Topic
bilateral trade
Trade Kazakhstan Eyes Stronger Trade Ties with West Bengal Across Multiple Sectors
Kazakhstan is looking to expand trade and investment ties with India's West Bengal state, according to a report. At an interactive session organized by the Merchants' Chamber of Commerce & Industry (MCCI), Kazakh representative Azamat highlighted sectors such as pharmaceuticals, mining, energy, and manufacturing for cooperation. Trade between the two countries remains below potential despite Kazakhstan's abundant resources.
Trade India, Israel Conclude Second Round of Free Trade Agreement Negotiations in New Delhi
The second round of negotiations for the India-Israel free trade agreement concluded in New Delhi from July 20-23, 2025. Officials discussed trade in goods and services, rules of origin, technical barriers, intellectual property rights, and customs procedures. Total bilateral merchandise trade was USD 3.93 billion in 2025-26, according to an official statement from India's Commerce Ministry.
Trade US-India trade deal could be signed in 3-4 months, US official says at ASEAN meet
A US official speaking at the ASEAN Foreign Ministers' meeting in Manila said the US-India trade deal could be signed in 3-4 months, with the Section 301 investigations being the final outstanding step. The official stated the deal is essentially complete. Separately, President Trump announced a phased tariff on generic drug imports, starting tariff-free for two years, then escalating to 100% and 200%, directly affecting India's $9.7 billion pharmaceutical exports to the US.
Trade India-UK Trade Pact Comes Into Force: Gold Standard FTA Brings Zero Duties on 99% of Indian Goods
The India-UK Comprehensive Economic and Trade Agreement (CETA) and a Social Security Agreement came into force on July 15, 2026. The pact eliminates UK duties on 99% of Indian goods from Day One and includes provisions on government procurement, intellectual property, and social security contributions for Indian professionals. Both countries aim to boost bilateral trade to $100 billion by 2030.
Trade India-UK Trade Pact Comes into Force on Wednesday; Bilateral Trade to Hit USD 100 bn by 2030
The India-UK comprehensive economic and trade agreement comes into force on July 15, 2026. Bilateral trade in goods and services is currently about USD 55-60 billion, with a target of USD 100 billion in 3-4 years. Key features include zero-duty entry for Indian textiles, leather, footwear, gems and jewellery and plastics; stringent rules of origin for silver imports; and the Double Contribution Convention benefiting over 75,000 Indian workers.
Trade India-US Trade Deal Framework ‘Ready’ for Signing at ‘Right Time’, Says Official
An Indian official announced that the framework for the India-US trade deal is ready and will be signed at an appropriate time. Negotiations for a bilateral trade agreement are progressing. India is seeking a tariff structure that provides a comparative advantage. Separately, the USTR proposed Section 301 tariffs of up to 12.5% on India and other economies.
Trade India-Latin America Trade to Reach USD 100 Billion by 2030 from USD 50 Billion: Uruguay Ambassador
Uruguay Ambassador Alberto Antonio Guani Amarilla announced that trade between India and Latin America is expected to double to USD 100 billion by 2030 from the current USD 50 billion. Speaking at the LAC FIRST conference in New Delhi, he highlighted the need to expand the India-Mercosur Preferential Trade Agreement from 450 to 3,000 products as a step toward a free trade agreement, with key sectors including minerals, agro-industries, and pharmaceuticals.
Trade Russia and India Work on Increasing Bilateral Trade Volumes, Kremlin Spokesman Says
Kremlin spokesman Dmitry Peskov announced that Russia and India are actively working to increase bilateral trade volumes, noting a steady upward trend. The two countries have set a target of $100 billion in bilateral trade by 2030, established during President Vladimir Putin's visit to India in December 2025. Peskov praised India's economic growth and Prime Minister Narendra Modi's leadership.
Trade Political Will Driving India-US Trade Deal, Says Former Diplomat Vidya Bhushan Soni
Former diplomat Vidya Bhushan Soni stated that strong political will is driving the India-US trade negotiating process, with the February 2025 agreement serving as a turning point. The statement came as India and the United States concluded a two-day ministerial-level round on the Bilateral Trade Agreement, aiming for an interim pact ahead of a US tariff deadline. USTR Jamieson Greer and Commerce Minister Piyush Goyal both expressed optimism about the relationship.
Trade Five Times India and US Trade Talks Stalled but Eventually Found Common Ground
The June 24 trade talks in New Delhi between US Trade Representative Jamieson Greer and Commerce Minister Piyush Goyal ended without a breakthrough. However, history shows that India and the United States have repeatedly resolved sharp disagreements on intellectual property, food security, and tariffs through sustained diplomacy.
