Topic
negotiations
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.