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NITI Aayog CEO BVR Subrahmanyam expressed optimism over an early India-US trade agreement. Amid 50 per cent US tariffs on Indian goods, both countries are committed to negotiations, aiming to boost competitiveness and double bilateral trade to USD500 billion by 2030
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The India-EFTA free trade pact, effective October 1, commits USD 100 billion investment over 15 years and promises one million jobs. It cuts duties on Swiss goods while boosting Indian services access in Europe through Switzerland, Norway, Iceland, and Liechtenstein
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India-US trade talks resumed in New York as officials, led by Brendan Lynch and Rajesh Agrawal, discussed pending trade issues. Optimism follows supportive statements by PM Modi and President Trump, signaling renewed momentum in bilateral trade negotiations amid improving relations
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A policy article warns that US President Donald Trump’s 50 per cent tariffs on Indian imports over Russian oil purchases risk alienating India and pushing it closer to China. It urges Washington to follow the UK’s collaborative free trade agreement model instead
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Canada will remove counter-tariffs on US goods covered by CUSMA starting September 1, following discussions between PM Carney and President Trump. Tariffs on steel, aluminum, and autos remain as both countries work to resolve trade issues.
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India and Oman are close to finalising their Comprehensive Economic Partnership Agreement, with the signing expected soon. The pact, currently being translated into Arabic, will reduce tariffs, ease trade norms, and strengthen bilateral trade ties exceeding USD 10 billion annually
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The India-UK Comprehensive Economic and Trade Agreement (CETA) promises significant gains for services exports, duty-free access to 99% of India’s goods, and enhanced mobility for professionals. It aims to double bilateral trade to $100 billion by 2030 while safeguarding core sectors
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The agreement promises duty-free access, boosting exports of shrimp, frozen fish, and value-added products
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The sweeping access granted to the UK must not set a precedent for FTAs with larger economies like the EU or the US
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A US trade deal offering lower tariffs on Indian labour-intensive products could give India a competitive edge, says NITI Aayog’s Suman Bery, highlighting negotiation potential and manufacturing opportunities.
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President Trump indicated that a trade deal with India is close to finalisation. Talks in Washington continue, with expectations of a phased agreement, despite concerns over energy tariffs and geopolitical tensions.
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The pact lowers tariffs on 99 per cent of Indian goods to zero in the UK market while allowing Indian workers to travel to the UK for work without changing Britain’s point-based immigration system
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Economic experts agree on the massive scale of the challenge, even as they hold out the prospect of a free trade agreement (FTA) with India as a potential generator of much-needed economic growth.
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Britain wants to reassert sovereignty over its waters and have no EU legal oversight over the deal.
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Reports suggest the talks could now continue for the rest of October, but British officials are stressing the need for clarity on whether a deal is feasible by the summit.
