India, Japan, Australia planning to widen the ambit of proposed supply-chain pact to mitigate China’s growing influence

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To counter China’s dominance in world trade, India, Japan and Australia are planning to increase the scope of their proposed supply-chain partnership to include more like-minded countries in the Indo-Pacific region. In September this year, trade ministers of India, Japan and Australia had decided to launch an initiative later this year to achieve supply-chain efficiency […]

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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 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 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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