New Delhi, May 28 (IANS) Commerce and Industry Minister Piyush Goyal’s visit to Canada, which concluded on Thursday, marks the first real commercial test of the India-Canada reset that began during Prime Minister Mark Carney’s March 2026 visit to India, with the two countries trying to move the relationship back toward a more structured economic footing, according to an article in India Narrative.Goyal met Prime Minister Carney, International Trade Minister Maninder Sidhu, Foreign Minister A…
Latest Trade Agreement News & Updates
Ottawa, May 25 (IANS) Maninder Sidhu, Canada’s Minister of International Trade, said India and Canada are working towards a deal in Canada with the largest business delegation ever from India in history.During a joint statement by Piyush Goyal, Minister of Commerce and Industry and Maninder Sidhu, Sidhu warmly welcomed Minister Goyal, saying, “there’s a lot of excitement to do more with India in terms of our economic partnership.”He said he is hearing from the business communities across t…
Washington, May 25 (IANS) India and Canada are aiming to nearly double bilateral trade to $50 billion within the next five years as both countries push to reset economic ties and fast-track negotiations on a comprehensive trade pact, India’s High Commissioner to Canada, Dinesh K Patnaik, said in an exclusive interview to IANS.The comments come ahead of Union Commerce and Industry Minister Piyush Goyal’s visit to Canada from May 25–27, accompanied by one of the largest Indian business deleg…
New Delhi, May 24 (IANS) US President Donald Trump said on Sunday that he loves India and is a big fan of Prime Minister Narendra Modi, in a surprise live video call at an event in Delhi.Trump made the surprise call to an event marking the 250th anniversary of the US Declaration of Independence, where he spoke to the US Ambassador to India, Sergio Gor, and Marco Rubio, US Secretary of State and the acting National Security Advisor. External Affairs Minister (EAM) S. Jaishankar also attended the …
New Delhi, May 24 (IANS) India and the United States are close to finalising a long-awaited bilateral trade agreement that will be “beneficial”, “sustainable”, and aligned with the national interests of both countries, US Secretary of State Marco Rubio said on Sunday.He also underlined that the broader India-US strategic partnership continues to move in a positive direction despite trade-related differences witnessed over the past year.Rubio made the remarks after holding extensive talks with Ex…
New Delhi, May 18 (IANS) The US-Bangladesh trade deal “mirrors colonial economics much in the same way that the British exploited India during the pre-Independence era”, according to an article in the Bangladeshi media.The article in Dhaka’s The Daily Star points out that while the trade deal with the Trump administration allows Bangladesh’s garment exports to enter the US market at “zero duty”, it also makes it mandatory for Bangladesh to produce these goods with cotton and fibre imported fro…
New Delhi, May 13 (IANS) The Australian government will commit $25.3 million in the 2026-27 budget to strengthen bilateral economic, strategic and maritime relations with India amid the drastic change in the global geopolitical landscape following Donald Trump taking over as President of the United States.“The funding forms part of the next phase of Australia’s Comprehensive Strategic Partnership with India and is aimed at helping Australian businesses tap into India’s expanding market, se…
Washington, May 9 (IANS) South Korea and the United States have signed a memorandum of understanding (MOU) to advance bilateral shipbuilding cooperation, an agency of the U.S. Commerce Department said, as Seoul has committed to help revitalise the U.S. shipbuilding sector as part of a bilateral trade agreement.Park Jung-sung, deputy minister for trade at Seoul’s Ministry of Trade, Industry and Resources (MOTIR), and U.S. Under Secretary of Commerce for International Trade William Kimmitt inked t…
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 …
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…