INDIA EUROPEAN TRADE PACT
India-EU trade talks: Goyal to visit Brussels this month
This month, India's Commerce Minister Piyush Goyal is set to embark on a significant journey to Brussels, focused on revitalizing the free trade agreement discussions with the European Union. After a series of proactive dialogues and deeper collaboration between India and the EU, both parties are hopeful of sealing the deal by December.
EU finally has a plan to fend off the US and China, but it’s running out of time
The EU faces a critical challenge as American and Chinese competitors undermine its long-standing defense and economic systems. Despite recent protectionist measures, a senior official warns the bloc's piecemeal approach is insufficient. Leaders are urgently seeking to reduce strategic dependencies and bolster its industrial base, acknowledging that inaction threatens sovereignty and competitiveness.
Trade talks are on in cordial atmosphere with US; farmer, MSME interest will be protected: Piyush Goyal
India's Commerce Minister Piyush Goyal stated that trade talks with the US are progressing cordially, with New Delhi prioritizing the protection of its farmers, fishermen, and MSME sectors. Both nations aim to conclude the first phase of a bilateral trade agreement by fall 2025, with a goal to more than double bilateral trade to $500 billion by 2030.
Mahindra Group, Embraer ink pact to offer C-390 millennium aircraft to IAF
Brazilian aerospace firm Embraer Defense & Security and India's Mahindra Group have signed a strategic cooperation agreement to jointly offer the C-390 Millennium for the Indian Air Force's Medium Transport Aircraft program. This pact aims to establish local manufacturing, assembly, and maintenance capabilities for the aircraft in India, expanding on a previous memorandum of understanding.
India widens hunt for rare earths — eyes Chile, Peru trade deals to ease supply
India is actively working to secure its rare earth mineral supply. The nation is negotiating trade agreements with Chile and Peru, while also boosting domestic exploration efforts. Startups are being encouraged to participate in recycling and processing rare earth waste. These measures aim to diversify supply chains and reduce reliance on single sources, ensuring a stable future for critical minerals.
Piyush Goyal criticises Congress-era FTAs with Japan, Korea over export woes
Commerce Minister Piyush Goyal criticized Congress-era trade pacts with Japan and South Korea, citing minimal export growth and surging imports. He questioned the decision to join RCEP talks, highlighting India's growing trade deficit with China and the potential benefits to China under such agreements.
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Trump says he expects expansion of Abraham accords soon
Donald Trump expressed optimism about an imminent expansion of the Abraham Accords, specifically hoping for Saudi Arabia's inclusion. He believes Saudi Arabia's participation would encourage other nations to join the pact that normalized relations between Israel and several Arab states. Trump indicated recent positive discussions with potential new signatories.
Govt working on steps to improve supply of rare earth minerals: Piyush Goyal
India is ramping up its production of essential rare earth minerals, as the government actively pursues trade agreements with Chile and Peru. Encouraging homegrown exploration is a priority, and innovative startups are stepping up to the plate by focusing on recycling and processing these key resources.
India, Brazil agree to deepen economic ties; set $20 billion trade target by 2030
Both countries agreed to broaden the Preferential Trade Agreement under the Mercosur framework and to strengthen long-term cooperation in civil and defence sectors.
India, Brazil agree to expand scope of existing trade pact between India-Mercosur bloc
India and Brazil agreed to expand their existing preferential trade pact with Mercosur to boost economic ties. The two nations aim to conclude negotiations for a full-fledged agreement within one year, targeting a significant increase in bilateral trade to USD 20 billion over five years.
India expands FTA outreach; active trade talks underway with US, EU and Oman, says Piyush Goyal
India is making waves on the global trade front by negotiating new pacts with developed nations. Talks are currently in progress with the US, EU, and Oman, showcasing India's rising prominence in the eyes of investors. The nation also seeks to broaden its trading horizons in South America.
India, EU trade pact talks in last leg: Commerce Secy
India and the European Union are on the brink of finalizing their free trade agreement negotiations. Progress has been remarkably smooth, with expectations to wrap up by December. Officials are currently focused on the intricate Rules of Origin. Next month, EU delegates are set to visit New Delhi to further these discussions.
Trump’s trade war unites Modi and Lula in a hunt for new markets
Brazil and India are strengthening trade ties, aiming to triple their $12 billion partnership amidst US trade war tariffs. This burgeoning alliance, led by Presidents Lula and Modi, represents a global realignment as both nations seek new markets and hedge against American economic pressure. The collaboration highlights a broader shift in international commerce driven by evolving US trade policies.
India starts probe into increased imports of chemical from South Korea
In a significant move, India has initiated an investigation into the rising influx of chemical products from South Korea. A local enterprise argues that these imports, which thrive on advantages from a free trade agreement, are threatening the livelihoods of domestic producers. The inquiry will determine whether the spike in imports, driven by tariff reductions, inflicts substantial harm.
