Topic
negotiations
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 India and EU Near Completion of Legal Scrubbing of Free Trade Agreement Text, Says Minister Piyush Goyal
India and the European Union are close to completing the legal scrutiny of their free trade agreement text, according to Commerce and Industry Minister Piyush Goyal. The legal scrub should be over in another week or two, with the pact operationalised a few months after the India-UK trade agreement, which takes effect July 15. Goyal also highlighted potential for 10-fold growth in India-Spain trade, currently at $9.2 billion.
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 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 India and ASEAN Assess Progress of Talks for Review of Goods Free Trade Agreement
India and ASEAN assessed the progress of negotiations for the review of their goods free trade agreement during the 13th ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee meeting. The Joint Committee urged sub-committees to expedite finalisation of outstanding chapters. Bilateral trade between India and ASEAN reached $128 billion in 2025-26.
Norwegian offshore unions enter last-ditch talks to avert wider strike in oil and gas sector
Norwegian offshore unions Styrke, SAFE, and DSO have entered state-mediated wage talks to avert a wider strike in the country’s oil and gas sector. Initial disruption could affect the Transocean Encourage rig, Odfjell Technology’s Linus rig, AKOFS Seafarer, and Equinor’s Gullfaks B platform. A separate service strike already underway has caused output losses, with Aker BP shutting down the Tambar field.
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).
Trade India-US Trade Talks Accelerate as Deadline for Tariff Agreement Approaches
India and the United States have stepped up high-level trade talks as both sides work toward a reciprocal trade agreement. Commerce Minister Piyush Goyal met USTR Jamieson Greer and US Ambassador Sergio Gor, while Greer also held discussions with Finance Minister Nirmala Sitharaman and senior officials. The US embassy described the partnership as a "win-win for both," even as India seeks lower tariffs and better market access without committing to deadlines.
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 Piyush Goyal and US Trade Representative Jamieson Greer Launch Bilateral Trade Pact Talks in New Delhi
India's Commerce Minister Piyush Goyal and US Trade Representative Jamieson Greer began talks on a bilateral trade agreement (BTA) in New Delhi on June 23, 2026. The negotiations come after significant changes in US tariff policies, including the Supreme Court striking down earlier tariffs and the imposition of 10% Section 122 tariffs. Both sides are relooking at the framework agreed in February 2026, which had proposed US tariff reductions to 18% on Indian goods.
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, US to hold ministerial-level talks on bilateral trade pact this week
India and the United States will hold ministerial-level talks this week on a bilateral trade agreement (BTA). Commerce Minister Piyush Goyal announced that his US counterpart is visiting Delhi for the discussions, which aim to finalize the framework of the first-phase deal amid changing tariff landscapes and ongoing Section 301 investigations.
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 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 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, 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 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, UK work to resolve issues holding up trade pact implementation, says official
India and the UK are working to resolve outstanding issues that have delayed the implementation of their free trade agreement, including UK steel safeguard measures and its proposed Carbon Border Adjustment Mechanism (CBAM). Commerce Secretary Rajesh Agrawal said an Indian team is in London to operationalise the pact signed in July 2025. The UK will cut tariff-free steel quota volumes by 60% from July 1, 2026, and impose a 50% tariff on imports above the quota.
Trade US-Iran Framework Deal Aims to Reopen Strait of Hormuz but Traffic Remains Low
The US and Iran have agreed a framework deal to end hostilities and reopen the Strait of Hormuz. However, ship-tracking data shows traffic remains low, with only two vessels exiting since Sunday. Experts warn of cautious shipping recovery and lingering insurance and production challenges.
Trade India Seeks Preferential Tariffs, End to Forced Labour Probe in US Trade Deal
India has outlined key demands in trade talks with the US, including preferential tariff treatment and an end to the Section 301 forced labour investigation. An interim deal could be finalised by mid-July, but progress hinges on Washington concluding its probes. The US has proposed additional 12.5% tariffs on Indian imports over forced labour concerns.
Commodities Crude Oil Futures Fall as Trump Signals Possible Iran Deal
Crude oil futures traded lower after US President Donald Trump signaled a possible peace deal with Iran. August Brent fell 1.90% to $88.66, and July WTI dropped 1.82% to $86.11. ING analysts expressed caution, noting past false starts and quiet signals from Tehran. OPEC's May production fell 177,000 b/d, led by Iran's 546,000 b/d decline, while Saudi, UAE, and Iraq increased output.
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 EU Faces Setback in India Over GI Tags for Wines, Spirits
The EU's bid for exclusive marketing rights for its wines, spirits, and cheese in India faces hurdles due to geopolitical tensions involving Jammu and Kashmir. This development could impact the EU's ₹9,000 crore market in India.
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 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.
Commodities Crude Oil Prices Rise Amid US-Iran Talks and Hormuz Uncertainty
Crude oil prices saw a slight increase due to ongoing uncertainty over US-Iran negotiations and the potential reopening of the Strait of Hormuz. Brent crude futures rose to $95.04 a barrel, while WTI slightly declined to $91.99.
Trade India Reconsiders Scotch Tariff in UK Trade Deal
India is reviewing tariff concessions on Scotch whisky in its trade deal with the UK due to unresolved issues over steel quotas and duties. The trade agreement, initially set for May, has been postponed indefinitely as negotiations continue.
Trade India, Canada to skip sensitive sectors in trade talks
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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 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-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, 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.