Trend Trade and Commerce - Latest news, views and updates

Interest

Watch

TREND | 10 Jun 2025

India-EFTA trade pact to boost stable, predictable business ties: Goyal

Business Standard

The free trade agreement (FTA) between India and the four-nation European bloc EFTA will bring stability, predictability and continuity to businesses in the regions, Commerce and Industry Minister Piyush Goyal said on Tuesday. He said while India provides huge market and skilled professionals, Switzerland has advanced manufacturing capabilities. The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates, and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. "The agreement will give stability, predictability and continuity in the partnership," Goyal said here while addressing businesses of both regions. The agreement is expected to be operationalised from October. He added

India-EFTA trade pact expected to come into effect from Sept 2024: Goyal

Business Standard | 09 Jun 2025 1 more

Trade and Commerce

TREND | 10 Jun 2025

Government Considering Scheme To Help MSME Exporters Register Goods In New Markets: Goyal

NDTV Profit

The scheme may include 12 components, including easy credit schemes for MSMEs, e-commerce exporters, facilitation of overseas warehousing and global branding initiatives, to tap emerging export opportunities and strengthen trade tools for small businesses.

Trade and Commerce

TREND | 09 Jun 2025

Imports under FTAs can be cleared under the provisional assessment

Business Standard

Rajagopalan answers readers' SME queries related to GST, export and import matters

Trade and Commerce

TREND | 09 Jun 2025

Low risk categorisation under EUDR to boost Indian coffee shipments

Business Line

Regulations to come into effect from Dec 30, 2025; Indian exports top billion dollars during Jan 1 -Jun 6

Indian roads will match US standards in 2 years, says Nitin Gadkari

Business Standard | 09 Jun 2025

Trade and Commerce

TREND | 05 Jun 2025, 07:58PM

Held 3 meetings in 35 days with EU official to push FTA talks, says Goyal

Business Standard

Commerce and Industry Minister Piyush Goyal has held three meetings within a short span of 35 days with the European Commissioner for Trade Maros Sefcovic with an aim to give an impetus to the reposed negotiations for a free trade agreement. Goyal said on Thursday that India has already signed similar agreements with four-European nation bloc EFTA and the UK. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Now, India is in the process of concluding the negotiations with the 27-nation bloc European Union. "We have held three meetings in 35 days. It shows our shared commitment for the FTA... we are trying to do it faster," Goyal told reporters here. The minister is here on a two-day visit. He is meeting leaders and businesses to boost trade and investments between the two countries. The first and the second meetings between Goyal and Sefcovic were held on May 1 and May 23 in Brussels, while the third meeting concluded on June

Trade and Commerce

TREND | 04 Jun 2025

India challenges 25% US auto tariffs at WTO, seeks safeguard consultations

Business Standard

India lodges a WTO complaint over steep US auto tariffs, citing safeguard violations and reserving its right to retaliate if talks fail

India Challenges US On Auto Tariffs In Toughening Trade Stance

NDTV Profit | 04 Jun 2025 2 more

Trade and Commerce

TREND | 04 Jun 2025

India calls for WTO action on non-tariff barriers, ensuring strong dispute resolution mechanism

Business Line

The Minister also pitched for strengthening the current consensus-based approach at the World Trade Organisation

India urges WTO to act on non-tariff barriers, ensure dispute resolution

Business Standard | 04 Jun 2025 6 more

Trade and Commerce

TREND | 02 Jun 2025

India, US to give preferential market access to businesses, says Goyal

Business Standard

India and the US desire to give preferential market access to each other's businesses and teams of both the countries are working together on the proposed bilateral trade agreement, Commerce Minister Piyush Goyal has said. In February, US President Donald J Trump and Prime Minister of India Narendra Modi announced plans to negotiate the first tranche or phase of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) of 2025. It is aimed at more than doubling the bilateral trade to USD 500 billion by 2030 from the current level of USD 191 billion. "Both countries are committed to work together, both countries desire to give preferential access to each other's businesses and we are working towards the bilateral trade agreement," Goyal told reporters here. Goyal is here on an official visit to hold talks with French leaders and business representatives to boost trade and investments. When asked about an announcement of Trump to double tariffs o

Good news very soon on India-Oman free trade agreement: Piyush Goyal

Business Standard | 02 Jun 2025 2 more

Trade and Commerce

TREND | 02 Jun 2025

Indian auto delegation awaits Chinese visa to meet rare earth magnet suppliers

Business Line

Commerce Ministry and Ministry of External Affairs are in talks with their counterparts in China to expedite the process

Trade and Commerce

TREND | 02 Jun 2025

Trump's proposed 50% tariff hike may hit $5 bn engineering exports: EEPC

Business Standard

US President Donald Trump's proposed 50 per cent tariff on steel and aluminium imports could severely impact India's engineering goods' shipments, an engineering exports promotion body has said. These metals and their derivatives constitute nearly a quarter of the country's total engineering shipments to the US, the Engineering Export Promotion Council of India said. Currently, India exports around USD 5 billion worth of steel, aluminium and related products to the US annually. The existing 25 per cent tariff on steel imports, imposed by the US on March 18, 2025, has already created a tough market for Indian exporters, it said. While India's direct steel exports to the US remain limited, the tariffs have intensified global competition and disrupted trade flows. If the US implements the 50 per cent tariff on steel, aluminium and their derivatives, exports of these critical items will become more expensive, likely leading to a decline in shipments," Chairman of EEPC India, Pankaj ..