New Delhi, July 25 (IANS) The India-UK free trade agreement (FTA) can help bilateral trade trajectory expand from $58 billion in 2025-26 to $115 billion by 2030, along with the possible creation of 7-10 lakh new employment opportunities, according to a new Assocham study.The India-UK FTA, which is now in force since July 15, 2026, is expected to expand business horizons via increased market access and create new employment opportunities for the young population, said the study by Assocham Global…
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Mumbai, July 22 (IANS) The proposed India–New Zealand Free Trade Agreement (FTA) is expected to come into force soon and, together with the newly elevated Strategic Partnership between the two countries, is expected to help double bilateral trade by 2030, New Zealand’s Trade Commissioner and Consul-General to India and South Asia, Graham Rouse, said on Wednesday.In an exclusive interview with IANS, Rouse said the recent elevation of India–New Zealand ties to a Strategic Partnership marks a h…
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…
Washington, July 8 (IANS) India’s chief negotiator for the landmark free trade agreement with the European Union on Wednesday described the pact as the country’s “most ambitious agreement” to date, saying it would significantly expand market access, strengthen rules-based trade and open new opportunities for labour-intensive industries, services and technology cooperation. Speaking at an event hosted by the Peterson Institute for International Economics, Darpan Jain, Chief Negotiator from India’…
New Delhi, June 1 (IANS) India’s merchandise exports to Oman are officially targeted to grow by 50 per cent over the next three years, as the Comprehensive Economic Partnership Agreement (CEPA) with the Gulf nation came into force on Monday.The agreement aims to drive merchandise exports from the baseline of roughly $4.06 billion past the $6 billion mark, with a medium-term goal of reaching $10 billion.Oman has offered zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per ce…
New Delhi, June 1 (IANS) As the India‑Oman Comprehensive Economic Partnership Agreement came into force on Monday, Union Commerce and Industry Minister Piyush Goyal said the agreement will significantly benefit India.Goyal took to a social media platform, X, describing the agreement as a defining milestone in Prime Minister Narendra Modi’s mission to create global pathways to prosperity for students, artisans, women, farmers, fishermen and MSMEs by opening new markets, boosting exports, attrac…
Brussels, May 4 (IANS) The European Commission on Monday proposed to remove leather from the scope of the revised European Union (EU) Deforestation Regulation, in a move to avoid penalising EU producers of goods such as handbags and shoes. The draft delegated act, open for public feedback until June 1, proposes targeted amendments to the product scope, including adding soluble coffee and certain palm oil derivatives while excluding leather and retreaded tyres and so on, said the Commission in a …
New Delhi, Feb 26 (IANS) India Inc. is expected to sustain year‑on‑year revenue growth of 8–10 per cent in Q4 FY26 and expand operating profit margins by 50–75 basis points, supported by firm rural demand and a gradual urban consumption recovery, a report said on Thursday.The report from ratings agency ICRA said the credit metrics are expected to remain healthy, with interest coverage ratio likely at about 5.3–5.5 times, broadly stable compared to 5.3 times in Q3FY26.”Domestic rural de…
New Delhi, Feb 23 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that quality must become the core focus of India’s manufacturing and export ecosystem if the country wants to achieve its long-term economic goals.Addressing the first National Quality Conclave virtually, organised by the Department for Promotion of Industry and Internal Trade (DPIIT) in partnership with the Quality Council of India (QCI), Goyal stressed that Prime Minister Narendra Modi’s vision of “…
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 …