New Delhi, Feb 7 (IANS) The India-EU Free Trade Agreement (FTA) eliminates duties and places Indian shipments on a level-playing field with key competitors such as Bangladesh and Vietnam, among other preferential trade partners, according to a new report.The agreement is expected to bring down EU import duties on Indian textiles to zero, addressing a longstanding tariff disadvantage that had limited India’s competitiveness in the region. The ICRA report notes that preferential access and lower…
Latest FTA News & Updates
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, Feb 3 (IANS) Ruling NDA leaders on Tuesday strongly welcomed the India-US trade agreement, calling it a historic milestone that will significantly benefit India’s economy, MSMEs and global trade standing. They also dismissed opposition criticism, accusing the Congress of being negative and unable to appreciate positive developments for the country.BJP MP Praveen Khandelwal described the agreement as a landmark achievement between the world’s largest democracies. “This is a very …
New Delhi, Jan 30 (IANS) Commerce and Industry Minister Piyush Goyal on Friday said the successful conclusion of the India-EU Free Trade Agreement (FTA) is truly a historic milestone, unlike the “UPA era where agreements were rushed” and “India often conceded far more than it gained”.The minister said the EU trade deal will strengthen key sectors of our economy while fostering prosperity, as every region and citizen stands to gain from its many benefits.“I also draw a sharp contrast with the U…
New Delhi, Jan 22 (IANS) The India-European Union Free Trade Agreement (FTA) negotiations, which are now approaching completion, have acquired strategic significance beyond trade liberalisation and the proposed agreement is increasingly being viewed as a stabilising anchor for global commerce amid growing geopolitical fragmentation and the weaponisation of trade, according to leading industry leaders and policymakers.The sentiment emerged at a high-level dialogue, titled “India-EU Summit: FTA …
New Delhi, Jan 21 (IANS) The India-New Zealand Free Trade Agreement (FTA) has sent a clear message that pragmatism has prevailed and that both sides have agreed on a framework for a bilateral economic partnership for the mid-21st century, according to a new report.The report, published on www.prfworld.org, says the deal “represents a pivot for New Zealand toward deeper engagement with the world’s most populous nation and fastest-growing economy in the world”.For India, the trade pact build…
New Delhi, Jan 20 (IANS) The India-EU summit scheduled for January 27 comes as part of the steady strengthening of economic relations between the two sides amid growing uncertainties in global markets triggered by the US tariff turmoil and dramatic geopolitical shifts in the world order. The summit to be hosted by Prime Minister Narendra Modi and co-chaired by European Council President Antonio Costa and European Commission President Ursula von der Leyen will witness the adoption of a document b…
New Delhi, Jan 20 (IANS) India and the European Union (EU) are close to finalising a landmark free trade agreement (FTA), with the formal announcement expected on January 27, a day after the Republic Day celebrations which will be attended by the top EU leadership as chief guests.According to sources, the India-EU summit scheduled for Jan 27, will witness the successful conclusion of FTA negotiations. A document will be adopted by both sides to announce the conclusion of FTA negotiations, after …
New Delhi, Jan 12 (IANS) India pursued strategic autonomy in 2025, which was aimed not at dominating the international system but at balancing it, drawing on historical experience and emphasising institutional continuity, economic resilience, and multidimensional diplomacy, observed a recent report in Europe. During the Mughal period, the Indian subcontinent functioned as a balancing pillar within a fragmented regional system, not through constant military expansion, but with administrative cohe…
New Delhi, Jan 1 (IANS) The bilateral trade between India and the Maldives has grown more than threefold over the last eight years, with India’s exports doubling to 680 million in FY 2024–25 and imports from the Maldives taking a huge 20-fold leap to $119 million. Along with the rising flow of Indian tourists to the island nation, the economic-interdependence between the two countries has been steadily growing over the years.Recently, India–Maldives relations have entered a renewed phase f…