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.
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 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.
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.
Indian law firms are actively pursuing UK partnerships to capitalize on increased cross-border legal work expected from an upcoming free trade agreement. The pact is anticipated to boost demand in sectors like real estate, M&A, and tax, creating new opportunities for both direct alliances and project-based collaborations.
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 US are in the final stages of concluding an interim free trade agreement, with US trade representative Jameson Greer set to visit India next week. This follows a meeting between PM Modi and US President Trump. India also expects a US-Iran peace agreement to bring regional stability.
The India-UK Free Trade Agreement, effective July 15, is welcomed by alcoholic beverage makers for boosting trade and premiumization. While imported spirits may see reduced concessions in some Indian states, the pact aims to make premium international brands more accessible to Indian consumers.
India and the European Union are poised to sign a significant free trade agreement by the end of the year, following discussions between Prime Minister Narendra Modi and EU leaders. The pact also includes enhanced security and defense cooperation and aims to advance the India-Middle East-Europe Corridor for improved connectivity.
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.
India's Commerce Minister Piyush Goyal stated that while countries globally are increasingly protecting domestic industries, India is addressing trade challenges through dialogue and partnerships. He noted the WTO's current ineffectiveness but affirmed trade operates under its framework, with India pursuing FTAs and investment.
US President Donald Trump stated the US might not renew its free trade agreement with Canada and Mexico, citing trade deficits. The pact requires renewal by July 1 or a 10-year exit process.
The Eurasian Economic Union (EAEU) is exploring free trade agreements with Tunisia, Pakistan, and several African nations, with negotiations with India at an advanced stage.
Tech companies like Meta, Google, and TikTok cite the US-Australia free trade agreement and threaten retaliation to oppose Australia's proposal forcing them to pay news outlets for content, arguing it's discriminatory and violates trade rules.
Meta has criticized Australia's proposed News Bargaining Incentive (NBI), calling it "poorly designed" and "grossly unfair." The tech giant argues the plan, which would levy digital platforms to fund media outlets, insulates publishers from necessary innovation and violates trade agreements.
Canada and Mexico are pushing for a 16-year renewal of the North American free trade agreement (USMCA) with the United States. This move aims to secure the pact amid US President Donald Trump's skepticism. The agreement is crucial for both nations, with the US being their primary trading partner.
Russia has completed the ratification of the free trade agreement between the Eurasian Economic Union (EAEU) and Indonesia. Signed in December 2025, the agreement aims to establish preferential trade for about 90% of goods and foster cooperation in various sectors.
The GCC and the UK have concluded free trade agreement negotiations, marking a new era of strategic cooperation. This landmark deal, the first of its kind between the GCC and a G7 nation, aims to boost investment flows and trade by over 60%, fostering economic stability amidst global uncertainty.
The GCC and the UK have concluded free trade agreement negotiations, marking a new era of strategic cooperation. The deal, the first of its kind between the GCC and a G7 nation, aims to boost investment and trade, projected to increase by over 60%.
The EU and Mexico signed a free trade agreement to boost exports and reduce dependence on the US. The deal expands duty-free access for goods and aims to increase trade between the regions.
India is strengthening ties with Europe, particularly Italy, as global partnerships shift. Leaders Modi and Meloni are building strategic alliances through initiatives like IMEEC and an EU FTA, aiming for economic stability and supply chain resilience.
India has restricted silver imports, requiring government approval, to prevent traders from exploiting a duty gap created by a recent tax hike on precious metals via the India-UAE free trade agreement.
US courts have again blocked Trump's 10% global tariffs, deeming them unauthorized. This ruling, following earlier tariff invalidations, signals a return to WTO's MFN rates. For India, this policy instability raises concerns, prompting advice to pause Free Trade Agreement talks until US trade systems stabilize, preventing one-sided deals.
