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…
Latest FTA News & Updates
New Delhi, Dec 27 (IANS) With liquidity conditions remaining muted and key macro cues awaited, the Indian markets are likely to stay range-bound in the near term amid consolidation ahead of New Year, analysts said on Saturday.Market sentiment this week was shaped by a combination of domestic macroeconomic indicators and global developments.India concluded a comprehensive Free Trade Agreement (FTA) with New Zealand, strengthening its Indo-Pacific engagement and export diversification strategy. On…
New Delhi, Dec 27 (IANS) A Free Trade Agreement (FTA) with India will add more employment, exports, and raise incomes, said New Zealand Prime Minister Christopher Luxon on Saturday.He said this as India and New Zealand concluded a comprehensive and long-awaited FTA, marking a major economic and strategic milestone.“We said we’d secure a Free Trade Agreement with India in our first term, and we’ve delivered,” Luxon said in a post on social media platform X.“This landmark deal means more…
New Delhi, Dec 25 (IANS) India stepped up its efforts to forge new economic and trade partnerships this year, amid growing economic uncertainties in global markets, triggered by the US tariff turmoil.Three major free trade agreements signed by India with the UK, New Zealand and Oman — and the ongoing talks with the European Union (EU) — will not only enhance trade but also increase competitiveness, attract quality foreign investment, and provide greater access to high-end technologies and mark…
New Delhi, Dec 23 (IANS) The India-New Zealand Free Trade Agreement (FTA) will give investors more confidence as both the countries access each other’s market to gain across the spectrum, Ved Jain, economist and former president of the Institute of Chartered Accountants of India (ICAI), said on Tuesday.By securing improved market access for Indian goods, expanding opportunities in services and mobility, and deepening collaboration in agriculture, investment and emerging sectors, the Agreement …
New Delhi, Dec 22 (IANS) Union Home Minister and Minister of Cooperation Amit Shah on Monday hailed India–New Zealand FTA and termed it as an outcome of the Narendra Modi government’s trade diplomacy, which is setting a new milestone. In a post on X, HM Shah said, “The Modi govt’s trade diplomacy sets a new milestone. India–New Zealand FTA, that brings in $20 billion investment and offers lucrative opportunities for Indian innovators, entrepreneurs, farmers, MSMEs, students, and youth,…
New Delhi, Dec 22 (IANS) Commerce and Industry Minister Piyush Goyal said on Monday that the India and New Zealand free trade agreement (FTA) will ensure zero duty on 100 per cent of India’s exports, benefitting farmers, MSMEs, workers, artisans, women-led enterprises and youth, while providing immense opportunities for labour-intensive sectors such as textiles, apparel, leather and footwear.Sectors like engineering and manufacturing, automobiles, electronics, machinery, plastics, pharmaceutic…
New Delhi, Dec 22 (IANS) New Zealand and India have concluded a Free Trade Agreement (FTA), offering New Zealanders unprecedented access to 1.4 billion Indian consumers, Trade and Investment Minister Todd McClay announced on Monday.This historic FTA eliminates and reduces tariffs on 95 per cent of New Zealand’s exports — among the highest of any Indian FTA — with almost 57 per cent being duty-free from day one, increasing to 82 per cent when fully implemented, with the re…