Trade India-UK FTA Must Drive Transformational Growth, Not Just Higher Trade: Piyush Goyal
Commerce Minister Piyush Goyal called on Indian and British businesses to pursue transformational growth beyond incremental gains from the India-UK Free Trade Agreement, effective July 15. He highlighted the Double Contribution Convention's benefits for temporary workers and criticised global rating agencies for unfair assessments of India.
Trade Piyush Goyal Urges Businesses to 'Seize the Moment' as India-UK Trade Pact Unlocks 'Floodgates'
Indian Commerce Minister Piyush Goyal, during a three-day visit to the UK, said the recently signed Comprehensive Economic and Trade Agreement (CETA) will unlock 'floodgates' for business. He was accompanied by the largest-ever Indian business delegation of nearly 170 representatives. On US bilateral talks, Goyal noted broad agreement except on India's comparative advantage over ASEAN competitors.
Trade India-Greece discuss stronger trade, investment and supply chain cooperation: Piyush Goyal
Union Commerce Minister Piyush Goyal held productive meetings with Greece's Development Minister Takis Theodorikakos and Deputy Foreign Minister Haris Theoharis to strengthen bilateral economic ties. Discussions covered trade, investment, industrial cooperation, resilient supply chains, manufacturing, startups, and emerging technologies. Bilateral trade grew from USD 689.33 million in FY21 to USD 1,682.26 million in FY25.
Trade 'It's in last 1 or 2%': US envoy Sergio Gor says India-US trade pact near finish line
US Ambassador to India Sergio Gor announced at the USISPF Leadership Summit 2026 that the India-US trade pact is 98-99% complete after an 18-month negotiation. Despite a Supreme Court intervention, US Trade Representative Jamieson Lee Greer's visit to New Delhi salvaged momentum. Gor also highlighted $20.5 billion in new US investments facilitated by the embassy and the highest level of defense cooperation between the two nations.
Trade Sunil Bharti Mittal Hopeful of India-US Trade Deal in Coming Weeks at USISPF Summit
Sunil Bharti Mittal, speaking at the US-India Strategic Partnership Forum (USISPF) IX Leadership Summit, expressed confidence that India and the United States will finalize a trade deal in the coming weeks. Mittal, honored with the 2026 Leadership Award, directly addressed US Secretary of Commerce Howard Lutnick and underscored the industry's anticipation for the pact. He also highlighted the nearly five-million-strong Indian diaspora as a key pillar of bilateral cooperation.
Trade US trade deal to be on day India secures tariff edge, says Piyush Goyal
India's Commerce Minister Piyush Goyal announced that the US trade deal is nearly complete and hinges on India securing a competitive tariff edge. Meanwhile, the India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force on July 15.
Trade EU–US goods trade hits record €875 billion despite tariffs: Study
Trade in goods between the EU and US hit a record €875 billion last year, but a German Economic Institute study warns that front-loading ahead of tariff increases masked a 20.4% drop in EU auto exports to the US. Germany's automotive sector faced an 18.9% decline, while Ireland's exports surged 52.7% on tariff-exempt pharma products.
Trade India and Russia set $50 billion investment target by 2030, focus on green hydrogen and critical minerals
India and Russia have set a $50 billion bilateral investment target by 2030. The India-Russia Joint Working Group on Priority Investment Projects met in Moscow, agreeing to promote joint ventures in advanced manufacturing, green hydrogen, energy storage, metallurgy, mining, critical minerals, and emerging technologies.
Trade India-Japan Trade: PM Modi, Japanese PM Takaichi Sign MoC Including $10 Billion Investment and AI Boost
India and Japan signed a Memorandum of Cooperation at the 16th India-Japan Annual Summit in New Delhi, with over $10 billion in Japanese investment committed through 120 new business agreements. The two leaders also announced a joint statement on artificial intelligence and a first joint defence co-development project, the Naval Radio Antenna 'Unicorn'. Agreements in pharmaceuticals, medical devices, and biotechnology were also signed.
Trade Piyush Goyal Leads Business Delegation to Greece to Boost Trade and Startup Ties
Commerce Minister Piyush Goyal is leading a business delegation to Greece to boost bilateral trade, investment and startup partnerships. The visit includes presentations at The Athens Startup Business Incubator and high-level business interactions. Bilateral trade stood at $1.28 billion in FY2025-26 with India enjoying a trade surplus of $845.97 million.
