Mumbai, July 20 (IANS) The recently concluded India-United Kingdom Free Trade Agreement (FTA) is a landmark development that is expected to provide a major boost to Indian businesses across sectors, with benefits extending from large corporations to micro, small and medium enterprises (MSMEs), an industry body said on Monday.Speaking exclusively to IANS, Indian Merchants’ Chamber (IMC) President Prof. Mahendra Kumar Chouhan described the agreement as a “historic step” that would strengthen India…
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New Delhi, July 15 (IANS) Export consignments worth over $140 million were dispatched on the first day of the landmark India–United Kingdom Comprehensive Economic and Trade Agreement (CETA) coming into force on Wednesday.A formal inauguration event to mark the entry into force of CETA was held at Vanijya Bhawan here. The function was attended by British High Commissioner to India Lindy Cameron, Commerce Secretary Rajesh Agrawal, Director General of Foreign Trade, representatives of Industry Ex…
New Delhi, July 15 (IANS) The landmark India-UK Comprehensive Economic and Trade Agreement (CETA), which has come into effect from Wednesday, grants zero-duty access on nearly 99 per cent of India’s exports, covering almost 100 per cent of the trade value, which will strengthen the country’s export competitiveness, according to a government factsheet.India will benefit from one of the most ambitious services commitments ever offered by the UK under a Free Trade Agreement.The agreement seeks to…
New Delhi, July 15 (IANS) Union Commerce and Industry Minister Piyush Goyal on Wednesday said the India-UK Comprehensive Economic and Trade Agreement (CETA) has come into force under the leadership of Prime Minister Narendra Modi, calling it a defining milestone in bilateral ties.In a post on X, the minister said the India-UK CETA, along with the Agreement on Social Security has become operational, providing zero-duty market access for nearly 99 per cent of India’s exports and covering almost 10…
New Delhi, May 21 (IANS) US-India trade is entering a high‑growth phase and could reach $500 billion by 2030 driven by stronger supply chains, technology collaboration and deeper integration across manufacturing and services, a report said on Thursday. The report from KPMG in India and AMCHAM said bilateral trade has expanded steadily in recent years, with India’s cumulative exports to the US reaching $87.3 billion in FY26, accounting for 20 per cent of total merchandise exports.Electronics,…
Surat, May 2 (IANS) Union Minister Health J.P. Nadda and Jal Shakti Minister C.R. Patil are addressing the concluding session of the third edition of the Vibrant Gujarat Regional Conference (VGRC) – South Gujarat, being held on Saturday in Surat.The two-day event draws to a close with participation from senior political leadership, diplomats and industry representatives.On the occasion, Gujarat Chief Minister Bhupendra Patel is releasing the book titled ‘South Gujarat – The Industrial Cata…
New Delhi, March 10 (IANS) Assocham on Tuesday cautioned that a prolonged regional conflict in West Asia, amid escalating tensions involving the United States, Israel and Iran, could disrupt global trade and affect India’s energy supplies and exports.The apex industry chamber said India’s economy is closely linked to West Asian supply chains while also relying heavily on the Gulf region as a key export destination.The Middle East remains a major supplier of crude oil, liquefied natural gas (…
New Delhi, Feb 20 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that the interim trade deal between India and the United States is likely to become operational in April this year.Meanwhile, a three-day meeting between Indian and US officials to finalise the legal text for the interim trade agreement will begin in the US on February 23.The minister also said that India’s free trade agreements (FTAs) with the UK and Oman are likely to be implemented in April, while in the case …
New Delhi, Feb 16 (IANS) While India has diversified its energy basket and started sourcing more oil and gas from the US, it is also diversifying its import basket for precious metals from the UAE so that it can purchase more gold and silver from the US market instead, a senior official said.This will help to bring down prices and also the trade surplus with the US.The United States is a major global hub for trading these precious metals. It exports significant amounts of gold (including waste/s…
New Delhi, Feb 9 (IANS) The India-US Bilateral Trade Agreement (BTA) marks a major milestone in India’s global trade engagement, securing sustained preferential access for exports in the US market valued at over $30 trillion, according to an official statement issued on Monday.The agreement delivers comprehensive tariff rationalisation, zero-duty access across large product categories, enhanced digital and technology cooperation, and a carefully calibrated framework to safeguard India’s farm…