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India should take cues from the US-UK trade pact and exercise caution while negotiating an agreement with America to ensure that the deal is reciprocal, balanced, and not driven solely by political considerations, economic think tank GTRI said on Saturday. The limited trade deal announced between the US and UK on May 8 offers clues about the kind of trade arrangements Washington may pursue with other major partners, most notably India, the Global Trade Research Initiative (GTRI) said. A closer look reveals that while the UK has made sweeping tariff concessions to America, the US has offered far less in return, it added. "If the UK-US deal sets the template, India can expect growing US pressure to finalise a mini-deal of its own - focused on tariff cuts and key strategic commitments rather than a full free trade agreement (FTA) that may come much later," the think tank said. It also cautioned that India may be asked to reduce tariffs on a basket of sensitive agricultural products, .

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Trade and Commerce

TREND | 10 May 2025

The rising global demand for premium Basmati rice: Opportunities for Indian exporters

Business Line

Market diversification beyond the traditional buyers in the Middle East and the UK into Africa, South-East Asia, and Latin America will be crucial in spreading risk and unlocking new growth

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Operation Sindoor To India-UK FTA The WeekThatWas

NDTV Profit | 09 May 2025 3 more

US-UK FTA can serve as launch pad for Indian Inc to enter to American mkt

Business Standard | 09 May 2025

India, Chile Sign Terms Of Reference For FTA

NDTV Profit | 09 May 2025

India UK FTA paves way for similar agreements with countries like USA, EU: Bank of Baroda

Economic Times | 09 May 2025

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Trade and Commerce

TREND | 09 May 2025

Basmati prices up on higher demand, not due to India-Pak tensions: AIREA

Business Standard

All India Rice Exporters Association President (AIREA) Satish Goel on Friday ruled out any impact on Basmati trade, stressing that the recent increase in prices of the commodity is owing to higher demand and not due to the ongoing India-Pakistan tensions. The export price of Basmati rice varieties --1509 and 1718 -- have inched up slightly since March due to rise in demand and not due to supply disruptions caused due to ongoing military escalations between the two nations, he said. "Not due to ongoing India-Pakistan tensions, the Basmati prices have gone up recently. Prices rose slightly because of higher demand from Saudi Arabia, Iran and Iraq," Goel told PTI. The trade has not been affected so far and the orders are being fulfilled smoothly, he added. AIREA former president Vijay Sethia said in September 2024, Basmati rice, particularly the 1509 variety, were ruling high at Rs 62 per kg. Thereafter, prices dropped mainly due to a bumper crop arrival. Large arrivals of 1509 paddy

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Trade and Commerce

TREND | 09 May 2025