New Delhi, May 5 (IANS) India and Canada began the second round of negotiations for a bilateral free trade agreement, with the two sides aiming to seal the deal by year-end. The five-day talks in New Delhi come on Monday ahead of the Commerce and Industry Minister Piyush Goyal’s scheduled visit to Canada at the end of this month to accelerate the momentum of the economic engagement as the two countries target increasing bilateral trade to $50 billion by 2030. “The attempt is to fast-track talks …
Latest Trade Agreement News & Updates
New Delhi, May 4 (IANS) The India‑New Zealand free trade agreement sets a bilateral trade target of $5 billion over five years and will act as a gateway to Oceania positioning India as a primary partner in the Pacific region, a report said on Monday.The report from Brickwork Ratings said the pact also envisages $20 billion of foreign direct investment into India over 15 years and that near‑term FDI will reportedly target pharmaceuticals, agri‑tech and education.Emerging technologies and gr…
Brussels, May 2 (IANS) The European Union (EU) will “keep options open” to protect its interests if the United States takes measures inconsistent with the joint statement between the two sides signed last year on reciprocal, fair and balanced trade, a European Commission spokesperson told Xinhua.”We remain fully committed to a predictable, mutually beneficial transatlantic relationship. Should the US take measures inconsistent with the Joint Statement, we will keep our options open to protect EU…
New Delhi, April 28 (IANS) New Zealand Trade and Investment Minister Todd McClay has said that the India-New Zealand FTA serves as a beacon a bright light that shows how negotiating high-quality agreements and honouring commitments can help economies grow, which ultimately benefits our citizens.McClay, in an exclusive interview to IANS, said that the benefit of the proposed deal is fruitful for commoners of both countries.Here are the full excerpts of the interview:IANS: When will the India–Ne…
New Delhi, April 27 (IANS) New Zealand Trade and Investment Minister Todd McClay said on Monday that there is no question that the strong leadership of Prime Ministers Narendra Modi and Chris Luxon helped achieve the free trade deal in a record time of nine months.McClay, in an exclusive interview to IANS, said that Prime Minister Modi and Prime Minister Luxon have developed a friendly relationship through meetings around the world. Last year, Prime Minister Luxon visited India with the largest …
New Delhi, April 27 (IANS) Commerce and Industry Minister Piyush Goyal on Monday said that he was looking forward to unlocking the full potential of the India-New Zealand FTA to create new opportunities for businesses in both countries, strengthen value chains, and further deepen the bilateral economic partnership.Addressing the India-New Zealand Business Forum here along with his New Zealand counterpart, Todd McClay, the minister highlighted how India’s vast market, skilled talent, digital capa…
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 23 (IANS) Commerce and Industry Minister Piyush Goyal said on Thursday that the India–South Korea free trade agreement (FTA), signed in 2009 and brought into effect in 2010 during the Congress-led UPA II government, is the result of a poorly negotiated, imbalanced agreement tilted against India.“Since then, bilateral merchandise trade between the two countries has increased by 92.7 per cent, with India’s imports rising by 103.7 per cent, clearly not favouring India. Thus, …
New Delhi, April 22 (IANS) Canada’s move to deepen trade ties with China could pose risks to its economic security and strain relations with the United States, a report has said.Former Canadian diplomat Michael Kovrig warned Ottawa’s evolving China strategy as a ‘risky play’ that may not be viewed favourably in Washington and could complicate ongoing trade discussions with its largest partner, according to the report in Global News.”The basic problem is that China is not a solution to most o…