Trade India, US Move Closer to Interim Trade Deal After Goyal-Greer Talks in New Delhi
US Trade Representative Jamieson Greer concluded a three-day visit to New Delhi on Wednesday, holding discussions with Commerce and Industry Minister Piyush Goyal. The two sides reviewed key elements of a proposed interim trade deal, noting substantial progress toward a comprehensive Bilateral Trade Agreement (BTA).
Manufacturing India to Resume Train Coach Exports to Bangladesh, First Shipment Since Hasina Ouster Likely in July
India is set to resume train coach exports to Bangladesh, with the first shipment of 200 broad-gauge passenger coaches likely in July 2026. The contract, awarded to RITES in May 2024 and funded by the European Investment Bank, was delayed by political transition but is now back on track. Coaches are being manufactured at the Rail Coach Factory in Kapurthala, Punjab.
Trade India–US Trade Deal Nears Finalization as July 24 Tariff Deadline Looms
India and the United States are close to finalizing an interim trade deal before July 24, when a temporary 10% US tariff expires. High-level negotiations in New Delhi focused on tariff reciprocity, market access, and India's $500 billion purchase plan. Key roadblocks remain after a US Supreme Court ruling altered the tariff landscape.
Trade Government Seeks Comparative Advantage in US Trade Deal, Reports Business-Today
According to a report by Business-Today, the Indian government is seeking to leverage comparative advantage in its ongoing trade deal negotiations with the United States. No further details were provided in the source article.
Trade India Seeks Preferential Access Through US Trade Deal as 50% Tariff Hampers Progress, Minister Says
India's trade minister Piyush Goyal revealed on Monday that a trade agreement with the United States is experiencing delays, primarily due to a 50% tariff on Indian goods. New Delhi is actively seeking preferential market access through the pact, a key objective for the nation's economic strategy.
Trade India-US Trade Deal Conditional on Competitive Advantage, Tariff Parity: Goyal
India's Commerce Minister Piyush Goyal stated that the India-US Bilateral Trade Agreement cannot be implemented until India secures a competitive advantage through lower tariffs compared to rival nations. The framework agreement is already finalised, but implementation awaits resolution of outstanding tariff concerns. Goyal also noted that nine Free Trade Agreements have been concluded under Prime Minister Modi's tenure with 38 countries.
Trade Trump Says India, US 'Very Close' to Trade Deal After Modi Bilateral at G7
US President Donald Trump said India and the US are 'very close' to finalising a trade deal, after a bilateral meeting with Prime Minister Narendra Modi on the sidelines of the G7 summit. Trump praised Modi as a 'tough negotiator' and also offered US assistance if India is attacked. The comments come amid tensions over US strikes on ships with Indian sailors in the Strait of Hormuz.
Trade UKIBC Hails India-UK Trade Pact Rollout From July 15, Says CETA to Unlock New Growth
The UK India Business Council (UKIBC) has applauded the upcoming India-UK Comprehensive Economic Trade Agreement (CETA), which enters into force on July 15, 2026. Bilateral trade reached £47.9 billion in the four quarters ending Q4 2025, a 10% increase, with tariff reductions and improved market access expected to further boost trade and investment. The pact is projected to significantly benefit India's services sector, including IT, financial services, and education.
Trade India and Uzbekistan Target Doubling Bilateral Trade to Over $1.3 Billion in 3 Years
India and Uzbekistan have agreed to expedite efforts to double their bilateral trade within the next three years, building on goods trade valued at $672.5 million in FY26. The commitment came during the 14th Session of the India-Uzbekistan Intergovernmental Commission, where both sides discussed customs data exchange, payment infrastructure integration, energy cooperation, and resolution of non-tariff barriers.
Trade PM Modi and Trump Direct Officials to Fast-Track 'Commercially Meaningful' Trade Pact
Prime Minister Narendra Modi and US President Donald Trump directed officials to fast-track a 'commercially meaningful' trade pact during their G7 Summit meeting. US Trade Representative Jamieson Greer will visit India next week to advance negotiations. The leaders reaffirmed the India-US Comprehensive Global Strategic Partnership and reviewed progress under the COMPACT initiative.
Trade 'Fastest we've ever put a trade deal into force': British High Commissioner to India Lindy Cameron hails India-UK trade deal
British High Commissioner to India Lindy Cameron announced that the India-UK free trade agreement will enter into force on July 15, 2026, less than a year after signing. The deal, dubbed the fastest ever put into force by the two nations, will provide duty-free access to 99% of Indian exports and reduce tariffs on British Scotch whisky from 150% to 40%. It aims to double bilateral trade to $100-$120 billion by 2030.
