FTAS
UK Elections 2024 Result: How Keir Starmer's 400-paar feat for Labour party will impact India-Britain relations UK Elections 2024: The likely change in UK government leadership raises questions about its impact on policies, particularly concerning India, a crucial trade partner currently negotiating a free trade agreement (FTA). Both the Conservatives and the...
05 Jul, 2024, 03.01 PM ISTIndia-UK FTA: Dynamics set to change after Starmer-led Labour Party's election victory? India-UK FTA: Keir Starmer's Labour Party is poised to end the 14-year Conservative Party rule in the UK, with Starmer set to become the next Prime Minister. The change in government is expected to have minimal impact on India-UK relations, particul...
05 Jul, 2024, 02.55 PM ISTConfident of $800 billion exports in FY25: Piyush Goyal Amidst global challenges, India's export sector is anticipated to thrive under Minister Goyal's projections. Efforts to establish specific targets, navigate FTA negotiations, and preserve diamond export interests are crucial in sustaining India's ex...
30 Jun, 2024, 01.13 AM IST- ADVERTISEMENT
Must evolve to eased, 3-tier GST rate format: CII Prez Sanjiv Puri India needs to transition towards a three-tier rate structure in goods and services tax over time, according to Confederation of Indian Industry president Sanjiv Puri. Puri suggests creating a GST Council-like structure for pushing reforms, some of ...
17 Jun, 2024, 05.30 AM ISTIndia-UK FTA talks: Pending issues to be resolved after UK polls The issues that need to be ironed out include duties in sectors like electric vehicles, alcoholic beverages and services. General elections in the UK will be held on July 4.
15 Jun, 2024, 12.02 AM ISTA 60% fall! Does falling FDI call for policy recalibration? RBI reported a 62% drop in net FDI flows into India to USD 10.6 bn in FY24, the lowest since 2007. Select sectors benefit from the "China+1" trend, attracting opportunistic foreign investments. India requires comprehensive policy recalibration, alig...
14 Jun, 2024, 01.45 PM ISTDomestic market access for SEZs, SOP for trade pacts likely in 100-day plan The commerce department is developing a 100-day action plan focusing on various key areas. This includes allowing Special Economic Zones (SEZs) to sell in the domestic market, setting up a comprehensive trade information platform, standard operating...
13 Jun, 2024, 12.11 AM ISTNeed to build on success of PLI schemes, recent FTAs, PPP governance model: Piyush Goyal Goyal said that there is a need to introspect and coordinate better between departments and emphasised the importance of research and development and strengthening the public-private partnership (PPP) model of governance.
12 Jun, 2024, 12.00 PM ISTGlobal standards with FTAs India recently concluded a trade and economic partnership agreement with the European Free Trade Association (EFTA) comprising Iceland, Liechtenstein, Norway, and Switzerland. The agreement includes innovative features like linking potential investm...
11 Jun, 2024, 11.25 PM ISTIndia's foreign policy priorities under Modi 3.0 Narendra Modi is all set to become India’s Prime Minister for a third consecutive term. Here's a look at the likely foreign policy priorities under Modi 3.0.
08 Jun, 2024, 08.17 PM ISTMercedes Benz eyes reduced trade barriers from new India government Mercedes-Benz is urging the next government to prioritise the forging of more free trade agreements and reducing trade barriers to boost sales in the country's growing luxury car market. The company's India head emphasized the importance of FTAs for...
31 May, 2024, 03.17 PM ISTWhy reforming the WTO dispute settlement mechanism is imperative The 13th Ministerial Conference of WTO in Abu Dhabi renewed commitment to a well-functioning Dispute Settlement Mechanism (DSM) by 2024, crucial for the rules-based multilateral trading system.
25 May, 2024, 10.18 AM ISTCommerce ministry's draft strategy to negotiate future FTAs to be circulated among key departments soon The commerce ministry has developed a draft comprehensive strategy for future Free Trade Agreements (FTAs). The draft will reviewed by key departments, aiming to streamline negotiation processes with India's trading partners. The strategy, presented...
21 May, 2024, 01.49 PM ISTIndia has sufficient domestic tyre capacity; imports must not be liberalised through free trade pacts: ATMA ATMA in India opposes FTAs liberalizing tyre imports, with adequate manufacturing capacity. Calls to safeguard domestic industry from duty concessions. Rs 2,000 crore worth of tyres imported in FY24 despite domestic industry's capacity. Leading manu...
20 May, 2024, 03.20 PM ISTIndia held two-day "Chintan Shivir" to formulate strategy and SOPs for FTAs The commerce ministry's two-day "Chintan Shivir" aimed to develop strategies for free trade agreements (FTAs), focusing on India's trade vision for 2047 and new FTA disciplines. Experts emphasized consultation with stakeholders and timely sharing of...
20 May, 2024, 12.43 PM ISTComm Min holds discussions on formulating SOPs to negotiate FTAs The commerce ministry discussed formulating SOPs for negotiating FTAs during a Chintan Shivir, engaging with trade partners like the UK, EU, Peru, Australia, and the Eurasian Economic Union. The discussions included India's trade strategy, vision 20...
19 May, 2024, 04.04 PM ISTPlan to put in place SOP for negotiations on trade pacts India plans to establish an SOP for negotiating FTAs, addressing labor, environment, gender, and indigenous peoples. The Chintan Shivir will discuss strategies for FTAs, including the Carbon Border Adjustment Mechanism and critical minerals.
16 May, 2024, 12.39 AM ISTIncreasing FTAs key strategy for enhancing financial services exports: DFS Secy Financial Services Secretary Vivek Joshi emphasized the importance of increasing Free Trade Agreements (FTAs) to boost India's financial services exports during a workshop on financial services in FTAs. The event, jointly organized by the Department...
15 May, 2024, 09.38 PM ISTFTAs and new markets will increase India's export to USD 1 trillion by 2030 With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.
29 Mar, 2024, 01.32 PM ISTIndia does not rush into trade agreements if it is not fair, balanced, equitable: Goyal India's Commerce and Industry Minister, Piyush Goyal, emphasizes that India does not rush into Free Trade Agreements (FTAs) unless they are equitable, balanced, and fair for the country. He highlights the changed ground realities in India and stress...
23 Feb, 2024, 03.08 PM IST