Two sides also announce signing of a Security & Defence Partnership, launch negotiations for an intelligence sharing agreement & explore India’s addition to Horizon Europe programme.
India and Russia, as a part of Eurasian Economic Union (EAEU), are set to hold the 2nd round of negotiations on a trade deal next month after the Union Budget.
The year began with two major trade announcements—opening of negotiations for “first tranche” of a bilateral trade agreement with the US following PM Modi’s visit to Washington.
In a global environment where trade negotiations are increasingly shaped by domestic sensitivities and geopolitical caution, the pace of India-New Zealand FTA is analytically significant.
It’s India’s 3rd FTA with a Five-Eyes alliance member in the last 4 years. It is also the 3rd trade deal announced by New Delhi this year, after agreements with the UK & Oman.
Deal expected to be operational within 3 months and allow Indian importers to ‘replace’ imports from Turkey and source ‘better-priced’ blocks from Oman, Minister Piyush Goyal said.
Cosmetics, skincare brands set to benefit as UK pushes for fewer clearances. ‘We're excited to showcase best of UK innovation to one of world’s fastest-growing beauty markets’.
Coming in the midst of the stalled India-US trade negotiations, Anna Shotbolt tells ThePrint that the UK recognises Indian sensitivities on agriculture and dairy.
After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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