Voicing concern over Western sanctions policies, Union commerce and industry minister Piyush Goyal questioned why India was being “singled out” over its oil dealings with Russia, while European nations appear to have secured quiet exemptions. Currently, India is facing 50 per cent tariffs by the US, half of which were imposed as punishment for buying…
At the Berlin Global Dialogue Roundtable, Commerce Minister Piyush Goyal made a firm defence of India’s independent trade policy when questioned about free trade agreements and geopolitical pressures. Responding to a query on balancing deadlines, sanctions, and alliances, Goyal said, ‘India has never decided its friends based on anything other than national interest.’ When UK…
Toronto: Canada wants to “deepen economic cooperation” with India, the country’s foreign ministry said even as it’s Minister of International Trade Maninder Sidhu spoke with Minister of Commerce and Industry Piyush Goyal on Saturday. Shipping containers are stacked on a cargo ship at the Port of Montreal in Montreal, Quebec, Canada. (AFP) In a readout…
In FY2025, India imported $8.6 billion worth of goods from the United Kingdom. And with it came thousands of crores of rupees in customs revenue. Now, with the latest free trade agreement with the UK, thinktank Global Trade Research Initiative (GTRI) estimates that India would lose out on at least ₹4,060 crore in customs revenue…
NEW DELHI: Commerce and industry minister Piyush Goyal Saturday said that India managed to get extensive benefits without making any compromises under the Comprehensive Economic and Trade Agreement (CETA) with the UK.“We have protected many of our sensitive items like rice and sugar. Dairy has not been opened, so is ethanol. India has kept itself…
New Delhi: Prime Minister Narendra Modi on Wednesday reached the UK with the formal signing of the landmark India-UK Free Trade Agreement (FTA) expected to be the key outcome of his two-day trip. Modi will hold wide-ranging talks with British Prime Minister Keir Starmer on Thursday. Starmer will host Modi at Chequers, the British prime…
India and Britain will sign a free trade agreement on Thursday during Prime Minister Narendra Modi’s UK visit, officials said, with New Delhi to ease tariffs on British whisky, cars and some food items, and the UK offering duty-free access to Indian textiles and electric vehicles. The pact, concluded in May after three years of…
The cabinet on Tuesday approved the free trade agreement between India and the UK, which will be signed in London on July 24, sources said. The pact, officially called as comprehensive economic and trade agreement, will be signed during Prime Minister Narendra Modi’s visit to London. Modi’s four-day visit to the United Kingdom and the…
The process of legal scrubbing of the India-UK free trade agreement (FTA) text is progressing at a faster pace, and the pact is expected to be signed by the end of July, an official said on Tuesday. To give an impetus to the process, Commerce Secretary Sunil Barthwal is in London with his official team….
India-UK trade deal: The successful completion of FTA negotiations was confirmed by both nations on May 6. (AI image) Did you know that the India-UK trade deal was sealed during a walk in the park, and over an ice-cream? The Free Trade Agreement (FTA) negotiations between India and the UK reached their conclusion during an…