Indian textile exporters turn to Europe, offer discounts to offset US tariffs
Indian textile exporters are diversifying to the EU market and offering discounts to U.S. customers to counter steep tariffs. With trade talks between India and the EU in a decisive phase, exporters are upgrading facilities to meet EU standards and reduce reliance on the U.S., their largest market. Some companies face potential job losses and consider relocating production if U.S.
India trade negotiators set to visit US this week, may agree to buy more natural gas from US to bridge trade gap
Indian trade negotiators are heading to the US this week for talks on a bilateral trade agreement, with both sides hopeful of concluding the first phase by year-end. Discussions are progressing positively, and New Delhi may also increase natural gas purchases from the US to address the trade gap.
India, US hopeful of concluding first tranche of Trade Agreement by fall deadline: Govt Sources
India and the US are nearing a trade deal, with optimism high for a fall conclusion. A delegation heads to Washington this week to finalize market access, energy, and tech trade. Simultaneously, India's Free Trade Agreement talks with the EU are progressing, though carbon adjustment and sector-specific issues remain. These efforts bolster India's global economic strategy.
Swiss envoy Maya Tissafi hails India-EFTA trade pact as milestone after 16 years of talks
Switzerland's Ambassador to India, Maya Tissafi, hailed the India-EFTA free trade agreement as a "very important step" after 16 years of negotiations. The Trade and Economic Partnership Agreement (TEPA), effective October 1, 2025, commits EFTA countries to invest $100 billion and create 1 million jobs in India over 15 years, marking a significant deepening of bilateral economic ties and cooperation.
India, UK trade pact to help boost exports, investments: Experts
India and the UK have signed a free trade agreement. Experts believe this pact will significantly boost India's exports and attract British investments. The agreement is expected to provide duty-free market access for almost all Indian exports. It will also create wider opportunities for Indian service providers in the UK.
India-EFTA trade pact to boost USD 100 billion worth of investments, create 1 million jobs
India's historic trade milestone with the EFTA nations, including Switzerland, Norway, Iceland, and Liechtenstein, officially commenced on October 1, 2025. This landmark agreement promises USD 100 billion in investments and one million jobs over fifteen years, fostering growth in key sectors and facilitating skilled worker mobility.
India, UK look to double trade in 5 years, says PM Modi
India and the UK aim to double bilateral trade to $112 billion by 2030, with Prime Minister Modi expressing confidence in achieving this goal early. Agreements were signed to boost trade and a $350 million contract for UK missile supply to India was finalized. Modi also highlighted India's role in digital technology development and empowerment for other nations.
India-UK trade may surpass $112 billion target before 2030, says PM Modi
Prime Minister Narendra Modi announced that India and the UK are set to exceed their $112 billion bilateral trade target before 2030. Speaking at the India-UK CEO Forum, Modi highlighted the newly signed trade pact as a vision for shared progress and prosperity, reflecting growing economic convergence between the two nations.
UK-India FTA a big win, but implementation will decide real gains: Manish Singh
A new UK-India trade deal offers promising economic prospects and political wins, but its true value hinges on tangible outcomes like investment and talent mobility. Experts emphasize that beyond paper agreements, the pact's success will be measured by actual capital flow, pragmatic visa policies for professionals, and swift implementation, particularly concerning economic offenders.
India-EU trade talks: Commerce Secretary to visit Brussels this week
Commerce Secretary Rajesh Agrawal will visit Brussels this week. He will meet European Commission Director General for Trade Sabine Weyand. This visit aims to boost ongoing free trade agreement negotiations. India and the EU are working towards an equitable, fair, and balanced agreement. Both sides aim to conclude talks by December.
India, EU to begin next round of talks for trade pact from Oct 6 in Brussels
Indian and EU officials will commence their 14th round of free trade agreement talks in Brussels on Monday, aiming to resolve differences and conclude negotiations by December. Commerce Minister Piyush Goyal is hopeful for an early agreement, which seeks to boost bilateral commerce and investments.
Important issues remained to be resolved: EU envoy Delphin on negotiations for FTA with India
EU envoy Herve Delphin termed the proposed India-EU free trade pact a "game changer" for boosting bilateral trade and investment, especially as some countries raise tariffs. Despite leaders aiming for a December finalization, Delphin noted negotiations remain challenging, with important issues yet to be resolved ahead of the upcoming 14th round.
Hopeful to sign trade pact with EU soon: Piyush Goyal
Commerce and Industry Minister Piyush Goyal said India hopes to soon sign a free trade agreement (FTA) with the European Union (EU) to boost trade and investment. Negotiations resumed in June 2022 after an eight-year gap and aim to conclude by December. The FTA covers 23 areas, including goods, services, investment, intellectual property, and sustainable development.
India-EFTA trade pact explained: Tariff cuts, sectoral benefits, and investment commitments
India's free trade agreement with the four-nation European Free Trade Association (EFTA) came into effect, aiming to boost commerce and investments. The pact secures a USD 100 billion investment commitment from EFTA over 15 years, potentially creating 1 million jobs in India. This deal offers significant tariff concessions for Indian exports and provides consumers with cheaper EFTA goods.
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