Trade India and Canada Agree to Conclude Free Trade Pact Negotiations by End of 2026
Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney met on the sidelines of the G7 Summit in Evian-les-Bains, France, and reaffirmed their shared objective of concluding negotiations for a Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026. The two leaders also agreed to launch talks on a General Security of Information Agreement to deepen defence cooperation. The meeting builds on positive momentum following Carney's visit to India in March 2026.
Trade Trump Signals Progress on India-US Trade Agreement, Says 'Very Close to Deal' at G7 Summit
US President Donald Trump announced at the G7 Summit that India and the US are 'very close' to a bilateral trade agreement. USTR Jamieson Greer will visit India on June 23-24 for final negotiations with Commerce Minister Piyush Goyal, who says 99% of issues are settled. The interim deal is expected before July 24, when a temporary US tariff regime expires.
Trade India, Canada Agree to Conclude Free Trade Pact Talks by Year-End After G7 Meeting
Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney met on the sidelines of the G7 Summit in Evian-les-Bains and reaffirmed their commitment to concluding negotiations for a Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026. The leaders reviewed progress in energy, trade, and critical minerals cooperation, and announced new initiatives including Raisina Americas.
India and Sri Lanka Strengthen Trade Ties with Local Currency Settlement Initiative
India and Sri Lanka are deepening bilateral trade finance ties through local currency settlement (INR-LKR), reducing dollar dependency and transaction costs. The initiative, discussed at a round-table in Colombo, allows Sri Lankan banks and importers to access Indian rupee loans directly, preserving hard currency reserves.
Trade India, UK Working to Resolve Outstanding Issues for Trade Pact Implementation
Commerce Secretary Rajesh Agrawal confirmed that an Indian team is in London to resolve outstanding issues after the India-UK Comprehensive Economic and Trade Agreement (CETA) was signed on July 24, 2025. Key sticking points include UK steel safeguard measures and the Carbon Border Adjustment Mechanism (CBAM), which could impact Indian exports worth USD 775 million. Discussions with UK Secretary Peter Kyle are ongoing.
Trade India's Exports to US Flat in May 2025 as Imports Surge 54.43%
India's exports to the US remained flat at USD 8.82 billion in May 2025, while imports surged 54.43% to USD 3.8 billion. Overall bilateral trade data for April-May 2026-27 shows marginal export growth and significant import increase. Trade with China also saw notable shifts, with exports up 24.8% and imports up 23.4%.
Trade Finance India and UAE Intensify Efforts to Expand Local Currency Trade Settlement Beyond Oil and Gold
India and the UAE are intensifying efforts to expand the use of local currencies (rupee and dirham) for bilateral trade settlement. More than 15% of trade has been invoiced in local currencies since July 2023, but adoption remains concentrated in oil and precious metals. Authorities plan to simplify procedures, onboard more banks, and engage business communities through roadshows and chambers of commerce to reduce reliance on the US dollar.
Trade USTR Greer and Piyush Goyal to Hold Trade Pact Talks Next Week in Delhi
United States Trade Representative (USTR) Jamieson Greer will meet India's Commerce Minister Piyush Goyal next week for bilateral trade pact negotiations. The talks aim to finalize an interim framework deal and discuss the larger bilateral trade agreement (BTA), while addressing US Section 301 tariff probes on India.
Trade India's trade with West Asia gradually improving: Commerce Secretary Rajesh Agrawal
India's merchandise exports to West Asia recovered in May 2026, reaching nearly the same level as May 2025, according to Commerce Secretary Rajesh Agrawal. The improvement follows a severe decline in March and April due to the US-Iran conflict. Exports to UAE, Saudi Arabia, Jordan, Syria, and Yemen posted growth, while imports from Saudi Arabia and Oman surged.
Trade Will India-US trade deal be announced at G7? USTR signals more talks, says pact not imminent
According to a Times of India report, the U.S. Trade Representative has signaled further talks with India, indicating that a bilateral trade deal will not be announced at the upcoming G7 summit. The report did not include specific trade figures, tariff concessions, or a timeline for a final agreement.
Trade US Trade Representative Greer to Visit India June 23-24 for Interim Trade Deal Talks
United States Trade Representative Jamieson Greer will visit India on June 23-24, 2026, for discussions focused on finalizing an interim trade deal between the two countries. The visit aims to bring ongoing negotiations to a conclusion, following a bilateral meeting between President Trump and Prime Minister Modi in France on June 17.
