The UK's exit from the EU has enabled it to forge new trade relationships, and the India-UK FTA is a significant step in this direction. This agreement reduces the UK's reliance on EU trade and strengthens economic ties with a rapidly growing economy, such as India.
Britain's Prime Minister Keir Starmer stood with his business delegation before departing from London Heathrow Airport as they headed to India to meet with Prime Minister Narendra Modi and promote the recently signed trade deal.
European Commission President Ursula von der Leyen faces two no-confidence motions from the far right and far left over trade deals and governance issues. Though expected to fail, the motions highlight growing political divisions in the EU, Euro News reported.
In an X post, the Union Minister said the agreement's enforcement would unlock new opportunities for trade, investment, and job creation, benefiting Indian businesses and citizens alike.
The Reserve Bank of India (RBI) is expected to maintain the policy rate unchanged in the current Monetary Policy Committee (MPC) meeting, with a rate cut of 25 basis points (bps) being seen as a positive surprise, according to Bank of Baroda Economist Sonal Badhan.
A high-level Indian delegation, led by Commerce and Industry Minister Piyush Goyal, is engaged in a series of productive discussions aimed at strengthening bilateral trade and investment ties between the two nations, the Commerce and Industry Ministry said on Friday in a statement.
South Asia analyst Michael Kugelman has highlighted the importance of trade talks between India and the United States, stating that a potential trade deal could serve as a major confidence-building measure and help stabilise the bilateral relationship while easing tensions.
Days after positive discussions were held on various aspects of the trade deal during Assistant US Trade Representative Brendan Lynch's visit to India, a delegation led by Commerce and Industries Minister Piyush Goyal is visiting the United States for meetings with the US side.
"As of now, we are at an advanced stage of dialogue with Oman (on FTA), which should conclude soon. Some of the other countries have expressed an interest. Surely we are open to free trade agreements with other GCC (Gulf Cooperation Council) countries," Goyal said.
MEA highlighted that the "discussions have been positive and forward-looking, covering various aspects of the trade deal, adding that it was also decided to "intensify efforts to achieve an early conclusion of a mutually beneficial Trade Agreement."
Indian stock benchmarks witnessed yet another day of gains, supported by a host of factors that include the recent GST reforms, intensification of efforts for the India-US trade deal, and moderate inflation, among others.
Assistant US Trade Representative Brendan Lynch had a positive meeting with his counterpart, Ministry of Commerce and Industry Special Secretary Rajesh Agrawal, on Tuesday to discuss next steps in bilateral trade negotiations, with the two sides deciding to intensify efforts to achieve early