Latest Trade Relations News & Updates

New Delhi, May 23 (IANS) Commerce and Industry Minister Piyush Goyal will visit Canada from May ​25-27 with a delegation ‌of nearly 150 industry leaders to boost bilateral economic and ⁠trade ties, it was announced on Saturday.India and Canada aim to ⁠reach $50 billion in bilateral trade over the next ⁠five years.In a news briefing, Goyal said India expects to sign a free ​trade agreement (FTA) with ‌Canada, covering sectors such as energy and critical minerals. The discussion woul…

New Delhi, May 22 (IANS) The Federation of Indian Export Organisations (FIEO) on Friday said it sees the upcoming visit of Commerce and Industry Minister Piyush Goyal to Canada as an important step towards strengthening bilateral economic and trade relations between the two countries.The visit from May 25–27 assumes significance at a time when India and Canada are actively working towards reviving negotiations on the proposed Comprehensive Economic Partnership Agreement (CEPA), with an ambitio…

Oslo, May 18 (IANS) The Indian community in Norway gave a warm welcome to Prime Minister Narendra Modi as he arrived in Oslo for a State visit. PM Modi greeted the members of the Indian diaspora as people gathered to welcome him, carrying Indian flags, with the chants of ‘Modi Modi’.The Prime Minister witnessed a cultural and musical performance and also interacted with girls who performed Bharatnatyam to welcome him.Earlier in the day, PM Modi was welcomed by his Norwegian counterpart Jonas Gah…

New Delhi, May 11 (IANS) The Donald Trump administration is committed to increasing trade and investment relations with India, said US Ambassador to India, Sergio Gor, here on Monday.Speaking at the CII ‘Annual Business Summit 2026’ in the national capital, he highlighted the growing strength of US-India economic ties.”We’re committed to expanding opportunities for trade, reducing regulatory barriers, and encouraging Indian businesses to invest in the United States for the benefit of both our …

Washington, May 8 (IANS) Brazilian President Luiz Inacio Lula da Silva said that he urged US President Donald Trump to pursue dialogue with Iran and handed him a copy of a 2010 nuclear agreement brokered by Brazil and Turkey, as the two leaders concluded a closed-door White House meeting focused on trade, tariffs and global conflicts.Speaking later at the Brazilian Embassy in Washington on Thursday, Lula said he told Trump that “dialogue” was more effective than war and warned that military …

New York, May 1 (IANS) US President Donald Trump announced that he will remove tariffs on Scottish whisky to celebrate the connection between the United States and Britain as King Charles III winds up his four-day visit to the United States.”In Honor of the King and Queen of the United Kingdom … I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland’s ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon, two very important Industries within Sc…

Jaipur, April 28 (IANS) The Indo-American Chamber of Commerce launched its Rajasthan Chapter on Tuesday in Jaipur, to strengthen Indo-United States trade and investment ties at the state level and create a platform for deeper business collaboration, policy dialogue, and global partnerships. Addressing the launch ceremony, Bhasin, the National Past President of the Indo-American Chamber of Commerce, emphasised the need to accurately project India’s strengths on the global stage.He urged that In…

New Delhi, April 27 (IANS) Leading business chamber Assocham on Monday signed a Memorandum of Understanding (MoU) with the India-New Zealand Business Council (INZBC) to develop a structured plan of action to facilitate and formalise industry-led initiatives under the India–New Zealand FTA and to ensure that businesses on both sides can effectively leverage the opportunities arising from the agreement.Strengthening connectivity and human links will be central to unlocking the full potential of …

New Delhi, April 13 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that India and Oman have discussed unlocking opportunities under the proposed CEPA to boost bilateral trade and investment ties for the mutual growth of both nations.The minister shared details of his telephonic conversation with Oman’s Minister of Commerce, Industry and Investment Promotion, Anwar bin Hilal bin Hamdoun Al Jabri, stating that both sides explored ways to deepen economic engagement betwee…

Washington, March 31 (IANS) US Trade Representative Jamieson Greer said on Tuesday that the US is largely shielded from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies. “Right now, I think the thing to understand is that the United States is generally insulated from a lot of the supply chain effects when it comes to… direct commodities,” Greer told Bloomberg in an interview, noting reliance on “domestic sourcing” …