India and the UK will implement their free trade agreement on July 15, enabling tariff reductions and enhanced economic cooperation. The pact, signed last year, is expected to boost bilateral trade by £25.5 billion annually and includes significant tariff cuts on products like whisky, automobiles, and cosmetics.
US President Donald Trump stated that a trade agreement with India is "very close to the deal." USTR chief Jamieson Greer will visit India next week for final talks with Commerce Minister Piyush Goyal. Most issues are reportedly settled, with an interim agreement expected before July 24.
President Macron hosted PM Modi for talks, aiming to expand India-France strategic partnership. Key outcomes include an innovation roadmap, economic security dialogue, AI governance group, and a goal to double bilateral trade in five years. Defense, civil nuclear cooperation, and talent mobility were also discussed.
Thailand and Vietnam agreed to nearly double bilateral trade to $25 billion within four years, with plans to double it again later. The deal aims to integrate supply chains in electronics and semiconductors and reduce trade barriers, addressing shared external shocks like the fracturing of the rules-based trading order.
Russian President Vladimir Putin stated that India's growing cooperation with the US does not harm its ties with Russia, and attempts to pressure New Delhi will fail. He highlighted India's strong economic growth and expressed confidence in reaching $100 billion in bilateral trade.
The US Trade Representative's office announced a new US-China Board of Trade to manage bilateral trade, potentially considering tariff modifications on non-sensitive goods. The board aims to facilitate trade between the two largest economies.
The US has proposed 12.5% tariffs on imports from India and 54 other economies, citing concerns over forced labor and excess industrial capacity under Section 301 investigations. India is engaging with the US on the matter.
India and the US have finalized the legal text for the first part of a bilateral trade agreement, with negotiations now focused on minor details. The deal's finalization hinges on clarity regarding the US tariff mechanism post-June, as India seeks to retain tariff advantages for its exports.
India and the US have finalized the legal text for the first part of a bilateral trade agreement, with negotiations now focused on minor details. The deal's finalization hinges on clarity regarding the US tariff mechanism post-June, as India seeks to maintain export advantages.
The US and China aim to establish a board of trade to manage bilateral trade in non-sensitive goods and discuss tariff reductions. To ensure effectiveness, both nations must agree on a detailed mandate and learn from past economic engagement bodies, identifying specific products for tariff adjustments while excluding sensitive sectors like critical minerals and semiconductors.
Russia and China have seen a return to positive trade turnover dynamics this year, according to Russian First Deputy Prime Minister Denis Manturov. He met with Chinese Vice Premier Ding Xuexiang in China, emphasizing the need for predictable conditions for business and highlighting the 10th Russia-China Expo in Harbin.
US President Donald Trump arrives in Beijing for a state visit until May 15, to discuss bilateral trade, Iran conflict, and Taiwan issue with President Xi Jinping, accompanied by a large business delegation.
Spanish Prime Minister Pedro Sanchez’s diplomatic balancing act during his visit to China last month marked a sharp contrast with a European Union grappling with geopolitical upheaval and economic stagnation. Sanchez pushed for closer ties with Beijing while raising concerns over a persistent bilateral trade deficit and the Ukraine war, an approach that analysts said could serve as a diplomatic template for Brussels amid its fraying relationship with Washington. According to Wang Hanyi, a...
According to the statement, such actions undermine mutual trust, harm bilateral trade and economic cooperation, and negatively impact the stability of global supply chains
India and New Zealand have signed a 'once-in-a-generation' trade pact, granting Indian exporters duty-free access to New Zealand. The agreement aims to double bilateral trade to $5 billion in five years and includes a $20 billion investment commitment from New Zealand. Both nations are optimistic about the pact's potential to boost economic growth and cooperation across various sectors.
India-New Zealand FTA: It aims to double bilateral trade, provide Indian exporters duty-free access to the New Zealand market, and attract investments worth $20 billion over the next 15 years.
India and New Zealand will sign a free trade agreement on Monday providing duty-free access for Indian goods, benefiting leather exporters from Agra. Commerce Minister Piyush Goyal announced the pact aims to double bilateral trade currently at $2.4 billion and attract $20 billion investment over 15 years.
India and New Zealand are set to sign a Free Trade Agreement on Monday at Bharat Mandapam. The deal aims to boost bilateral trade to $5 billion, provide duty-free access for Indian exports, and facilitate workforce mobility for professionals.
The two countries have been negotiating a comprehensive trade agreement since February 2025, which envisages doubling bilateral trade to $500 billion by 2030
US Trade Representative Jamieson Greer described India as a "tough nut to crack" as trade talks concluded, noting India has long protected its agricultural markets. A 12-member Indian delegation wrapped up three days of negotiations in Washington, with discussions ongoing on commodities like distillers dried grains (DDGs). India seeks to recalibrate the bilateral agreement following the US Supreme Court's February 20 ruling against reciprocal tariffs, aiming to protect its interests under the new global tariff framework.
India and the US are nearing a bilateral trade agreement with negotiators reporting significant progress and only a few issues remaining. Discussions described as positive and productive focus on market access and tariff alignment. India's delegation led by Darpan Jain is meeting US officials in Washington April 20-22. Commerce minister Piyush Goyal said the first tranche is almost finalised, while US ambassador Sergio Gor described it as a win-win for both nations.
India and the US are resuming trade negotiations in Washington DC from April 20-22 to discuss the first phase of their bilateral trade agreement. The talks are being held under a revised framework following recent shifts in the US tariff regime, which have reduced India's previous trade advantages and necessitate recalibration of the agreement.
Prime Minister Narendra Modi welcomed South Korean President Lee Jae Myung, highlighting the deepening India-South Korea ties. Both leaders expressed commitment to transforming their trusted partnership into a futuristic one, aiming to boost bilateral trade to $50 billion by 2030 and enhance cooperation across various sectors, including strategic industries and the Indo-Pacific region.
India and the United States will resume trade talks next week in Washington. A delegation of Indian officials will meet their US counterparts. Discussions will focus on the first phase of a proposed bilateral trade agreement. Recent changes in US tariff policy necessitate a review of the earlier finalized trade structure.
