NORTH ATLANTIC FREE TRADE AGREEMENT
Taiwan ready to assist India reduce trade deficit with China: Taiwanese Deputy NSA Hsu Szu-Chien
Taiwan can aid India in reducing its reliance on Chinese electronic components through a free trade pact, suggests deputy national security adviser Hsu Szu-Chien. A trade deal would encourage Taiwanese investment in India's high-tech sectors, leveraging Taiwan’s technology and India's workforce. This partnership aims to address India's trade deficit with China and boost economic cooperation.
India, Mercosur can explore signing bilateral pacts: Piyush Goyal
Commerce Minister Piyush Goyal suggested India and Mercosur explore bilateral free-trade agreements due to stalled talks on expanding their Preferential Trade Agreement. Highlighting successful trade deals like that with UAE, he emphasized the importance of fast-tracked, decisive negotiations for solid partnerships and addressing concerns with non-market economies.
Trump's tariffs could deal a blow to Boeing and the aerospace industry
President Trump's impending tariffs on aluminum and steel threaten to raise costs for Boeing's manufacturing process and disrupt the North American aerospace supply chain. Industry representatives have requested an exemption to remain competitive globally, as the expiration of a temporary reprieve looms in April.
India, NZ desirous of deepening special relationship: PM Luxon
Prime Minister Christopher Luxon, while visiting India, emphasized the mutual desire between New Zealand and India to strengthen their special relationship, particularly in tourism and education. He highlighted better connectivity as a potential driver for increased collaboration. During his visit, an agreement was signed between Tata Consultancy Services and Air New Zealand for digital transformation services.
India offers trade pacts to individual members of Mercosur
Commerce and industry minister Piyush Goyal suggested India pursue bilateral free trade agreements with Mercosur members to circumvent stalled preferential trade talks. Goyal emphasized the need for swift negotiations and mentioned India's concern about non-market economies, particularly China, leveraging the region as a trade route to India.
India focusing on core trade issues in FTAs for early outcomes: Commerce secretary Sunil Barthwal
India emphasizes core trade issues such as tariffs and non-tariff barriers in FTAs to expedite negotiations for faster outcomes. This approach is meant to maintain business interest and achieve quick results, aiming to double India-LAC trade from USD 50 billion to USD 100 billion in coming years.
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India, Malaysia to speed up review of Asean Goods pact
India and Malaysia have agreed to expedite the review of the Asean India Trade in Goods Agreement (AITIGA) for completion by 2025. The review aims to address bilateral trade, market access, and cooperation in sectors including semiconductors and services, with the next meeting scheduled for April 9-11.
Strongly taken up trade restrictive measures with EU: Govt to Parliament
The government is addressing trade restrictions with the EU and focusing on sectors like Agri-food, APIs, and Clean Technologies. Aiming for a fair Free Trade Agreement, it also highlights the importance of imports from China for various industries and introduces stringent quality controls to curb sub-standard imports.
India, Malaysia discuss expediting Asean trade pact review, semicon cooperation
India and Malaysia have agreed to expedite the review of the Asean India Trade in Goods Agreement (AITIGA) for a substantial conclusion by 2025. Both sides also discussed bilateral trade, market access, and other areas of cooperation. A joint committee meeting is scheduled for April 9-11, aiming to advance the review process this year.
India, New Zealand working on a comprehensive, mutually beneficial Free Trade Agreement, says Piyush Goyal
Commerce Minister Piyush Goyal and Prime Minister Christopher Luxon emphasized the potential for collaboration between India and New Zealand. They announced ongoing negotiations for a comprehensive Free Trade Agreement aimed at expanding trade and investment. The partnership seeks to leverage strengths in sectors such as agri-tech, pharmaceuticals, and tourism.
Audi weighs price increases to soften US tariff blow
Audi is considering whether to pass on the cost of U.S. import tariffs to customers and expects a decision this year on localising production in North America. The company aims to find a balance between price increases and production volume adjustments amidst ongoing EU-U.S. tariff negotiations and planned job cuts for savings.
India, New Zealand aim to conclude FTA in 60 days
India and New Zealand aim to finalize a comprehensive free trade agreement in 60 days, potentially increasing bilateral trade significantly. The agreement will focus on various sectors including pharma, critical minerals, and tourism. Discussions will consider areas of sensitivity, such as dairy, addressing both countries' interests.
India, New Zealand's proposed FTA could boost trade by 10x in 10 years
India and New Zealand are negotiating a Free Trade Agreement (FTA) aimed at greatly boosting bilateral trade. Union Minister Piyush Goyal indicated a potential tenfold trade expansion in critical sectors like agriculture, minerals, pharmaceuticals, and tourism within ten years. New Zealand PM Christopher Luxon remarked on aiming to sign the pact within 60 days after productive discussions.
Raisina Dialogue 2025: Deliberating FTA with India to strengthen bilateral ties with the subcontinent, says New Zealand PM Luxon
New Zealand Prime Minister Christopher Luxon, at the Raisina Dialogue 2025, expressed plans to strengthen ties with India, including a potential Free Trade Agreement. Both PMs discussed economic and security cooperation, emphasizing joint efforts against terrorism. Luxon, on a five-day visit, also paid tribute to Mahatma Gandhi at Rajghat.