Trade India-US Energy Cooperation Aims for $500 Billion Trade by 2030
A report highlights the potential of India-US energy cooperation to achieve a $500 billion trade target by 2030. The partnership focuses on hydrocarbons and advanced technologies.
Trade Nepal Imposes Mango Import Restrictions on India
Nepal has restricted mango imports from India due to pesticide concerns and inadequate quarantine facilities. This move impacts local markets and could lead to shortages and price hikes.
Trade India-US Trade Deal Phase One Imminent, Says Goyal
India and the US are set to finalize the first phase of their trade deal by mid-next month, according to Commerce Minister Piyush Goyal. The agreement aims to provide India with preferential access over competitors.
Trade India to Finalize 2-3 FTAs in Six Months, Says Piyush Goyal
India's Commerce Minister Piyush Goyal announced plans to implement 2-3 new free trade agreements (FTAs) within the next six months. This move is part of India's broader strategy to enhance international trade relations.
Trade India-Oman CEPA Boosts Bilateral Trade
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) has commenced, enhancing trade relations between the two countries. The agreement provides preferential access for Indian exports, including textiles and marine products, to the Omani market.
Trade India, Canada Target $50B Trade with CEPA Talks
India and Canada are advancing their Comprehensive Economic Partnership Agreement (CEPA) talks, aiming to boost bilateral trade to $50 billion by 2030. Piyush Goyal's visit to Canada emphasized investment opportunities and collaboration in key sectors.
Trade India-US Trade Talks Resume June 1 to Finalize Interim Pact
India and the United States will resume trade talks on June 1 in New Delhi, focusing on finalizing an interim trade agreement. Key issues include tariff reductions and market access, with significant changes in the US tariff regime influencing discussions.
Trade India-EAEU Trade Talks Progress with Interim Deal Focus
India and the Eurasian Economic Union (EAEU) are advancing discussions on a temporary trade arrangement for select goods. The talks, described as complex, aim to establish a limited free trade zone.
Trade India-Oman CEPA: Key Benefits and Sector Gains
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) becomes effective June 1, 2026, enhancing trade by eliminating tariffs on key exports. This agreement significantly benefits sectors like engineering goods, pharmaceuticals, and textiles, while also facilitating professional mobility.
Trade India-Oman Trade Pact Effective June 1: Key Details
The India-Oman trade pact, effective June 1, 2026, provides 100% duty-free access for Indian exports to Oman, covering 98.08% of Oman's tariff lines. This agreement aims to enhance bilateral trade, which reached USD 11.18 billion in 2025-26.
Trade India-Canada CEPA: Piyush Goyal Sees New Trade Opportunities
Union Commerce and Industry Minister Piyush Goyal emphasized the potential of the India-Canada Comprehensive Economic Partnership Agreement (CEPA) to enhance bilateral trade. Speaking in Toronto, Goyal noted the trust between the two democracies as a catalyst for new trade and investment opportunities.
Trade India, Canada to Finalize CEPA by Year-End, Boost Trade
India and Canada are set to conclude the Comprehensive Economic Partnership Agreement (CEPA) by the end of 2023, aiming to triple bilateral trade by 2030. This development was announced by India's Commerce Minister Piyush Goyal during his visit to Canada.
Trade Canada plans trade mission to India this year
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Trade India Becomes Sri Lanka's Second-Largest Export Market
India has overtaken the United Kingdom to become Sri Lanka's second-largest export destination, with exports reaching USD 364.15 million from January to April 2026. Despite a slight decline in April, overall exports to India increased by 8.9% during this period.
Trade India-US Trade Talks to Begin June 1 in New Delhi
India and the US will engage in four-day trade talks starting June 1 in New Delhi. Led by Brendan Lynch and Darpan Jain, the discussions aim to finalize an interim trade agreement and address tariffs and market access.
Trade India, Canada Strengthen Trade Ties with New Forum
India and Canada have launched a new trade and investment forum aimed at enhancing bilateral trade relations. The forum seeks to foster commercial partnerships and increase business engagement between the two nations.
Trade India, Canada Target $50B Trade with CEPA by Year-End
India and Canada are working to finalize the Comprehensive Economic Partnership Agreement (CEPA) by the end of the year, aiming to boost bilateral trade to $50 billion by 2030. Indian Minister Piyush Goyal and Canadian Minister Maninder Sidhu are leading the negotiations.
Trade US-India Interim Trade Deal Talks Set for June 1-4
US trade negotiators will visit India from June 1-4 to discuss an interim trade deal. The talks aim to finalize a framework agreement, potentially before US tariffs expire on July 24.