New Delhi, Feb 7 (IANS) As the United States and India finalised an interim trade agreement that reduces US tariffs on Indian goods to 18 per cent, Prime Minister Narendra Modi on Saturday hailed the development, calling it ‘great news’ for both nations. Taking to social media platform X, PM Modi said, “Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties betw…
Latest Trade Agreement News & Updates
New Delhi, Feb 5 (IANS) Agriculture Minister Shivraj Singh Chouhan on Thursday said the India-US trade agreement fully safeguards the country’s agricultural interests, particularly those of the farm and dairy sectors.Addressing the media here, Chouhan reiterated that India’s staple grains, fruits, major crops, millets, and dairy products remain completely secure and face no threat whatsoever.He emphasised that the interests of small and large farmers alike have been fully protected, and that t…
New Delhi, Feb 3 (IANS) Shiv Sena(UBT) MP Priyanka Chaturvedi on Tuesday offered a cautious assessment of the recently announced India-United States trade agreement, stating that while the deal marks a historic moment for the US, it may not be entirely beneficial for India in its present form.Reacting to the announcement, Chaturvedi said the agreement appeared to significantly favour the US, especially in terms of access to the Indian market.Speaking to IANS, she remarked, “From India, except …
New Delhi, Feb 3 (IANS) The landmark India-United States trade agreement, which lowers US tariffs on Indian goods to 18 per cent, has drawn widespread praise from leaders across the country on Tuesday, who described it as a major step forward for India’s manufacturing sector, exporters, MSMEs and youth.Uttar Pradesh Chief Minister hailed the development as a defining moment in bilateral economic ties.Posting on X, CM Yogi said on Tuesday, “A landmark moment for the India-US economic partners…
Bhubaneswar, Feb 3 (IANS) Odisha Chief Minister Mohan Charan Majhi on Tuesday congratulated Prime Minister Narendra Modi on the India-US trade deal and the reduction in the tariffs, describing the development as a historic advancement in the economic ties between the two countries.Taking to his X handle, CM Majhi wrote, “A historic advancement in India-United States economic relations, setting a strong foundation for deeper cooperation and shared prosperity.”CM Majhi further added that the US ta…
New Delhi, Jan 30 (IANS) The India-European Union free trade agreement (FTA) reflects a shared assessment that “more is at stake than trade alone” and signalled openness on negotiated terms in an era of “weaponised interdependence”, a report has said.The report from Euronews said the deal goes far beyond tariffs when “great powers are increasingly weaponising tariffs and exploiting supply-chain dependencies”.The agreement reflects the logic that “middle powers must build resilience together with…
New Delhi, Jan 29 (IANS) Commerce and Industry Minister Piyush Goyal has strongly countered the Congress’ criticism of the India-European Union free trade agreement, asserting that the deal is not a zero-sum pact but a mutually beneficial one that will fuel India’s economic growth and open up large opportunities for businesses and citizens. The Congress party had earlier raised objections after the India-EU free trade agreement was finalised, questioning the Modi government’s handling of n…
New Delhi, Jan 28 (IANS) The India–European Union Free Trade Agreement signed under the leadership of Prime Minister Narendra Modi marks a major milestone for India’s gems and jewellery export sector and is expected to significantly strengthen the industry’s presence in European markets, an industry leader said on Wednesday.Speaking to IANS, ACPL Exports SEZ Director Rohit Gupta said the agreement will give Indian gems and jewellery exporters greater confidence and competitiveness in Europ…
New Delhi, Jan 28 (IANS) The tariff turmoil unleashed by US President Donald Trump as part of his “America First” trade policy has been an important factor in speeding up the historic free trade agreement just concluded between India and the European Union, according to reports in the western media.”Concluded after nearly two decades of on-again, off-again negotiations, the pact unites two of the world’s largest markets in a free trade zone of about two billion people, roughly a quarter of glo…
New Delhi, Jan 28 (IANS) The free trade agreement (FTA) between India and the European Union (EU) unlocks access to the $572.3 billion EU pharmaceuticals and medical devices market, giving impetus to the Indian pharmaceuticals sector, according to the government.According to the Ministry of Chemicals and Fertilizers, this would enable pharma industries to scale, generate employment, and reinforce India’s positioning as a reliable partner in the pharmaceuticals sector underlining its growing st…