Slovenia's Koper Port to complement India Middle East Europe Economic Corridor
Slovenia's potential involvement in the IMEEC could position Port Koper as a vital trade route between India and Central/Eastern Europe. Slovenian Minister Tanja Fajon highlights direct shipping links, potential economic benefits, and support for a Free Trade Agreement between the EU and India. SITE initiative collaboration aims at sectors like renewable energy, space, and food processing.
Bilateral trade pact on track, but yet to talk US reciprocal tariffs
India and the US are finalizing a Bilateral Trade Agreement (BTA) and have not yet addressed reciprocal tariffs. Commerce Secretary Sunil Barthwal indicated active engagement and stakeholder consultations, anticipating a positive outcome. During his visit to Washington from March 4-6, Goyal met with US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer.
'Matter of immense joy to welcome New Zealand PM to Delhi, says PM Modi
Prime Minister Narendra Modi welcomed New Zealand Prime Minister Christopher Luxon to Delhi, referring to him as a dynamic leader. Both leaders held wide-ranging talks on bilateral ties, emphasizing the need for strict action against terrorism. The visit includes discussions on economic cooperation and a potential Free Trade Agreement.
India and New Zealand to begin talks on FTA after a decade, announces PM Modi
India and New Zealand will resume talks for a proposed Free Trade Agreement (FTA), Prime Minister Narendra Modi announced on Monday. The FTA negotiations had stalled in 2015 due to disagreements over sensitive areas like dairy and agriculture.
India’s exports to US may fall 3-3.5% post reciprocal tariffs, diverse exports to offset impact: SBI Research
India's exports to the US may drop by 3-3.5% due to new reciprocal tariffs. However, this impact can be offset by setting higher export targets in manufacturing and services. Additionally, India is pursuing FTAs with the UK, Canada, and the EU to boost trade and leverage digital economy growth, potentially adding $1 trillion to GDP by 2025.
India shouldn't lose sleep over looming US reciprocal tariffs thanks to new routes: SBI
India's exports to the US may drop by 3-3.5% if reciprocal tariffs are imposed, but increased diversification and new trade routes could offset the impact. India is expanding its export base and negotiating multiple Free Trade Agreements to navigate global supply chain shifts.
India-New Zealand FTA talks back on track after 10 years
India and New Zealand resume negotiations for a free trade agreement after efforts stalled in 2015 over issues like dairy and agriculture. The renewed talks aim to boost trade, services, and investment, fostering mutual economic growth. Indian goods exports to New Zealand hit $494.44 million during April-December FY25.
India, New Zealand announce resumption of FTA talks
India and New Zealand have resumed negotiations for a Comprehensive Economic Cooperation Agreement after a decade-long hiatus. The agreement aims to enhance trade in goods, services, and investments, potentially unlocking new business opportunities and improving market access. The discussions will focus on balancing outcomes that benefit both nations.
India-EU FTA: Think tank points out one sector where India must demand reciprocity
India seeks to enhance its export potential in the proposed FTA with the EU by aiming for reciprocal concessions, particularly in the medical devices sector. Current negotiations are imbalanced, with the EU imposing stringent regulatory barriers, making it difficult for Indian exporters to access the EU market.
The US has turned its back on its past. Now what?
Global trust in the US, under Trump's leadership, is irrecoverably damaged due to his erratic actions and unreliable words. Notable global figures like Lech Walesa criticize America's stance on Ukraine. Trump’s alignment with controversial leaders and nations disrupts geostrategic stability, shaking international confidence in America's moral standing.
A rare megaberg five times bigger than Mt Everest is nearing South Georgia. What are the risks? Watch video
The massive A23a iceberg, weighing a trillion tons, is heading toward South Georgia Island. Originating in 1986 from Antarctica's Ronne-Filchner Ice Shelf, it began drifting in 2020 and now moves at 30 kilometers per day. As it enters warmer waters, it may disrupt penguin and seal feeding routes but also boost marine ecosystems.
China's lending practices push Maldives toward sovereign default
The Maldives faces a severe debt crisis, exacerbated by external debts and unfavorable trade terms with China. With dwindling foreign reserves and upcoming debt repayments, the country's economic stability and sovereignty are at risk. Despite various austerity measures, a significant financial gap persists, requiring urgent international intervention.
Trump's 'detox' isn't economic disruption. It's chaos
Treasury Secretary Scott Bessent suggests a recession might be needed to detoxify the economy. The Trump admin's trade policies focus on disruption and winning rather than cooperation. This approach could lead to increased uncertainty affecting hiring and investment. The long-term benefits of US-led trade and security cooperation are at risk.
India should protect its national interest while negotiating with US: Swadeshi Jagran Manch
The Swadeshi Jagran Manch (SJM) urges India to focus on bilateral trade agreements to protect national interests, especially for farmers and small entrepreneurs. At a meeting in Chhattisgarh, the SJM highlighted the need to enhance foreign trade amid the Trump administration's policy of reciprocal tariffs, which aim to boost US manufacturing.
India, EU to hold next round of FTA talks from Monday amid Trump tariff threats
India and the European Union will commence their tenth round of negotiations for a proposed free trade agreement in Brussels. Key issues such as agricultural tariffs, auto import duties, and regulatory barriers will be the focus, with hopes to finalize the deal by the end of the year.
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