Seoul, March 20 (IANS) The Ministry of Trade, Industry and Resources launched on Friday a joint task force with private industries to coordinate responses to the United States’ trade investigations into South Korea over structural excess capacity and forced labour, officials said.Earlier this month, the office of the U.S. Trade Representative (USTR) launched consecutive trade inquiries into South Korea and other major economies to uncover what it calls “unfair” trade practices related to structu…
Latest Trade Agreement News & Updates
New Delhi, March 10 (IANS) The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) has completed two years since its signing, with the government on Tuesday highlighted that the pact is strengthening cooperation in trade, investment, services and technology.The agreement, which came into effect on October 1, 2025, is expected to deepen India’s economic ties with the EFTA member countries — Iceland, Liechtenstein, Norway and Switzerland …
New Delhi, March 5 (IANS) The pressure tactics of the Donald Trump administration have triggered a change in what was a strengthening India-US relationship, according to an article in a prestigious journal.Indian leaders initially assumed the United States would prioritise their partnership as part of a larger plan to compete with China, but this did not happen, which has forced New Delhi to look for alternative partnerships, according to the article in Foreign Affairs magazine.The article consi…
New Delhi, March 4 (IANS) The successful conclusion of the negotiations on the EU-India Free Trade Agreement (FTA) comes against the backdrop of the dramatic shift in the global strategic environment, which led to a stepping up of efforts by the two sides to recalibrate the bilateral economic partnership, according to an article published by the European Policy Centre (EPC).”The EU has recently pushed to diversify its trade partnerships with unprecedented determination. In Brussels, policymakers…
Washington, March 4 (IANS) US President Donald Trump and German Chancellor Friedrich Merz held talks at the White House, focusing on the conflict with Iran, transatlantic trade issues, and the war in Ukraine, as the two leaders stressed close coordination during what Merz described as “challenging times.”Welcoming the German leader to the Oval Office, Trump said the two countries shared a strong relationship and would discuss both security and economic issues. The meeting is significant beca…
New Delhi, March 2 (IANS) The recently concluded free trade agreement between India and the European Union is creating concern in Pakistan, where industry leaders fear it could hurt the country’s textile sector and threaten millions of jobs, a report has said.The India-EU Free Trade Agreement was announced on January 27 after negotiations concluded between New Delhi and the European Union.The deal is now under legal review before it is formally signed and is expected to come into effect next y…
Jerusalem, Feb 28 (IANS) India’s Ambassador to Israel, J.P. Singh on Saturday described Prime Minister Narendra Modi’s two-day visit to the country as ‘historic’ in every sense, saying the Israeli people welcomed him warmly and celebrated the occasion like a festival. Speaking to IANS exclusively, Ambassador Singh said the visit marked a significant milestone in India-Israel relations, with both nations elevating their ties and signing 16 agreements across key sectors.“The two-day visit of…
New Delhi, Feb 27 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that India would go in for a rebalancing of the proposed trade agreement with the United States, if required, to protect its interests, in view of the changed situation following the US Supreme Court annulling the tariff hikes announced earlier by the Donald Trump administration.”Given the evolving situation on US tariffs, we will wait and watch and ensure India’s best interests are protected,” Goyal said at a …
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 …
New Delhi, Feb 19 (IANS) India’s recent interim trade agreement with the United States, which resulted in a reduction in US tariffs, is being increasingly seen worldwide as reflecting New Delhi’s strategic autonomy in taking decisions that are in national interest.“India’s response, which is seemingly rooted in a deliberate policy of strategic autonomy, reveals a pragmatic approach that prioritises national interest without surrender, as many pundits had suggested,” according to an art…