"free-trade-agreement-fta"

German Chancellor Friedrich Merz’s India visit underscored deepening strategic convergence as both nations navigate global geopolitical and economic uncertainties

A deal with Oman could provide the springboard India needs to find other markets in the region and in Africa

India’s free trade agreement with the EFTA bloc—Switzerland, Norway, Iceland, and Liechtenstein—came into effect on October 2, 2024. It brings $100 billion investment promise, creates 1 million jobs, cuts tariffs, boosts Indian exports and service sector access

India and Germany have agreed to work towards doubling their trade, which reached $33.4 billion in 2024. Both nations support a speedy conclusion of the India-EU FTA. Germany remains a key investor and trading partner for India

Products certified by CDSCO and ICMED will now face fewer regulatory barriers, boosting Indian competitiveness in the British market

Commerce Minister Piyush Goyal criticised UPA-era trade deals and confirmed ongoing talks with the EU, US, and other nations

The sweeping access granted to the UK must not set a precedent for FTAs with larger economies like the EU or the US

Aiming for a final deal by end-2025, an interim agreement is being explored as talks progress, with the next round scheduled for September

With multilateralism slowing, India is pursuing new trade pacts, including with the US and EU. Nearly 95 per cent of Indian farm goods will get duty-free UK access

The FTA removes most tariffs, boosts jobs, and enhances competitiveness for sectors like textiles, leather, electronics, and jewellery in both nations

The bloc has committed USD 100 billion investment over 15 years, with India offering lower tariffs on Swiss products and expanded services access

Finance Minister Nirmala Sitharaman said free trade talks with the US and EU are progressing fast. India aims to hit USD 2 trillion in exports by 2030, backed by strong FDI, digital infrastructure, and record-high USD 825 billion exports in FY25

Commerce Minister Piyush Goyal is in London to finalise the India-UK Free Trade Agreement. He’ll meet key UK officials and business leaders to boost trade, investment, and collaboration in sectors like manufacturing, fintech, and creative industries

Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations

The two sides have agreed to conclude the agreement in two phases on account of the uncertain global trade environment, particularly due to the US tariff actions under President Donald Trump

India should focus on expanding trade with developed countries rather than developing nations, leveraging its skilled and cost-effective labour advantage

UK's Secretary of State for Business and Trade Jonathan Reynolds will be here for resumption of the talks. He will hold a bilateral meeting with Commerce and Industry Minister Piyush Goyal

The sector can make 2021 a year of progress by focusing on USA for apparels, as the textile industry had benefited from the volumes in the market in the first 10 months of 2020, ITF convenor Prabhu Dhamodharan said