Trade deal with US unlikely before November presidential elections: India

Trade deal with US unlikely before November presidential elections: India

New Delhi: The India-US mini trade deal is unlikely to see the light of day before the presidential elections in the US in November, officials said even though New Delhi has made a proposal on a limited trade package and shared it with Washington. India has sought 100% restoration of benefits under the Generalized System … Read more

India-ASEAN can resolve differences, take trade to $300 billion: Piyush Goyal

India-ASEAN can resolve differences, take trade to 0 billion: Piyush Goyal

New Delhi: Commerce and industry minister Piyush Goyal on Thursday said India-ASEAN trade can reach $300 billion and the two can resolve their differences by addressing concerns of all nations and businesses. “India and ASEAN have not been able to harness the full trade potential, for various reasons, but now is the time to open … Read more

India-US trade negotiations still a challenge: Moody’s Investors Service

India-US trade negotiations still a challenge: Moody’s Investors Service

New Delhi: US-India trade negotiations will continue to be challenging and are likely to get delayed due to the Covid-19 pandemic, said Moody’s Investors Service. The two sides have been trying to thrash out a trade package with limited scope with the long-term aim of a free trade agreement (FTA) since last year, amid a … Read more

Food & drinks, pharma to be part of India-UK pact: Jayant Krishna, CEO, UKIBC

Food & drinks, pharma to be part of India-UK pact: Jayant Krishna, CEO, UKIBC

NEW DELHI: Lower tariffs on food, drinks and chemicals, along with a robust intellectual property rights (IPR) regime in India could be a few elements of the India-UK early harvest trade deal, said Jayant Krishna, Group CEO, UK-India Business Council. Krishna also said a trade deal between the UK and EU could be a prelude … Read more

With eye on China, India looks to increase barriers on imports from Asia

With eye on China, India looks to increase barriers on imports from Asia

NEW DELHI: New Delhi is considering measures to prevent trade partners mainly in Southeast Asia from re-routing Chinese goods to India with little added value, two government sources said, amid strained ties with Beijing and a push for self-reliance. India is planning to raise quality standards of imports, impose quantity restrictions, mandate stringent disclosure norms … Read more

India must try for Quadrilateral FTA after closing US trade deal, suggests USISPF

India must try for Quadrilateral FTA after closing US trade deal, suggests USISPF

NEW DELHI: A key cross-national industry body has pitched for an economic partnership deal between India, the United States, Japan and Australia – an informal security forum commonly known as the Quad, for Quadrilateral Security Dialogue. New Delhi should look at closing a small trade deal with the United States before the US Presidential elections … Read more

Mining, FDI reforms in the offing, says Piyush Goyal

Mining, FDI reforms in the offing, says Piyush Goyal

New Delhi: Commerce and industry minister Piyush Goyal on Saturday said the government is working on reforms in the mining sector and attracting foreign direct investment (FDI) in sectors where it is constrained at present. “There are further reforms in mining and FDI in certain sectors where it is constrained. We will simplify processes and … Read more