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Searched Tag: trade deal
In the wake of escalating trade tensions between the United States and China, concerns are mounting over the possibility of India becoming a dumping ground for Chinese products, particularly electric vehicles (EVs) and batteries.

India faces dumping threat amid US-China trade tensions

May 15, 2024, 05:57 PM - 2 min read

With the U.S. and the European Union (EU) reducing imports of electric vehicles from China, there's a risk that China could resort to dumping these products in countries like India.

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As India and Australia deliberate on the ongoing negotiations for a more comprehensive trade deal, a recent parliamentary report from Australia has cast a shadow over the existing India-Australia trade agreement, citing concerns over child labour practices in India.

Australian parliamentary report raises concerns over child labour in India amid trade negotiations

May 8, 2024, 03:28 PM - 2 min read

The report, submitted to Australian lawmakers, questions the alignment of the 2022 India-Australia trade deal with Canberra's policy priorities, particularly in light of potential implications for labour and environmental standards.

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Recently, in an interactive session with Pakistan’s Prime Minister Shehbaz Sharif, several business leaders urged him to initiate trade talks with India to promote business and commerce, which in response, would greatly benefit the former’s cash-strapped economy.

Business leaders urge PM Shehbaz Sharif to initiate trade talks with India for economic boost

April 25, 2024, 01:02 PM - 2 min read

While praising Prime Minister’s determination to tackle economic issues, the Karachi’s business community advised him to focus more on bringing political stability to the ‘turn-around’ economy.

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Indian Prime Minister Narendra Modi is likely to prioritise completion of free trade deals with Britain and Oman in the first 100 days of the next government if he wins upcoming elections as opinion polls predict, two government sources said.

India keen on trade deals with Britain, Oman early in PM Modi's probable third term: Report

March 29, 2024, 01:57 PM - 2 min read

Key objectives of this ambitious plan are expected to be deliberated on May 1, amidst India's seven-phase election, slated to commence on April 19 and conclude with vote-counting on June 4. While the trade ministry and Modi's office are yet to comment officially on the matter, a spokesperson for Britain's department for business and trade expressed commitment to advancing bilateral trade negotiations.

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Foreign Minister of Pakistan, Mohammad Ishaq Dar.

Pakistan contemplates restarting trade with India: Foreign Minister Dar signals potential move

March 25, 2024, 07:48 AM - 2 min read

Dar stated that the issue had been brought to his attention by Pakistani businesspersons last year and made it clear that any decision would be made following extensive consultations with all stakeholders.

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Bhutan to issue health certificates for food exports to India

Bhutan to issue health certificates for food exports to India

March 13, 2024, 07:37 PM - 2 min read

India and Bhutan forge food safety cooperation agreement, enhancing food safety cooperation to streamline trade and reduce compliance costs, with BFDA issuing Health Certificates for food exports to India, aiming to boost trade while improving standards.

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A team of UK negotiators that was in New Delhi to try and iron out the remaining issues holding up a bilateral free trade agreement (FTA) are on their way back to London on Friday with a deal yet to be finalised, according to officials familiar with the discussions.

UK negotiators return from New Delhi empty-handed as bilateral trade agreement remains elusive

March 8, 2024, 07:04 PM - 2 min read

“It is possible that that will be done but I am very resistant to deadlines being set on trade negotiations because it runs down the clock. It is very possible that we can sign but I am not using it as a deadline for the work that I am carrying out basically,” she said.

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India's efforts to strengthen economic ties with the European Free Trade Association (EFTA) are close to fruition, as sources suggest a free trade agreement (FTA) promising significant investments and job creation is nearing finalization.

India-EFTA free trade agreement nears formalization, promising billions in investments and jobs

March 5, 2024, 10:10 AM - 2 min read

"This is the first FTA for India where it has been able to get a commitment on investment and employment from the partner nations. The EFTA countries are looking at investing in joint ventures in areas such as pharmaceuticals, especially medical devices, certain chemicals, food processing, and engineering products," disclosed an official closely monitoring the negotiations.

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Finance Minister Nirmala Sitharaman. Image X.

Finance Minister Sitharaman champions Rupee trade Revolution at JNU lecture

March 1, 2024, 09:32 PM - 2 min read

Finance Minister Nirmala Sitharaman delivered significant insights during the Pandit Hriday Nath Kunzru Memorial Lectures 2024 at JNU, shedding light on India's robust economic fundamentals and the evolving global trade scenario.

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India and Oman are on the brink of sealing a comprehensive economic partnership agreement aimed at bolstering trade and commerce between the two nations.

India closes in on trade deal with Oman as Mideast ties strengthen

February 27, 2024, 02:46 PM - 2 min read

From India's perspective, the focus lies on securing reduced tariffs on exports to Oman, spanning an array of sectors including rice, pharmaceuticals, petroleum, and steel. Additionally, India aims to facilitate easier access for its professionals, including doctors, nurses, engineers, and other skilled workers, into the Omani market.

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