Indian exporters of seafood, honey, and dairy have dodged a significant trade hurdle as New Delhi successfully secured continued market access to the European Union under the bloc's stringent new health safety framework, as per a statement released by the Ministry of Commerce & Industry.
"Till the Prime Minister's visit to China for the SCO Summit, comments from people around President Trump were very critical. But after the optics of the PM's meetings with President Putin and President Xi, the tone changed. President Trump began posting that India and PM Modi are great frie
He said the decision by the US administration to lower tariffs on Made in India goods reflects the strong leadership and effective diplomacy of Prime Minister Narendra Modi.
Memani noted that the United States, the world's largest economy, is also India's largest trading partner, with total Indian exports to the US estimated at around USD 80-90 billion annually. Of this, nearly 50-60 per cent, roughly USD 50 billion, comes from labour-intensive sectors such as g
The Indian US announced trade deal restores parity for Indian rice exports with key competing origins such as Thailand and Pakistan, giving a clear edge to Indian exporters in the US market, stated Indian Rice Exporters Federation (IREF) reacting positively to deal.
Congress MP Manish Tiwari on Tuesday questioned whether New Delhi has sacrificed its strategic autonomy to seal the trade deal with Washington, which would require India to divert its oil purchases from Russia to the US and "potentially" to Venezuela.
In response to the US tariffs on imports of Indian goods, Union Finance Minister Nirmala Sitharaman on Sunday proposed reducing the tariff rate on all dutiable goods imported for personal use from 20 per cent to 10 per cent.
The provisions -- a Rapid Response Mechanism and a Non-Violation Complaints (NVCs) clause -- are aimed at addressing the risks posed by the EU's expanding regulatory framework, which Indian exporters and service providers have increasingly flagged as a source of uncertainty and compliance
As part of the pact, the European Union will abolish tariffs on 9425 lines of Indian exports, unlocking preferential access valued at USD 75 billion. This move is expected to accelerate India's ambition to reach USD 300 billion in engineering exports by providing entry into a USD 2 trilli
Designed as modern, rules-based trade partnership, the FTA responds to contemporary global challenges while enabling deeper market integration between the world's 4th and 2nd largest economies.
India and the European Union are expected to formally announce a long-awaited trade agreement at the India-EU Summit on Tuesday, and this deal is projected to significantly expand bilateral trade and drive strong growth in Indian exports over the next decade, Deloitte India partner Gulzar Di