Union Minister of Commerce and Industry, Piyush Goyal, held a key meeting with European Union Commissioner for Trade and Economic Security, Maros Sefcovic, in Brussels to discuss the progress of the India-EU Free Trade Agreement (FTA).Both sides reaffirmed their commitment to concluding the long-awaited trade deal by the end of 2025. Goyal described the dialogue … Read more
The rush for free trade agreements (FTAs) is real. A decade and a half after economist Jagdish Bhagwati infamously dubbed preferential pacts as termites in the global trade system, the world is seeing an uptake in bilateral pacts, taking the momentum away from multilateralism. India, too, is aligned with the prevailing trend. After a long … Read more
The India-U.K. Free Trade Agreement (FTA) may not be ready in time for its “Diwali” or October-end deadline indicated both New Delhi and London, as India reacted sharply to British Home Secretary Suella Braverman’s statement linking the FTA with migration issues and the U.K. government said “quality”, not “speed” would determine the FTA’s launch. Responding … Read more