Topic
international trade
Trade India-EFTA Trade Pact Implementation on Agenda as Piyush Goyal Heads to Switzerland
Commerce and Industry Minister Piyush Goyal will visit Berne, Switzerland on June 12 to discuss implementation issues of the India-EFTA Trade and Economic Partnership Agreement (TEPA), which took effect in October 2025. EFTA members have committed to invest $100 billion in India over 15 years and create 1 million direct jobs. The visit comes as India pursues a broader strategy of free trade agreements with developed economies to support its $30 trillion economic vision by 2047.
Trade India Seeks Tariff Parity for Drug Exports to US
India is negotiating with the US for tariff parity on patented drug exports, challenging a 100% duty imposed in April. The tariffs could impact India's CRDMO sector, which is growing rapidly.
Trade Splash Wrap: Trading Missiles and Maritime Milestones
This week's Splash Wrap covers the escalating Hormuz shipping crisis, with tanker strikes off Oman and a missile warhead extracted by the Indian Navy. Also featured: delivery of the world's first dual-fuel ammonia engine vessel and insights from the Container Port Performance Index.
Trade BIMCO Develops Clause for Russia-Linked Tanker Sale Restrictions
BIMCO is drafting a standard clause for tanker sale agreements in response to EU sanctions targeting Russian involvement. The clause aims to ensure compliance with new obligations on EU sellers.
Regulations & Compliance India Extends Anti-Dumping Duty on Aluminium Foil Imports
The Indian government has extended the anti-dumping duty on aluminium foil imports from China and three other nations until December 15, 2026. This decision follows requests from companies like Hindalco Industries and SRF Altech.
Trade Assam's Tezpur Litchi Makes Debut in Dubai Market
Assam's GI-tagged Tezpur Litchi has been exported to Dubai for the first time. The shipment, comprising one metric tonne, highlights the growing international demand for India's premium agricultural products.
Trade Clarkson's Farm Season 5: Richard Ham's Fate and a Top Gear Twist
Clarkson's Farm season 5 episode 5 reveals the fate of the beloved pig Richard Ham, confirming he remains at Diddly Squat Farm. Jeremy Clarkson introduces a new pig, James Boar, adding a Top Gear-themed twist.
Regulations & Compliance Commerce Ministry Escalates Anti-Dumping Duty Rejection Issue
The Commerce Ministry has raised concerns at the highest level regarding the Finance Ministry's increasing rejection of anti-dumping duty recommendations by the Directorate General of Trade Remedies (DGTR). The rejection rate has surged to 81% from November 2025 to April 2026, impacting domestic industries.
Trade India Supports OMCs Amid Rising Crude Prices
The Indian government has allocated ₹1.23 lakh crore to Oil Marketing Companies (OMCs) to mitigate the impact of rising crude oil prices. This support includes an excise duty cut and is aimed at easing consumer burden during the West Asia conflict.
Trade India-Oman Trade Pact Boosts Export Opportunities
The India-Oman Comprehensive Economic Partnership Agreement (CEPA), effective June 1, 2026, significantly enhances export opportunities for India's labour-intensive sectors by securing duty-free access across 98.08% of Oman's tariff lines. This agreement supports India's energy security and supply-chain resilience.
Trade India Ships GI-Tagged Tezpur Litchi to Dubai
India has exported one tonne of GI-tagged Tezpur Litchi from Assam to Dubai, enhancing its international market presence. The Commerce Ministry highlights this as a step forward for premium agricultural exports.
Trade EU Unveils Strategy to Reduce US and Chinese Tech Dependence
The European Commission has introduced a Tech Sovereignty Package to decrease reliance on US and Chinese technology. This includes the EU Chips Act 2.0, Cloud and AI Development Act, and Open Source Software Strategy. CISPE expresses concerns over potential loopholes.
Trade India's Trade Strategy Faces Six Major Challenges
India's trade agreements face significant challenges, including rising trade deficits and underutilization of FTA benefits. The Global Trade Research Initiative highlights tariff asymmetries and manufacturing shifts as key issues.
