The Global Trade Research Initiative (GTRI) challenges the US's 10% Section 301 forced-labor tariff on Indian exports, arguing it lacks evidence and aims to maintain trade barriers. India's policy change reduced the tariff from 12.5%, but 70% of exports still face the new duty.
The India-UK Comprehensive Economic and Trade Agreement (CETA) and the Double Contribution Convention (DCC) will come into effect on July 15, 2026. Indian Commerce Minister Piyush Goyal described CETA as India's most comprehensive trade pact, expected to provide significant economic benefits and boost bilateral trade.
India and the EU are set to sign a Free Trade Agreement by December, with nearly 93% of Indian exports gaining duty-free access to the European market by 2027. The deal, considered significant due to the combined economic power of both entities, follows recent G7 discussions.
India and the UK will implement their Comprehensive Economic and Trade Agreement (CETA) from July 15, aiming to expand market access, reduce tariffs, and deepen cooperation. The pact is expected to open a market worth over $500 billion for Indian exporters and includes provisions for the automotive and spirits sectors.
Indian PM Narendra Modi visited Slovakia, a key EU member, aiming to deepen ties with a nation balancing East and West. The visit elevated bilateral relations to a comprehensive partnership, with trade reaching $1.8 billion and a focus on the India-EU FTA.
Europe's second-largest port, Antwerp-Bruges, is intensifying efforts to increase Indian exports and become a green hydrogen import hub, despite a recent decline in cargo volumes between India and the port. Officials are investigating the reasons for this trend.
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 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.
