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India and Britain could sign a free trade agreement (FTA) this year as both countries have reached a consensus on the broad contours of the proposed deal aiming to boost economic growth and jobs, a top trade ministry official said. "We want to finalize the deal at the earliest," Sunil Barthwal, India's commerce secretary, told reporters on Friday.
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India has a fairly substantial presence in Africa and trade and investments in the continent are increasing. It is for the same reason that India is looking at a Pan-Africa Free Trade Agreement.“India’s trade is $98 billion with Africa.
Union Minister for Commerce & Industry, Textiles, Consumer Affairs, Food & Public Distribution, Piyush Goyal said that the India-EU FTA negotiation is progressing well while addressing the media after the 1st India-EU Trade & Technology Council (TTC) meeting in Brussels, Belgium.
In an attempt to balance Russia's merchandise trade deficit with India, Russian Deputy Prime Minister Denis Valentinovich Manturov on Monday expressed his desire to strengthen trade with New Delhi. His remarks came as India and Russia are discussing a free trade agreement, a move that would further boost bilateral commercial ties that have flourished since the war in Ukraine.
The free trade agreement (FTA) between India and the UK is anticipated to be finalized this year, but the British trade minister in charge of the negotiations has stated that it won't include any increase in the number of free movement visa offers for Indians.
The Modi government and the Biden administration are "thinking big" in terms of their trade and commerce relationship, Union Commerce and Industry Minister Piyush Goyal said on Wednesday as he ruled out the previously talked about mini trade deal or a free trade agreement and noted that revoking of GSP is not a priority for New Delhi.
PM Modi spoke with King Charles III of UK on the telephone on Tuesday and discussed several subjects including climate change, biodiversity conservation, and solutions for the financing energy transition.
The Aus-India Economic Cooperation and Trade Agreement (ECTA) will enter into force on 29 December, announced Australia's High Commissioner to India Barry O'Farrell on Wednesday. "The date is set! The Aus-India Economic Cooperation and Trade Agreement will enter into force on 29 December, delivering new market access opportunities for both countries and securing the friendship in the decades to come," ambassador O'Farrell tweeted.
British Prime Minister Rishi Sunak has reiterated the UK's commitment to a Free Trade Agreement (FTA) with India as part of the country's wider focus on enhancing ties with the Indo-Pacific region. Delivering a talk Monday night at the Lord Mayor of London’s Banquet -- his first major foreign policy speech since taking charge at 10 Downing Street last month -- the British-Indian leader reflected upon his heritage and committed to promoting British values of "freedom and openness" around the world.
The foreign ministers of India and the United Arab Emirates (UAE) on Tuesday reviewed bilateral ties in areas ranging from food security to two-way trade, which is projected to surpass $88 billion in the current fiscal year following the signing of a free trade deal.
Australian Prime Minister Anthony Albanese today announced that country's Free Trade Agreement (FTA) with India has passed through its Parliament. This comes a few days after Albanese said that he will visit India in March next year. He announced this on the sidelines of the 17th edition of the G20 summit.
This article is a summary of important events that have taken place in last one week affecting, India's national security.
India and the Gulf Cooperation Council (GCC) are expected to launch negotiations for a free trade agreement on November 24 with an aim to boost economic ties between the two regions, an official said.
The ongoing negotiations for the proposed free trade agreement between India and the UK are likely to be concluded by March 2023, Press Trust of India reported quoting government sources as saying.
Taiwan's Deputy Economic Minister Chen Chern-chyi who is in India has expressed his country's intent to "deeply engage" with India and support the "Make in India" policy. The minister also mentioned a "possible Free Trade Agreement" with India.
India and the Gulf Cooperation Council (GCC) member countries are expected to start negotiations for a free trade agreement next month with an aim to boost economic ties between the two regions, an official said.
Prime Minister Narendra Modi held a telephone conversation with the newly-elected UK Prime Minister Rishi Sunak and agreed on the importance of early conclusion of a comprehensive and balanced FTA deal.
Trade Department Minister Greg Hands on Wednesday said that - Britain has completed the majority of sections of a free trade agreement with India but will only sign off on the deal once happy that it is fair and reciprocal.
