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TREND | 24 Jun 2025

India, UK trade deal likely to be signed by July end, says official

Business Standard

The process of legal scrubbing of the India-UK free trade agreement (FTA) text is progressing at a faster pace, and the pact is expected to be signed by the end of July, an official said on Tuesday. To give an impetus to the process, Commerce Secretary Sunil Barthwal is in London with his official team. Barthwal will meet UK Secretary of State for Business and Trade Jonathan Reynolds and other British senior officials during his two-day visit. The two countries announced the conclusion of the negotiations on May 6. It will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to USD 120 billion by 2030. The world's fifth and sixth-largest economies concluded the deal after three years of on-off negotiations. Once the FTA is signed, it will require approval from the British Parliament and India's Cabinet before it can take effect

Trade and Commerce

TREND | 24 Jun 2025

No sign of panic among Indian exporters; shift to Cape of Good Hope route

Business Standard

Despite Iran-Israel instability, exporters report no disruption in trade as 96 per cent of India's container traffic shifts to the Cape of Good Hope route

Trade and Commerce

TREND | 24 Jun 2025

Social Security Part Of Every FTA India Is Negotiating, Say Government Sources

NDTV Profit

With increasing labour mobility and overseas employment, clauses on social security coordination are now non-negotiable, the sources said.

Trade and Commerce

TREND | 23 Jun 2025

Asean stonewalling progress of FTA review talks with India: Official

Business Standard

Asean nations are stonewalling the progress of the ongoing negotiations on the review of the existing free trade agreement in goods signed in 2009, and the talks are moving "very" slowly, an official said on Monday. The review of the agreement is a long-standing demand of Indian industry and India is looking forward to an upgraded pact, which will address the current asymmetries in bilateral trade and will make trade more balanced and sustainable. "So far, nine rounds of talks have been completed. They are going very slow. Very less progress is there. Asean is stonewalling the talks," the official, who did not wish to be named, said. After the implementation of the agreement, India's exports stood at only about USD 38-39 billion annually, while imports from the 10-nation Asean bloc have jumped to USD 86 billion, the official added. Asean countries have opened less number of tariff lines or product categories for India. India has offered duty concessions on over 71 per cent of the .

Govt holds wide FTA talks to protect domestic industry: Piyush Goyal

Business Standard | 23 Jun 2025

Trade and Commerce

TREND | 23 Jun 2025

ASEAN stonewalling progress in review of FTA with India, say officials

Business Line

During FY25, India's exports to the ASEAN bloc declined 5.7 per cent to $38.96 billion while imports increased 5.6 per cent to $84.16 billion

ASEAN FTA: Industry Unhappy With Lopsided Pact, Renegotiation Showing Little Progress, Say Sources

NDTV Profit | 23 Jun 2025

Trade and Commerce

TREND | 23 Jun 2025

Rice Exporters See Payment Delays And Ship Movement Disruptions Amid Iran-Israel Conflict

NDTV Profit

The escalation in the Israel-Iran conflict is going to impact the Indian market which is already witnessing some fall in the prices

Freight Costs Surge As Indian Exporters Abandon Red Sea Route Amid Israel-Iran Tensions

NDTV Profit | 23 Jun 2025

Trade and Commerce

TREND | 23 Jun 2025

Stainless Steel Utensil Makers Seek Relief As BIS Norms Threaten To Disrupt Industry

NDTV Profit

In a letter to Commerce Minister Piyush Goyal, the All India Stainless Steel Industries Association called for an immediate extension of QCO deadlines for micro and small units.

Trade and Commerce

TREND | 22 Jun 2025

West Asia conflict: Exporters in dire straits as Hormuz trade route erupts

Business Standard

China-Gulf spot rates climb 55% in a month as tensions mount

Trade and Commerce

TREND | 22 Jun 2025

India pursuing FTAs with mature, rule-bound markets: S Jaishankar

Business Standard

External Affairs Minister S Jaishankar says India's trade policy has shifted in the past 11 years to target transparent and stable economies over Southeast Asian competition

Jaishankar calls India's trade pacts with mature markets 'space to watch'

Business Standard | 22 Jun 2025

Trade and Commerce

TREND | 22 Jun 2025

Egyptian foreign minister calls off India visit amid West Asia tensions

Business Standard

Egyptian foreign Minister Badr Abdelatty's two-day visit to India beginning Monday has been called off in view of the escalating tension in the Middle-East following the US's bombing of three major nuclear sites in Iran. Badr was scheduled to hold wide-ranging talks with External Affairs Minister S Jaishankar and Commerce Minister Piyush Goyal on Monday. The visit of the foreign minister of Egypt has been postponed, said an official.