Supply Chain Geopolitical Tensions Drive Supply Chain Diversification
Geopolitical tensions are prompting companies to diversify their supply chains, moving away from single-source dependencies. This shift is reshaping global trade dynamics, with countries like India emerging as key players. Companies are adopting strategies like nearshoring and friendshoring to mitigate risks.
Trade South America Expands Trade Ties with India
South America, led by Argentina, is intensifying trade relations with India, emphasizing economic complementarity. Argentina is a major provider of edible oils to India, while India exports pharmaceuticals and machinery.
Trade India-US Trade Deal Talks Include Proposed 12.5% Tariff
The India-US trade negotiations, described as '75 years overdue' by USIBC's Atul Keshap, include a proposed 12.5% tariff on Indian goods. Talks aim to boost bilateral trade to $500 billion.
Trade India Aims for $30 Billion Seafood Export by 2031
India's Commerce Minister Piyush Goyal announced a target to increase seafood exports to $30 billion by 2031, emphasizing value addition and quality. The strategy includes leveraging free trade agreements and reducing raw shrimp imports.
Trade India, US Near Completion of Trade Deal Talks
India and the US are nearing the completion of a bilateral trade agreement, with only minor details remaining. The deal aims to strengthen economic ties and address tariff issues.
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 WTO Reports Slowdown in Global Goods Trade Growth
Read the full story for in-depth analysis.
Trade India to Implement 6–7 FTAs in 2027, Boosting Trade
India is set to implement 6–7 Free Trade Agreements (FTAs) in 2027, as announced by Commerce Minister Piyush Goyal. These agreements aim to strengthen India's trade relationships and economic growth.
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 Indian Exporters Monitor USTR Probe Amid Trade Talks
Indian exporters are closely monitoring the US Trade Representative's investigations and bilateral trade talks, which could impact tariffs and trade dynamics. Concerns rise over proposed tariffs on China, while Indian sectors emphasize compliance with labor standards.
Trade U.S. Imposes Tariffs on 60 Nations for Forced Labor Failures
The United States has announced new tariffs up to 12.5% on 60 countries failing to curb forced labor in export goods. This move aims to protect U.S. businesses from unfair competition.
Trade India-US Trade Deal Nears Completion, Final Details Pending
India and the US are on the brink of finalizing a trade agreement, with only 1% of the terms left to negotiate. US envoy Sergio Gor expressed optimism for completion within weeks.
Trade US Targets 60 Nations Over Forced Labour, India Included
The US Trade Representative proposes additional tariffs on 60 countries, including India, due to forced labour concerns. The proposal, under Section 301 of the US Trade Act of 1974, suggests tariffs of 10% to 12.5% on imports.
Trade India, UK Aim to Finalize Trade Deal Amid Steel Quota Talks
India and the UK are working to finalize a bilateral trade agreement, focusing on resolving issues related to steel quotas and duties. The agreement aims to lower tariffs and enhance business access.
Trade India, UK Address Trade Pact Hurdles Amid CETA Delays
India and the UK are addressing hurdles in their trade pact as CETA implementation faces delays. Key issues include the UK's steel safeguard and carbon border adjustment mechanism, affecting India's exports.
Trade US Pressures India on Russian Oil Imports Again
The US, led by Secretary of State Marco Rubio, is renewing pressure on India to halt Russian oil imports, citing geopolitical concerns. This move revives tensions in US-India trade relations, with India emphasizing its energy autonomy.
Trade U.S. Proposes 25% Tariff on Brazil Amid Trade Tensions
The U.S. Trade Representative has proposed a 25% tariff on Brazilian goods, excluding key items, following an investigation into Brazil's trade practices. This move aims to address unfair practices and replace a previously invalidated 50% tariff.
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 Oman-India FTA Benefits Begin Today, Boosting Trade
The Oman-India Comprehensive Economic Partnership Agreement (CEPA) takes effect today, offering duty concessions on 77.8% of India's tariff lines. This agreement covers 94.8% of India's imports from Oman by value, enhancing bilateral trade.
