India may first ink a preferential trade agreement with EU: Piyush Goyal

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Addressing a session on EU-India Collaborative Economic Growth, commerce and industry minister Piyush Goyal said India is hopeful of working a Free Trade Agreement (FTA) with the EU, “possibly starting with a preferential trade agreement for an early harvest to get faster outcomes”, an official statement said. A preferential trade agreement with the EU will […]

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India in the process of finalising FTA with Mauritius: Minister

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India is in the process of finalising the proposed free trade agreement with Mauritius which is aimed at further strengthening economic ties between the countries, Commerce and Industry Minister Piyush Goyal said. The proposed India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) seeks to mutually benefit both the countries in the area of trade in goods and […]

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India seeks exemption from high duties in steel and aluminium for the India-US trade deal: Piyush Goyal

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Hinting at the India-US limited trade deal likely to be signed after the US elections in November this year, Commerce and Industry Minister Piyush Goyal said India has given America “a very good, very balanced offer” for the agreement.  The minister assured that while India will gain significantly from the trade agreement, the US too […]

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ASEAN countries call for temperance in trade restrictive measures amid COVID-19; to review FTA arrangements

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Economic and trade ministers of 18 countries, including India, the US, and China, at the East Asia Summit agreed that trade restrictive measures taken to address the impact of coronavirus pandemic must be transparent and temporary, according to a statement. The ministers also emphasised that trade measures in view of COVID-19 should not create unnecessary […]

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India frames norms to enforce ‘rules of origin’ for imports under FTAs

The Indian government has come out with norms for the enforcement of ‘rules of origin‘ provisions for allowing preferential rate of customs duties on products imported under free trade agreements, PTI reports. The new norms have been framed with a view to checking inbound shipments of low quality products and dumping of goods by a third […]

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India-UK summit to initiate proposed free trade agreement

India and the UK are committed to deepen trade relations, paving the way for expedited talks on a proposed Free Trade Agreement (FTA). During the 14th Joint Economic and Trade Committee (JETCO) between Commerce and Industry Minister Piyush Goyal and the UK’s International Trade Minister Ranil Jayawardena and International Trade Secretary Liz Truss, both nations have decided […]

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India and US to discuss the “possibility” of a free trade pact: Piyush Goyal

India and the United States on Thursday discussed the “possibility” of a free trade pact, India’s Commerce and Industry Ministry said in a statement. Commerce and Industry Minister Piyush Goyal and U.S. Commerce Secretary Wilbur Ross exchanged views “on the ongoing India-US trade discussions and appreciated the substantial progress made by both sides on most of the outstanding issues”, […]

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