Trend Trade and Commerce - Latest news, views and updates

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 ..

Trade and Commerce

TREND | 02 Jun 2025

IATO urges govt to set up 1,000 cr board to boost foreign tourist inflow

Business Standard

This request follows IATO's repeated concerns over India's slow recovery in FTA numbers compared to 2019 levels

Trade and Commerce

TREND | 01 Jun 2025

India-UK FTA: British Airways Plans New India Flights, Eyes Cargo Opportunities

NDTV Profit

British Airways, at present, operates 56 flights a week from five Indian cities, including three weekly flights from Mumbai and two daily flights from Delhi.

British Airways plans new India flights, eyes cargo opportunities from India-UK FTA

Business Line | 01 Jun 2025 1 more

Trade and Commerce

TREND | 31 May 2025

Trump's 50% Slap Has Indian Steel Exporters Worried On Hit To $6 Billion Worth Of Goods

NDTV Profit

The Federation of Indian Export Organisations (FIEO) has expressed concerns, citing potential disruption to India's steel and aluminium exports, particularly in value-added and finished steel products

Trade and Commerce

TREND | 31 May 2025

Trump to double steel, aluminium tariffs; exporters worried

Business Line

Indian exports to US worth $7.5 bn to get further affected; high concerns about goods in transit

Doubling tariff on steel, aluminium by US to impact Indian exporters: GTRI

Business Line | 31 May 2025 1 more

Trade and Commerce

TREND | 30 May 2025

Experts emphasise the need for an inclusive approach while fulfilling corporate social responsibilities

Business Line

Software Exporters Association of Pune organises Pune Social Impact Dialogue to advance the agenda of CSR inclusivity