, May 13 (IANS) The Australian government will commit $25.3 million in the 2026-27 budget to strengthen bilateral economic, strategic and maritime relations with India amid the drastic change in the global geopolitical landscape following Donald Trump taking over as President of the United States.“The funding forms part of the next phase of Australia’s Comprehensive Strategic Partnership with India and is aimed at helping Australian businesses tap into India’s expanding market, se…