A senior U.S. official indicated a U.S.-India trade agreement is nearly complete, with negotiations virtually finished. The delay stems from pending U.S. Section 301 trade investigations, expected to conclude in weeks, potentially leading to the deal's signing within three to four months.
US Ambassador Sergio Gor announced the initial US-India trade deal is in its "final steps." India recorded its fifth driest June in over a century, impacting agriculture. Delhi authorities began a month-long voter list revision, while Pakistan discussed Indus Water Treaty rights amid discord. Congress leader Ajay Rai claimed detention in Ayodhya.
Russia's Deputy Trade Representative Evgeny Griva announced that trade turnover between Russia and India has surpassed $70 billion, with a goal to reach $100 billion. This growth, driven by shifts in the global landscape, is fostering expanded cooperation, especially among small and medium-sized enterprises (SMEs).
US and India are in final trade negotiations ahead of a July 24 deadline to set tariff rates and address market access for US agricultural products. The visit by US official Greer is expected to finalize a deal after a year of strained relations.
Switzerland is fast-tracking the implementation of its Trade and Economic Partnership Agreement (TEPA) with India to boost investment and trade. The agreement, effective since October 1, 2025, aims to enhance regulatory cooperation, skill development, and innovation, already facilitating new Indian products in Switzerland and increased service trade.
Indian PM Narendra Modi and US President Donald Trump met at the G7 summit in France, reporting "significant progress" on a long-awaited trade deal. The leaders instructed officials to work towards a balanced agreement. The meeting also touched on the Iran war's impact on the Global South.
The Indian Rupee opened lower against the US dollar, falling over 20 paise to 94.71 due to the Federal Reserve's hawkish policy stance and a stronger global dollar. Despite this, market sentiment was boosted by a potential US-Iran agreement and ongoing trade talks between India and the US.
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.
US and Indian trade officials are in New Delhi for crucial talks to finalize an interim trade pact before a July 24 tariff deadline. The negotiations are significantly influenced by a US Section 301 investigation into India's excess manufacturing capacity and potential forced labor imports.
The Indian Rupee strengthened by 40 paise to 95.20 against the US dollar, driven by global market optimism over a potential US-Iran peace deal and progress in US-India trade talks. Early Monday trade saw the rupee open at 95.36 and rise to 95.20.
Government sources indicate no immediate plans to hike gold and silver import duties, despite calls to curb non-essential gold purchases. Meanwhile, India anticipates US trade talks addressing pending issues, including a Section 301 probe, though a comprehensive deal remains distant. India has contested US allegations of structural overcapacity, urging the termination of the investigation.
New Zealand's ruling coalition faces collapse over a free trade agreement with India, as right-wing populist NZ First withdraws support over fears of mass Indian immigration. The government must now rely on opposition Labour Party votes to pass the legislation in parliament. NZ First's deputy leader Shane Jones has vowed his party will "never accept" the deal.
NEW DELHI, April 20 (Yonhap) -- President Lee Jae Myung on Monday called for eff...
