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.
Central to China's growth model was the property sector — housing construction, land sales, and real estate investment. The consequences of that dependency are now becoming evident.
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.
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.