Seoul, Feb 8 (IANS) The prime minister held talks with key ruling Democratic Party (DP) lawmakers and the presidential chief of staff on Sunday to discuss a special bill on implementing South Korea’s investment pledges to the United States and other pending issues, officials said.The meeting, held at the residence of the prime minister, came as rival political parties agreed last week to establish a special committee to handle the investment bill amid U.S. President Donald Trump’s tariff hike th…
Latest Trade Deal News & Updates
New Delhi, Feb 8 (IANS) Calling it a major boost to bilateral ties, Bihar BJP State President Sanjay Saraogi on Sunday said the India-US Interim Trade Agreement marks a new chapter in economic cooperation between the two nations. Reacting to the development, Saraogi said, “The India-US interim trade agreement gives a new direction to economic cooperation between the two countries. This agreement will strengthen trade, investment, technology, and supply chains, helping India achieve its Viksit …
New Delhi, Feb 7 (IANS) When US President Donald Trump officially confirmed the much-awaited bilateral trade deal, immediately reducing American tariffs on Indian goods from 25 to 18 per cent, and Prime Minister Narendra Modi corroborated, there was a mixed reaction. And Saturday, even before India woke up, the news had broken of an US-India Joint Statement announcing an Interim Agreement.The framework will lead to the broader US-India Bilateral Trade Agreement (BTA) negotiations, launched by Pr…
New Delhi, Feb 7 (IANS) As the United States and India unveiled an interim trade framework aimed at reducing tariffs and enhancing bilateral economic ties, farmers across the country on Saturday welcomed the development, saying it will prove beneficial for the farm sector. They said the agreement could strengthen farmers’ livelihoods and improve conditions in rural areas. IANS spoke to farmers in Gujarat, Uttar Pradesh and Rajasthan, who expressed optimism over the impact of the trade framewor…
New Delhi, Feb 7 (IANS) Commerce and Industry Minister Piyush Goyal said on Saturday that the farmers’ interests remain paramount and no concessions have been extended to sensitive agricultural sector produce in grains, fruits, vegetables, spices, oilseeds, dairy, poultry and meat, among others.Replying to a question from IANS during a press meet here, Goyal said the country has secured preferential access for Indian goods through the India-US Interim Agreement framework.“There has been no com…
New Delhi, Feb 7 (IANS) India has safeguarded the sensitivities of its agriculture and animal husbandry sectors in the interim US trade deal, Finance Minister Nirmala Sitharaman said on Saturday.As part of the interim trade deal framework, the US will slash reciprocal tariffs on Indian goods to 18 per cent, providing a huge market opportunity in key sectors such as textiles and apparel, leather and footwear, plastic and rubber products, organic chemicals, home decor, artisanal products, and sele…
Washington, Feb 7 (IANS) The United States and India announced a framework for an Interim Agreement on reciprocal, mutually beneficial trade, a step aimed at advancing talks toward a broader bilateral trade pact, as the White House formally announced to reduce the tariff on imports of Indian products from 25 per cent to 18 per cent.According to a joint statement, the framework reaffirms both sides’ commitment to negotiations on a US-India Bilateral Trade Agreement. Those talks were launched by P…
New Delhi, Feb 5 (IANS) India on Thursday rejected a Bloomberg report which had claimed that a meeting between National Security Advisor (NSA) Ajit Doval and US Secretary of State Marco Rubio had taken place last year amid stalled trade talks between the two countries. The report had claimed further that it was conveyed to Washington that New Delhi was ready to wait until the end of US President Donald Trump’s term to finalise a trade deal. “There is absolutely no basis for that report. No such …
New Delhi, Feb 5 (IANS) Union Agriculture and Farmers’ Welfare Minister Shivraj Singh Chouhan on Thursday asserted that the India–US trade agreement fully safeguards the interests of Indian growers, rejecting Opposition claims that the agriculture sector has been compromised. Describing the deal as a balanced outcome rooted in diplomacy, development and national dignity, Chouhan said tariff rationalisation would expand export opportunities for Indian produce while keeping domestic markets prot…
Baramati, Feb 4 (IANS) Nationalist Congress Party-Sharadchandra Pawar (NCP-SP) President Sharad Pawar on Wednesday expressed concerns that the new trade agreement between India and the US could adversely affect Indian farmers and the agricultural sector in the near future.While the detailed draft of the India-US trade deal is yet to be fully disclosed, Pawar stated during a press conference that the information currently available is a cause for concern for Indian farmers.During the press confer…