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TREND | 28 May 2025

Pernod Ricard to cut Scotch prices in India after UK trade deal

Business Standard

The India-UK FTA will reduce Scotch import duties from 150% to 40% over 10 years, making premium spirits more affordable for Indian consumers

Carbon tax not part of India-UK FTA, to be discussed outside

Business Line | 27 May 2025

Trade and Commerce

TREND | 27 May 2025

Piyush Goyal Meets Exporters, Urges Higher FTA Use; US, EU Trade Deals Figure In Discussions

NDTV Profit

The minister also stated that support could be provided to exporters to deal with European Union regulations like Digital Product Passport, they said.

Trade and Commerce

TREND | 27 May 2025

India Aiming For $1 Trillion Exports In FY25, Hoping For US Mini Trade Deal Next Month: FIEO

NDTV Profit

Order books have started filling up again after a slow one-two month phase, said Federation of Indian Export Organisations President SC Ralhan.

Trade and Commerce

TREND | 27 May 2025

Government Plans Centralised Exporters Portal; Piyush Goyal To Meet Export Promotion Councils Today

NDTV Profit

The proposed portal will be designed to serve as a one-stop platform for global importers to discover Indian goods and services across sectors.

Trade and Commerce

TREND | 27 May 2025

India's goods, services exports may reach $1 trillion in FY26: FIEO

Business Standard

The country's overall goods and services exports are expected to reach USD 1 trillion during 2025-26, according to apex exporters' body FIEO. In 2024-25, the exports were aggregated at USD 825 billion. Federation of Indian Export Organisations (FIEO) President S C Ralhan said merchandise exports will increase from USD 437 billion to USD 525-535 billion in 2025-26. He said that services exports may rise from USD 387 billion to USD 465-475 billion this fiscal. The main sectors which can help push the exports include electrical and electronics (USD 60 billion), machinery (USD 40 billion), chemicals (USD 40 billion), pharmaceuticals (USD 30 billion), petroleum (USD 70 billion), apparel and madeups (USD 23-25 billion), gems and jewellery (USD 30-35 billion) and agriculture (USD 55 billion).

Trade and Commerce

TREND | 27 May 2025

Qatar's share in India's LNG imports hits 3-year low as US gains ground

Business Line

According to the GIIGNL's 2025 report, India imported 27 million tonnes of LNG in 2024, marking a 23 per cent year-on-year growth, the second-largest global rebound.

Trade and Commerce

TREND | 26 May 2025

Government Imposes Curbs On Imports Of Cabinet Hinges, Roller Chains

NDTV Profit

Importers of both these goods would have to seek permission or a license from the DGFT if the import prices are below the specified rates.

Trade and Commerce

TREND | 25 May 2025

'Very Nuanced': Official Shares Insight On India's Auto Sector Duty Concession Offer To UK Under FTA

NDTV Profit

Duty concessions, tied to engine size and pricing, aim to protect domestic industry as India-UK FTA targets $120 billion trade by 2030.

Trade and Commerce

TREND | 25 May 2025

India's auto duty offer under UK FTA linked to engine, vehicle price quotas

Business Standard

India's duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is "very nuanced" with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said. "The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India's offer to the UK is very nuanced," the official added. India and the UK, on May 6, announced the conclusion of negotiations for the trade pact that will lower tariffs on 99 per cent of Indian exports and would make it easier for British firms to export whisky, cars and other products to India, besides boosting the overall trade basket. The aim is to double the two-way commerce by 2030 from the present USD 60 billion. Tariffs on automotive imports will b

Trade and Commerce

TREND | 23 May 2025

FTAs may fuel India's growth as a key destination for GCCs

Business Line

India recently completed the 11th round of negotiations with the EU on their proposed FTA