Washington, July 1 (IANS) The Trump administration on Wednesday refused to renew the United States-Mexico-Canada Agreement (USMCA), opening negotiations to rewrite key parts of President Donald Trump’s signature North American trade pact while insisting it remains in force during the review process. The decision came after representatives of the United States, Mexico and Canada held the first mandatory six-year joint review of the agreement, which entered into force in 2020. While Washington dec…
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New Delhi, June 26 (IANS) India and the European Union have concluded their Free Trade Agreement as both partners seek to diversify their markets amid the global tariff turmoil and the geopolitical landscape after Donald Trump took over as US President, an article said.”As countries seek to diversify away from risky dependencies without retreating from globalisation, trade agreements are increasingly becoming instruments of strategic trust as much as market access,” the article in Modern Diploma…
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, 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,…
New Delhi, April 27 (IANS) The Federation of Indian Export Organisations (FIEO) on Monday welcomed the signing of the India–New Zealand Free Trade Agreement, calling it a strategic milestone that will expand market access, deepen economic ties and create opportunities for exporters, especially micro, small and medium enterprises.FIEO President, S C Ralhan said that the FTA will open new bilateral trade avenues for Indian exporters across agriculture, textiles, pharmaceuticals, engineering good…
New Delhi, April 27 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement (FTA) on Monday to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Union Commerce Minister Piyush Goyal and his New Zealand counterpart, Todd McClay.The pact is aimed at doubling bilateral trade to $5 billion over the next five years and is expected to open new avenues for Indian exporters, partic…
New Delhi, April 26 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement on Monday, more than four months after concluding negotiations, with the deal expected to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Piyush Goyal and Todd McClay, marking a major step in strengthening economic ties between the two countries.The pact is aimed at doubling bilateral trade to $5 …
New Delhi, April 24 (IANS) Commerce and Industry Minister Piyush Goyal on Friday welcomed Todd McClay, Minister for Trade and Investment of New Zealand to India, ahead of the free trade agreement (FTA) signing between the two countries on April 27.In a post on X, the minister said: “Delighted to welcome Mr. Todd McClay, Minister for Trade & Investment, New Zealand, to India, as we begin a new chapter in India-New Zealand economic ties”.He further stated that as we approach the India-NZ F…
New Delhi, April 24 (IANS) India and the United States have made progress on key matters such as market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade in the latest round of negotiations held in Washington to finalise the details of the interim trade agreement between the two countries, the Commerce & Industry Ministry said on Friday.The Indian delegation carried out the discussions…
New Delhi, April 24 (IANS) As India and New Zealand prepare to sign a Free Trade Agreement (FTA) on Monday, both sides are expected to benefit from expanded trade ties and improved market access, New Zealand Prime Minister Christopher Luxon has said.Taking to the social media platform X, Luxon said, “We will sign a Free Trade Agreement with India on Monday.”In a video message, Luxon said the agreement would improve market access for New Zealand exporters, particularly manufacturers of marine jet…