"Similarly, Vietnam also has a duty-free free trade agreement with the European Union, due to which it gets benefited. While doing trade with European Union, our garments for exports get taxed 9-10 per cent," the minister said. He added because of this, Bangladesh and Vietnam get the bene
Piyush Goyal said that textile is a sector where margins of 5 per cent are very important to become competitive, adding, "With the Free Trade Agreement (FTA) with countries we are insisting that we get duty-free access for Indian textiles. Both in UAE and Australia textile sector assures me
Union Commerce and Industry Minister Piyush Goyal on Tuesday held a meeting with UK Secretary of State for International Trade Kemi Badenoch in New Delhi to discuss India-UK free-trade agreement (FTA) negotiations.
Badenoch, who begins her India visit on Monday, is scheduled to address both teams of negotiators teams before the sixth round of talks begins. The negotiations will take place throughout the week.
Badenoch's visit marks the sixth round of formal negotiations between UK and India. The goal of strengthening bilateral ties and reviving talks on an ambitious bilateral trade deal between the two nations, according to an official statement.
Some of the steps include creating/enhancing of domestic capacity, incentivising domestic manufacturing through Production-Linked Incentive (PLI) schemes, phased manufacturing plans, timely use of trade remedy options, adoption of mandatory technical standards, enforcement of free trade agre
Australia's zero import duty access to India, which was earlier 5 per cent, will provide a level-playing field with exports from China, Vietnam and Bangladesh, the Ratings agency said on Thursday.
During the bilaterals held in New Delhi between EAM Jaishankar and German Foreign Minister Annalena Baerbock, the two sides welcomed the resumption of negotiations on the India-European Union (EU) Free Trade Agreement, Investment Protection Agreement and the Agreement on Geographical Indi
India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) will enter into force on December 29 paving the way for the elimination of duties on 100 per cent tariff lines and creating additional 10 lakh jobs in India.
This announcement comes a week after Australian Prime Minister Anthony Albanese said that country's Free Trade Agreement (FTA) with India has passed through its Parliament.