Commerce and Industry Minister Piyush Goyal will be visiting Brussels later this week. He will discuss India-EU trade, progress in the Free Trade Agreement (FTA) and other issues with new EU Trade Commissioner Valdis Dombrovskis, as per sources.
ndia has bilateral trade agreements, including Trade in Services, with Singapore, South Korea, Japan, Malaysia, Mauritius, UAE, Australia and an FTA in services and investment with the Association of South East Asian Nations
Union Minister of Commerce and Industry Piyush Goyal reaffirmed India's commitment to forging a balanced, ambitious, and mutually beneficial Free Trade Agreement (FTA) with the European Union (EU) during an interaction with Ambassadors from the European Commission delegation and member state
Highlighting the rationale behind this cautious stance, Jaishankar said, "Modi govt has been very cautious on FTA for two reasons. Number one, weighing the experiences and the results of previous and number two, our concern for the impact of FTAs on MSMEs."
Jaishankar said that the government tries to keep farmers' and MSMEs' (Micro, Small and Medium Enterprises) interests while negotiating the terms of FTAs
The Federal Tax Authority (FTA) has called on businesses subject to Corporate Tax to file their returns and pay their dues for their respective tax periods within the stipulated legal timeframes.
Following a bilateral meeting with Prime Minister Narendra Modi on the sidelines of G20 Summit in Brazil, British Prime Minister Keir Starmer announced the relaunch of FTA talks between United Kingdom and India in 2025
Following a bilateral meeting with Prime Minister Narendra Modi on the sidelines of G20 Summit in Brazil, British Prime Minister Keir Starmer announced the relaunch of FTA talks between United Kingdom and India in 2025.
India needs to develop about 300 million tons of steel capacity by 2030, which is at present at 100 and 80 million tons at present, said Sandeep Poundrik, Steel Secretary to the government of India.
Department of Commerce has welcomed the announcement to resume the Free Trade Agreement (FTA) talks between India and UK in early 2025, an official release stated on Wednesday.