Trade India-UK Trade Pact Delayed Over Steel, Carbon Tax Issues
The India-UK trade agreement faces delays as unresolved issues over steel import curbs and a proposed carbon tax persist. The UK plans to reduce steel import quotas by 60% from July 2026, while a carbon tax could impact $775 million of Indian exports.
Logistics Hazardous Cargo Liability Treaty to Launch in 2027
The International Maritime Organization (IMO) has confirmed the 2027 launch of a global liability treaty for hazardous cargo. This treaty will provide compensation and legal certainty for incidents involving hazardous substances at sea.
Trade India, Canada to skip sensitive sectors in trade talks
Read the full story for in-depth analysis.
Trade India Targets Myanmar Rare Earths Amid Diplomatic Visit
India is exploring rare earth imports from Myanmar during President Min Aung Hlaing's visit. Bilateral trade has grown 23% to $2.15 billion in FY25, with pulses dominating Myanmar's exports.
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 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 Forge New Trade and Investment Forum
India and Canada have launched the Canada-India Trade and Investment Forum to enhance bilateral economic relations. The forum aims to foster commercial partnerships and expand cooperation in key sectors.
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 Global temperatures to stay near record highs: WMO
Read the full story for in-depth analysis.
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 Canada, India Officials Optimistic on Trade Pact Progress
Officials from Canada and India express optimism about finalizing the Comprehensive Economic Partnership Agreement (CEPA) by the end of the year. Recent discussions at the Western Canada-India Leaders Summit in Regina highlighted potential trade benefits, particularly in agricultural commodities.
Trade India, EAEU Discuss Interim Trade Deal Amid Complex Talks
India and the Eurasian Economic Union (EAEU) are negotiating a limited interim trade deal, as confirmed by Russian Minister Maxim Reshetnikov. The discussions aim to establish a temporary free trade zone for specific goods, enhancing economic ties.
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-Oman CEPA Boosts Trade and Energy Security
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) is set to enhance trade resilience and energy security. The agreement offers India duty-free access to Oman, boosting exports in key sectors.
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 India, US Forge Pact on Critical Minerals, Rare Earths
India and the US have signed a bilateral framework to secure the supply chain of critical minerals and rare earths. This agreement, signed during the Quad Foreign Ministers' meeting, aims to enhance cooperation in mining, processing, and recycling.
Trade Quad Commits $20 Billion to Boost Critical Minerals Supply
The Quad nations have pledged to invest $20 billion to enhance critical minerals supply chains. This initiative aims to bolster mining, processing, and recycling efforts, ensuring economic growth and security.
Trade India-Canada FTA Talks Near Conclusion: Goyal
India and Canada are on track to finalize their Free Trade Agreement (FTA) by the end of the year, according to Indian Minister Piyush Goyal. The agreement aims to enhance trade in sectors like energy, agri-food, and technology.
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.
Trade India, US Advance Trade Talks in Delhi with June Delegation
India and the US are set to continue trade negotiations in Delhi from June 1-4, 2026. The talks aim to finalize an interim trade pact, focusing on tariffs, market access, and economic cooperation.
Trade India-Russia Forge Strategic Trade Ties in Key Sectors
India and Russia are strengthening their economic cooperation by focusing on strategic sectors such as energy, trade, and critical minerals. This initiative aims to foster long-term industrial and economic development.
Trade India, Canada Exclude Sensitive Sectors in Trade Talks
India and Canada are progressing in CEPA negotiations by excluding sensitive sectors such as agri-commodities and dairy. Piyush Goyal emphasizes capturing low-hanging fruit for mutual benefit.
Trade UK-India FTA Boosts Bilateral Trade Opportunities
The UK-India Free Trade Agreement, effective from May 2026, aims to enhance bilateral trade by reducing tariffs and simplifying regulations. This landmark deal is expected to significantly boost economic ties between the two nations.