INDIA EU FTA
Greet Europe with Car'bon' Jour: Turning CBAM from trade barrier to green opportunity for India
The European Union's carbon tax on imports poses challenges for India's trade. India and EU are negotiating a free trade agreement. The carbon tax could affect Indian exports like steel and aluminium. India is concerned about the tax's impact on its industries. India needs to develop ways to measure carbon emissions.
CUTS International’s final round-table: Need to sharpen India’s industrial and innovation policy, says Dr Montek Singh Ahluwalia
Experts at CUTS International's roundtable discussed India's future, emphasizing infrastructure development, public goods delivery, and trade expansion. Participants urged for sharpened industrial policy, greater state policy flexibility, and strategic autonomy amidst global challenges. The discussion highlighted the need for skills development, defence self-reliance, and addressing climate change impacts for India's centenary year.
Rare earth, copper mining: What lies in store for India investors? Amit Gupta explains
Amit Gupta from Motilal Oswal Private Wealth highlights emerging opportunities for Indian markets amidst geopolitical tensions. Focus shifts to sectors like semiconductors and rare earth elements. India's significant rare earth reserves and rising copper prices present investment potential. Government initiatives to boost AC exports create opportunities in the consumer discretionary sector.
CII President bats for DFI-style fund to ease MSME credit woes
CII president Rajiv Memani emphasised the need to ease compliance and regulatory burdens on MSMEs to foster their growth.
The dragon is tightening its hold: Can India defy it?
Amidst geopolitical tensions, China is reportedly hindering India's manufacturing growth through export restrictions and regulatory pressures, aiming to maintain its global dominance. This strategy impacts key sectors like electronics and EVs. However, India is responding by incentivizing local production, seeking alternative partnerships, and upskilling its workforce.
Need a machete, not a memo: NITI Aayog’s Arvind Virmani on why MSME reform needs more than new laws
Arvind Virmani says that Trump’s tariffs presents an opportunity for MSMEs to expand and look for new buyers.
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Import duty cut on US farm goods under trade pact could undermine India's food security: GTRI
GTRI cautions India against lowering import duties on US farm goods in the proposed trade agreement, emphasizing potential threats to food security. Cheap, subsidized US grains could flood Indian markets, harming local farmers and destabilizing rural livelihoods. Maintaining tariff flexibility is crucial to protect over 700 million people dependent on agriculture and manage global price volatility.
Piyush Goyal to meet exporters on June 30 amid global tensions
Commerce Minister Piyush Goyal will meet with exporters and industry leaders on June 30 to address India's goods and services exports amid West Asia tensions and ongoing trade negotiations. India aims for $900 billion in exports this fiscal year, even as trade talks continue with the US, UK, and EU.
UK's global trade outlook sees India as Asia's 'standout growth engine'
India is set to become the world's third-largest economy by 2028. A new trade deal between the UK and India gives British businesses an edge. The UK-India FTA aims to boost trade and economic growth. UK products will see tariff reductions, saving businesses millions. The deal is expected to increase bilateral trade significantly.
India-UK FTA to include co-equal origin provision; product-specific norms to offer flexibility
The India-UK FTA introduces "coequal" origin rules, offering flexibility for goods to qualify for reduced tariffs by meeting any origin criteria. This approach, along with digital certificates of origin, aims to improve access and compliance. India anticipates zero duty benefits for 99% of exports to the UK, while the UK will cut tariffs on 90% of product lines.
India builds 4-lane FTA roadmap: US and EU in sight, minerals and neighbours next
India is actively pursuing free trade agreements with various countries. The focus is on developed nations, mineral-rich countries, developing economies, and neighboring countries. Negotiations are underway with the United States, the European Union, Chile, and others. The government aims to secure critical resources and boost exports.
Focused on doing trade deals to complement, not compete: Piyush Goyal
Piyush Goyal emphasized India's strategic shift towards trade agreements with complementary economies, citing deals with the UK, Australia, and the UAE. He highlighted the UK-India FTA's potential to boost science, technology, and innovation, fostering collaboration and trust.
Allied Blenders to expand in global markets, increase premium offerings
Allied Blenders and Distillers Ltd is expanding its super-premium and luxury portfolio through a 'build, buy, and partner' strategy, aiming for global growth. Driven by premiumisation trends and rising disposable incomes, ABDL is increasing exports, now reaching 23 countries, including expansion into the US and Africa.
Quality control can be eased for trusted partners: Piyush Goyal
The minister, on a four-day visit to Switzerland and Sweden, said discussions on 90% of content were complete on India-EU FTA, with services and rules of origin negotiations slated to start from Monday. However, he said, key issue to be addressed is non-tariff barriers to make it easy to do business.
Piyush Goyal says addressing non-tariff barriers key to India-EU trade pact
Commerce and Industry Minister Piyush Goyal announced that India and the EU are nearing completion of FTA talks, with significant progress made in resolving non-tariff barriers. Goyal highlighted that over half the chapters are ready and market access is almost 90% complete. Discussions are ongoing to address regulatory hurdles and promote smoother trade.
