EU Commissioner for Trade and Economic Security, as well as Inter-Institutional Relations and Transparency, Maros Sefcovic met Union Minister of Commerce and Industry Piyush Goyal on Sunday after arriving in India.
He expressed gratitude following the meeting and spoke with certainty about
The European Union Generalised System of preferences (GSP) regulation impacts only 2.66% of India's exports to the European Union, underscoring the limited trade effect of EU's GSP Regulations 2025, effective from January 1 this year, according to an official from the Commerce Ministry.
From January 1, 2026, India faces a major setback in the EU market, as 87 per cent of its exports begin paying higher import tariffs following the EU's suspension of Generalised Scheme of Preferences (GSP) benefits. These GSP concessions previously allowed Indian products to ship at less
India is on track to cross USD 850 billion in total exports for the current financial year (FY 2025-26), driven by steady performance in both merchandise and services despite a challenging global economic climate.
India's overall exports in December 2025 stood at USD 74.01 billion, marginally lower than USD 74.77 billion in December 2024, while imports rose sharply to USD 80.94 billion from USD 76.23 billion a year ago, according to official data released by the Ministry of Commerce and Industry on Th
With US President Donald Trump "greenlighting" a bill that would impose 500 per cent tariffs on countries for buying Russian oil, GTRI said in a report on Thursday that any such tariff would effectively shut down India's goods and services exports to the United States, now exceeding USD 120
Despite tariffs remaining in place, India's exports to the United States have shown a pickup since September, while sectors that were expected to be hit harder by tariffs have not underperformed as sharply as those considered relatively insulated, according to a data based report by DSP Mutu
With 18 free trade agreements (FTAs) already signed and more likely in 2026, India's priority must now move from negotiating new deals to ensuring existing FTAs translate into real export gains, particularly in electronics, engineering and textiles, highlighted a report by the Global Trade R
India is unlikely to achieve the ambitious target of USD 1 trillion in exports of goods and services in FY26, with global slowdown and protectionism weighing on merchandise shipments, economic think tank Global Trade Research Initiative (GTRI) Founder Ajay Shrivastava told ANI on Wednesday.
The Department of Commerce concluded 2025 with significant growth in international trade and digital infrastructure, marking a year of record-breaking export figures and the finalization of major global trade deals. Union Minister of Commerce and Industry Piyush Goyal's year-end recap highli
India's exports to the US between May and November 2025 followed a clear two-phase pattern, first a sharp fall until September, followed by a partial recovery by November, according to an analysis by trade-focused think-tank Global Trade Research Initiative (GTRI).
India is engaging with countries where Halal certification for the export of meat and meat products is mandatory, Commerce and Industry Minister Piyush Goyal said on Friday.