India and the US have made significant progress on an interim trade agreement, with only a few outstanding issues left to finalize after substantial discussions, including a June visit by the US Trade Representative to India.
India and Uzbekistan target doubling bilateral trade to $3 billion within three years, with Commerce Minister Piyush Goyal suggesting a free trade agreement. Uzbekistan invites Indian investment in mining and rare earths, while India highlights its IT and skilled workforce.
India's Commerce Minister Piyush Goyal states the first tranche of the US-India bilateral trade agreement awaits US assurance to ensure India gains a comparative advantage over competitors, amidst ongoing trade negotiations and tariff implications.
A 2016 U.S.-Mexico trade agreement requiring stricter production standards for avocado exports has led to a 10% reduction in nitrogen pollution in Mexican waterways, demonstrating how well-designed trade policies can drive environmental improvements.
Donald Trump's administration imposed new 12.5% tariffs on Australian exports, citing a failure to combat forced labor, a claim the Albanese government disputes. Australia's trade minister called for immediate removal, stating the tariffs are unjustified and inconsistent with their free-trade agreement.
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.
The interim trade agreement between the Eurasian Economic Union (EAEU) and Mongolia became effective July 22, 2026, eliminating or reducing customs duties on 367 tariff subheadings. Signed in Minsk in 2025, the pact aims to boost trade, which already saw a one-third increase in Q1.
Farmers from Punjab, Haryana, and Himachal Pradesh marched towards Delhi to protest the proposed Indo-US Free Trade Agreement, fearing its impact on Indian agriculture and dairy. They were stopped by police barricades at the Shambhu border, leading to protests there.
The European Commission has provided the US with a list of hundreds of EU products, including cheese, wine, and medical devices, totaling €150 billion in exports, for exemption from 15% US tariffs agreed upon in a 2025 trade deal. This follows the EU's removal of its own tariffs on US industrial goods.
India will continue its cooperation with Russia despite the US Senate's consideration of a bill imposing secondary sanctions on Russia's trading partners, according to Arvind Kumar, Professor at Nalanda University.
The India-UK Free Trade Agreement is poised to eliminate tariffs on 99% of Indian exports and reduce duties on 90% of UK goods, benefiting sectors like luxury vehicles and spirits from the UK, and textiles and leather from India.
Russia anticipates that all EAEU member states will finalize procedures for the free trade agreement with Indonesia by year-end, enabling its full implementation next year. The agreement aims to simplify regulations, reduce business costs, and significantly boost bilateral trade.
The United States announced it will not renew the USMCA trade agreement in its current form, triggering a six-year review. President Trump cited trade deficits and irrelevance. Mexico and Canada are open to negotiations to address US concerns and protect their industries.
The US-Mexico-Canada Agreement's first six-year review has begun, prompting the Alliance for American Manufacturing to urge the Trump administration not to renew it without stronger rules to prevent Chinese automakers from leveraging the pact to access the US market.
The USMCA trade agreement is unlikely to be extended by Wednesday's deadline, triggering a potential years-long review process or expiration by 2036. The U.S. automotive industry, a key sector, faces uncertainty as the Trump administration pushes for increased domestic content and broader negotiations beyond traditional trade issues.
Benchmark Indian equity indices, BSE Sensex and NSE Nifty, rebounded on Wednesday after two consecutive sessions of losses. The recovery was driven by positive global market trends and a decline in crude oil prices. Key companies like Eternal, Adani Enterprises, and Nestle India were among the top gainers.
Trade chiefs from the US, Mexico, and Canada will meet virtually on the sixth anniversary of the USMCA. The US is expected to initiate a review of the pact, which analysts suggest is a move to limit Chinese market access.
The EU has halved its overall duty-free steel import quota but increased volumes for 13 trading partners, including the UK. Tata Steel UK faces a 60% reduction in its duty-free exports, while the EU aims to curb cheap Chinese steel and restore European production.
The EU has allocated new steel import quotas to its trading partners, increasing tariff-free limits to 18.3 million tonnes and doubling tariffs beyond that, aiming to protect its market from growing global overcapacity, particularly from China, while addressing concerns from allies like the UK, Switzerland, and Ukraine.
New Zealand Foreign Minister Winston Peters accused the National Party-led government of covertly introducing discriminatory immigration changes targeting Indian citizens under the proposed India-New Zealand FTA. The government rejected these claims as misinformation, stating the FTA is a 'once in a generation' deal to boost trade and investment, which passed its first reading.
India and the UK are optimistic about their Comprehensive Economic and Trade Agreement (CETA), set to take effect on July 15. Commerce Minister Piyush Goyal, leading a large business delegation in the UK, expressed confidence that the pact will significantly boost bilateral trade and strengthen their partnership.
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.
The US and India are close to finalizing a significant trade deal, opening India's vast market to American goods on mutually beneficial terms, aiming for $500 billion in bilateral trade by 2030, with recent trade figures showing substantial increases.
The US and India are close to finalizing a significant trade agreement aimed at opening India's market to American goods on mutually beneficial terms. This pact supports the "Mission 500" goal of $500 billion in bilateral trade by 2030, with recent figures showing substantial growth in trade and Indian investment in the US.