GIFT Nifty down 30 points; here's the trading setup for today's session
Indian stock markets closed slightly up on Wednesday. Positive news regarding US-China trade and the India-EU FTA may influence market sentiment. Analysts suggest buying on dips, with support at 24,850. India VIX decreased, indicating reduced market fear. FIIs net sold shares, while DIIs were net buyers. The Rupee strengthened against the US dollar.
India-EU Free Trade Agreement feasible by end of 2025: S Jaishankar
External Affairs Minister S Jaishankar has expressed optimism about the India-EU Free Trade Agreement (FTA) negotiations, stating that significant progress has been made and the year-end timeline for completion seems feasible. He highlighted the broad scope of India-EU relations, encompassing defence, security, and talent mobility.
Five chapters finalised in India-EU FTA
India and the EU concluded five chapters, including intellectual property and trade facilitation, during the 11th round of FTA talks in New Delhi. Discussions also addressed easing certification processes under India's Quality Control Orders.
Jaishankar calls on EU to view Pakistan issue as India vs 'Terroristan'
External Affairs Minister S Jaishankar, speaking in Brussels alongside EU High Representative Kaja Kallas, reframed the India-Pakistan conflict as India versus "Terroristan," emphasizing India's zero-tolerance stance on terrorism following the April 22 Pahalgam attack, which killed 26 people.
Govt may help MSMEs register products abroad: Piyush Goyal
Piyush Goyal announced India's plan to launch a scheme supporting MSMEs in registering products overseas, aiming to boost exports of value-added goods. He highlighted ongoing FTA negotiations with the EU, New Zealand, and Oman, anticipating a deal with the EU soon.
Govt considering scheme to help MSME exporters register goods in new markets: Goyal
The minister is in Switzerland on an official visit to hold meetings with Swiss leaders and companies to boost trade and investments between the two countries.
EU, India will beat expectations by wrapping up FTA talks early: Piyush Goyal
India and the European Union are working to finalize the Free Trade Agreement talks before the deadline. Piyush Goyal met Maros Sefcovic multiple times to speed up negotiations. India-Italy bilateral trade is currently suboptimal. India proposed an industrial enclave for Italian companies in India. The aim is to boost trade, investment, and tourism between the two nations.
Held 3 meetings in 35 days with EU trade commissioner to push FTA talks: Goyal
India and the European Union are actively pursuing a free trade agreement. Commerce Minister Piyush Goyal and European Commissioner Maros Sefcovic have met multiple times recently. India has already signed agreements with EFTA and the UK. Negotiations with the EU stalled in 2013 but resumed in June 2022.
EU FTA to be comprehensive, not interim: Officials
India and the EU are negotiating a comprehensive free trade agreement. It will not include an early harvest deal. Discussions are ongoing regarding Geographical Indications. Investment protection is also being discussed. Both sides are addressing concerns like the EU's carbon border adjustment mechanism. India may impose retaliatory duties if the EU imposes a carbon tax.
India, US desire to give preferential market access to businesses; talks on for trade pact: Goyal
India and the US are actively pursuing a bilateral trade agreement to boost economic ties, aiming to more than double trade to USD 500 billion by 2030. Despite concerns over potential tariff hikes on steel and aluminum, both nations are committed to resolving trade issues bilaterally.
"Will negotiate a fair balance," Piyush Goyal optimistic of wrapping up FTA with EU by year end
India aims to finalize a Free Trade Agreement with the European Union by year-end. Commerce Minister Piyush Goyal sees minimal disagreements. Both economies complement each other, boosting growth. Sensitive issues need resolution. India emphasizes gender equality and sustainability. The FTA focuses on market access and trade. It promises broader economic opportunities and benefits for consumers.
India, EU can wrap up FTA talks before year-end: Piyush Goyal
Commerce Minister Piyush Goyal expressed optimism that India and the EU could finalize a comprehensive free trade agreement by year's end, citing significant progress and complementary economies. While sensitive issues remain, both sides are committed to resolving them amicably. Negotiations resumed in 2022 after an eight-year hiatus, with bilateral trade reaching $137.41 billion in fiscal 2024.
WTO meet on June 3 in Paris: India to raise issues on agri, fisheries, investment facilitation
India will voice its concerns regarding agriculture, fisheries agreement, and the WTO's appellate body dysfunction at a Paris meeting of trade ministers on June 3. Commerce Minister Piyush Goyal will attend the meeting, raising issues like investment facilitation proposals led by China.
UK flags new Indian market for Scottish salmon trade after FTA
The UK government highlights the India-UK FTA's benefits for Scotland, particularly for salmon and whisky industries. Tariffs on Scottish salmon exports to India will drop from 33% to 0%, while whisky tariffs will be halved initially and reduced to 40% over the next decade.
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