UK home secretary Suella Braverman has quit her post amid Britain's political and economic turmoil, saying that she had breached government rules. However, she also cited concerns over the direction of Prime Minister Liz Truss, the government.
The majority of the India-UK free trade agreement (FTA) negotiations should be done by Diwali, UK government sources said on October 13. The two countries are currently negotiating a "high-ambition" deal that may contribute to a ₹28,000-crore (GBP 3 billion) increase in UK economic growth by 2035.
Piyush Goyal has said that the UK and India are working toward the Diwali deadline for the India-UK free trade agreement (FTA). The Union Commerce Minister mentioned Queen Elizabeth II's demise and said "as we are expanding our engagements, the UK is at a cusp". In August, the fifth round of FTA negotiations between the two nations came to a close.
Strategic relationships will drive engagement in the economic future: being an “ally, a trusted friend or a partner” will become increasingly important in driving investment from one country to another; and India’s participation in the Indo-Pacific Economic Framework (IPEF) will help increase comfort levels for companies when they decide on their investments, commerce, and industries minister Piyush Goyal has said.
India and the UK will continue to work intensively to meet the Diwali deadline at the end of October for a Free Trade Agreement (FTA) announced during the India visit of outgoing British Prime Minister Boris Johnson, a UK government statement said.
The pact between India and UK means Indian senior secondary school or pre-university certificates will be accepted for entry to Britain’s higher education institutions while UK’s A-levels and their equivalents and undergraduate and postgraduate degrees will be recognised in India.
India and the European Union (EU) have re-launched negotiations for free trade agreement (FTA) after a 9-year lull, the Ministry of Commerce & Industry said on Saturday.
In the wake of the row over remarks on the Prophet, PM Narendra Modi’s first visit to a West Asian country will take place towards the end of the month, said sources. The PM will visit the UAE on his way to attend the G7 summit in Germany from June 26-28.
Union Minister of Commerce and Industry, Piyush Goyal will also be visiting UK on May 26 - May 27 to hold discussions with UK govt and businesses on the progress made in FTA negotiations and the way forward.
The historic India-UAE Comprehensive Economic Partnership Agreement (CEPA) which was signed between the two nations on February 18, officially entered into force and the first consignment of goods has been flagged off from New Delhi, which will now attract zero customs duty under this Agreement, is expected to reach Dubai on Sunday.
Union Commerce Minister Piyush Goyal on Wednesday (April 6) paid a visit to the University of Melbourne as part of his three-day visit to Australia. He was accompanied by Australia's Trade Minister Dan Tehan and Allan Myers, Chancellor, University of Melbourne, at the Melbourne Law School in The University of Melbourne. "The University of Australia, particularly welcomes the terms of agreements that focus on students, education and research," said University of Melbourne Provost, Professor Nicola Phillips.
Commerce and Industry Minister Piyush Goyal has said that India and Australia should look at boosting the bilateral trade to USD 100 billion by 2030 from the current level of around USD 27.5 billion.
India and Australia on Saturday signed a comprehensive interim free-trade agreement that will provide zero duty exports to 100% tariff lines from India to the Australian market, benefiting labour-intensive sectors besides providing greater access to the services space.
Australia is on the brink of finalizing a free-trade agreement with India with an announcement possible in “coming days,” as the government works to strike a deal less than two months before an expected May election. Australian Trade Minister Dan Tehan said that he and his Indian counterpart Piyush Goyal were meeting daily and “getting very close” to reaching a deal. Tehan said he was hopeful that there could be an announcement soon.
The Agreement will take India-UAE economic and commercial engagement to the next level.
India opted to remain out of RCEP in 2020. This policy decision evoked strong reactions from people. Now Indian government is starting FTA (free trade agreement) discussions with the United Kingdom. This could very well be a marriage of convenience as Britain is also in a dire need of trading partners after Brexit which resulted in the UK losing the European market.
Marking a significant milestone in the fight against black money suspected to be stashed abroad, Switzerland has mobed up to provide the first tranche of details about financial accounts to 75 countries including India under Automatic Info Exchange Framework.
India has weighed a positive load as it has laid red carpet Foreign Tourist Arrivals have increased 1.25 lakh as compared to last year in the month of March.
