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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

Trade and Commerce

TREND | 23 May 2025

Pakistan to offer mining concessions to US firms in tariff negotiations: Minister

Business Line

Jam Kamal, Pakistan's Commerce Minister, said the country will grant US firms access to strategic mining opportunities in Balochistan through joint ventures with local partners

Trade and Commerce

TREND | 22 May 2025

'Omanisation' last key issue in concluding India-Oman FTA talks: Official

Business Standard

The negotiations for the proposed India-Oman free trade agreement are nearing conclusion with both sides discussing the last issue of the Gulf country's labour-related 'Omanisation' policy, as New Delhi wants the current regime to remain unchanged for its workers, an official said. Omanisation is a policy implemented by Oman to boost the employment of its citizens in the private sector. The policy mandates companies to meet specific quotas for hiring Omani nationals. These quotas vary by sector and are periodically revised. "There is a requirement in Oman for companies to employ a specified percentage of Omani nationals, which varies by sector - 15 per cent or 20 per cent or 30 per cent...What we want is that this current regime of Omanisation should remain permanent for us, so that it does not become more restrictive in the future after the FTA is finalised," the official said. The negotiations received a much-needed impetus after the visit of Commerce and Industry Minister Piyush

UK to give non-discriminatory treatment to India in procurement under FTA

Business Standard | 22 May 2025

Trade and Commerce

TREND | 22 May 2025

China updates free trade deal with Asean as US tariff war escalates

Business Standard

China and Asean conclude negotiations to modernise their 15-year-old FTA, even as Beijing and Washington agree to a 90-day tariff truce following weeks of trade retaliation

Trade and Commerce

TREND | 21 May 2025

Trading with India will be 'quicker, cheaper, easier' post-FTA, says UK

Business Standard

It will be quicker, cheaper and easier for British companies to trade with India as a result of the bilateral Free Trade Agreement (FTA) struck earlier this month, the UK government said on Wednesday. Business and Trade Secretary Jonathan Reynolds described the FTA as the best deal India has ever agreed to as he convened a revamped advisory board for its first meeting, tasked with boosting exports to grow the UK economy. The Board of Trade, made up of UK business experts, is charged with delivering targeted support for small businesses across the country and helping firms utilise the exporting opportunities from the UK's recent FTAs with the India pact followed by a US deal. Today marks the beginning of a new chapter for British trade. This Board isn't just a talking shop it's a hands-on, dynamic force that will help businesses of every size access global markets and seize the opportunities created by our landmark trade deals, said Reynolds, who concluded the UK-India FTA...

Trade and Commerce

TREND | 21 May 2025

India Aims To Bypass Reciprocal Tariffs Via Mini Deal With US By July

NDTV Profit

Commerce Minister Piyush Goyal is currently leading an Indian delegation for trade talks in Washington.