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…
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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…
Washington, April 23 (IANS) India remains one of the most challenging markets for US trade negotiators, US Trade Representative Jamieson Greer told lawmakers, underscoring persistent barriers in agriculture and market access even as both countries work towards a trade framework.“India is a tough nut to crack,” Greer said during a House Ways and Means Committee hearing, noting that New Delhi has “protected their agricultural markets for a very long time.”His remarks came in response to qu…
Washington, April 23 (IANS) US Trade Representative Jamieson Greer mounted a strong defence of the Trump administration’s trade policy, telling lawmakers that tariffs and aggressive negotiations were beginning to deliver tangible gains for American workers and industry.Appearing before the House Ways and Means Committee, Greer said the administration’s approach marked a decisive break from past policies that, in his view, encouraged offshoring and weakened domestic manufacturing.“We’re exp…
New Delhi, April 19 (IANS) A team of around a dozen Indian officials is set to arrive in Washington, D.C. on April 20 for a three-day round of negotiations with US authorities, marking the next step in discussions on the first phase of a proposed bilateral trade agreement (BTA). The talks, scheduled from April 20 to 22, will be led by India’s chief negotiator Darpan Jain, an additional secretary in the Department of Commerce, along with representatives from the customs department and the exter…
Washington, April 17 (IANS) The United States is seeking a “managed” and more balanced trade relationship with China, with US Trade Representative Jamieson Greer telling lawmakers that Washington aims to reduce dependence on Beijing while avoiding escalation between the two economic powers. Testifying before a congressional panel, Greer said the Trump administration’s tariff strategy has already begun reshaping trade flows, particularly with China, which remains central to US economic a…
Washington, April 17 (IANS) The United States has identified tariff barriers in India as a key priority in ongoing trade negotiations, with US Trade Representative Jamieson Greer telling lawmakers that Washington is pressing for improved market access for American exports.Speaking at a congressional hearing on the fiscal 2027 budget for his office, Greer said the US has been engaged with India for over a year to finalise a reciprocal trade framework, with agriculture emerging as a central point …
Washington, April 14 (IANS) The global economy has taken a hit from the ongoing conflict in the Middle East, with growth projections lowered despite strong underlying momentum driven by technology investment and private sector resilience, the International Monetary Fund (IMF) said Tuesday.Speaking during a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has reversed earlier expectations of a mod…
Bogota, April 11 (IANS) Colombia’s trade ministry said that it will raise tariffs on imports from neighboring Ecuador to 100 per cent from 30 per cent, matching a decision made a day earlier by Quito, as tensions between the two countries escalate.Trade Minister Diana Morales said on Friday in a statement that Ecuador’s latest tariff hike from 50 per cent to 100 per cent forced Colombia to align its policy, accusing the Quito move of distorting competition and harming domestic producers of both …
Washington, April 8 (IANS) US President Donald Trump on Wednesday announced what he called a “very productive regime change” in Iran, saying the US would eliminate uranium enrichment and work to dig up and remove deeply buried nuclear “dust”. In a series of posts, Trump outlined a framework that combined nuclear restrictions, sanctions relief and sharp trade penalties.“The United States will work closely with Iran, which we have determined has gone through what will be a very productiv…