The deal announced by President Trump Monday evening will see India’s tariffs cut from 50% to 18%. Joint statement detailing contours of the deal is expected in a few days.
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.
PM Modi & Commerce Minister Piyush Goyal are expected to visit Muscat next week for signing of FTA. Trip coincides with discussions on India purchasing spare parts for its Jaguar fleet.
Speaking at the Global Technology Summit, Union Minister of Commerce & Industry Piyush Goyal also hit out at the European Union’s climate protection regulations, calling them 'irrational'.
IPEF is a grouping of 14 countries that together make up more than 40 per cent of global GDP. Proposed agreement aims to make supply chains more resilient, efficient, and transparent.
The idea was pitched by Piyush Goyal last week. It will help Indian goods penetrate African markets and compete with Chinese goods, says FIEO CEO Ajay Sahai.
At FICCI AGM, Union Commerce Minister Piyush Goyal said India is making headway with other free trade agreements in the making, with Australia, UK, Canada, Israel and EU.
On 29 May 1951, Jawaharlal Nehru defended adding 'reasonable restrictions' to Article 19, arguing that free speech must be balanced with national security and unity.
On bilateral ties, Admiral Paparo said India-US ties have an exponential effect on deterrence, because it demonstrates a unity of purpose among us to maintain the peace.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
New Zealand is a small country compared to a market of our size. We don’t really gain much but they gain so much from it and they think it’s unfair ?
Our market size continues to grow while they have peaked out. Farmers in our country can’t be screwed without getting necessary reforms in place.