Topic
agreement
Trade India Deposits Instrument of Acceptance for WTO Agreement on Fisheries Subsidies on 20 July 2026
India deposited its Instrument of Acceptance of the WTO Agreement on Fisheries Subsidies on 20 July 2026, becoming a party to the pact. The agreement, adopted in June 2022 and effective from September 2025, prohibits subsidies for illegal, unreported and unregulated fishing and for overfished stocks. It disciplines harmful subsidies for industrial fishing fleets, benefiting small-scale fishers in India, while aquaculture and inland fisheries remain outside its scope.
Trade India, EU Hopeful of Investment Protection Pact Before Year-End After TTC Meeting
Commerce Minister Piyush Goyal and EU Trade Commissioner Maros Sefcovic expressed hope that India and the European Union will conclude an investment protection agreement before the end of the year, following the third India-EU Trade and Technology Council meeting. Goyal also addressed EU steel measures, stating they were part of a balanced free trade agreement.
Trade US Eases Sanctions on Iranian Oil Exports as Talks Move Towards Final Peace Agreement
The US Treasury Department has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian crude oil, petroleum products, and petrochemicals, marking a significant sanctions relief measure. The move fulfills a commitment under a framework agreement reached last week as Washington and Tehran continue talks in Switzerland toward a final peace agreement.
Trade India-US trade deal enters final lap as ministerial talks to begin this week
India and the US are set to hold ministerial-level negotiations this week to finalise the first phase of their bilateral trade agreement (BTA). USTR Jamieson Greer will meet Commerce Minister Piyush Goyal in New Delhi, building on chief negotiator-level discussions held from June 2-4. The talks come as a US temporary 10% tariff expires on July 24, and amid ongoing Section 301 investigations that could impose 12.5% tariffs on Indian imports.
Trade India-EU Free Trade Agreement to Be Signed by December, Implemented from February-March Next Year: Piyush Goyal
Commerce Minister Piyush Goyal announced that the India-EU free trade agreement will be signed by December and implemented from February-March next year. The deal, described as the 'mother of all deals', will provide almost zero-duty access to the 27-nation EU bloc for Indian exports, while imports of luxury cars and wines from the EU will become less expensive. Negotiations concluded on January 27, and the second round of CEPA talks was held in May.
Trade How the 14-Point U.S.-Iran MOU Could Reshape Global Supply Chains
U.S. and Iranian leaders are set to sign a 14-point MOU on Friday in Switzerland, aiming to end fighting, reopen the Strait of Hormuz, and begin 60 days of final negotiations. The deal includes immediate ceasefire, U.S. naval blockade removal, Iran clearing mines, and Treasury waivers for Iranian oil exports. The Strait, which carried one-fifth of global oil supply, was closed earlier this year, causing price spikes and shipping delays. The MOU targets energy flows first and could lower fuel costs across supply chains.
Trade UK and Japan Agree £18bn Investment Deal Covering Infrastructure, Offshore Wind
The UK and Japan have agreed a multi-billion pound investment deal worth £18bn, with Japanese firms committing to spend over £9bn on UK infrastructure and financial services and up to £9bn on offshore wind. UK Prime Minister Sir Keir Starmer met Japanese Prime Minister Sanae Takaichi in London to finalise the agreement, which Downing Street said will create tens of thousands of jobs.
Trade India-Oman FTA Boosts Livestock Exports
The India-Oman Free Trade Agreement, effective June 2026, provides duty-free access to Indian livestock products, boosting exports to Oman. This strategic move enhances India's presence in the Gulf market.
Trade India-US Trade Pact Nears Completion: Ambassador Gor
The India-US trade pact is nearing completion, as announced by US Ambassador to India, Sergio Gor. The agreement aims to enhance cooperation in technology and pharmaceuticals, with significant investments expected.
Trade NECTAR and IHA Partner to Boost North-East Honey Trade
The North East Centre for Technology Application and Reach (NECTAR) and the India Honey Alliance (IHA) have signed a five-year MoU to enhance the honey and beekeeping sector in North-East India. This partnership aims to build a sustainable honey ecosystem, improve farmer incomes, and position the region as a premium honey producer.
Trade India, Canada Target November for Free Trade Agreement
India and Canada are negotiating a Comprehensive Economic Partnership Agreement (CEPA) with a target to finalize by November 2023. The agreement aims to triple bilateral trade to $50 billion by 2030, reducing trade barriers and opening investment opportunities.
Commodities Crude Oil Prices Drop 4% on US-Iran Deal Hopes
Crude oil prices fell over 4% as optimism grew around a potential US-Iran agreement that could reopen the Strait of Hormuz. This development has significant implications for global oil supply and market dynamics.