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NEW DELHI: Ending months of uncertainty, India and US announced the finalisation of the first tranche of the trade deal early Saturday that will see Washington lower “reciprocal tariffs” on Indian exports to 18% over the next few days and New Delhi slash levies on several American imports.The India-US joint statement came with US President…
NEW DELHI: India has managed to protect its ground on dairy and farm products by retaining protection on the import of corn and soyabean, both genetically modified (GM) crops in the US, but agreed to eliminate or reduce tariffs on a wide range of American food and agricultural products, including dried distillers’ grains (DDGs) and…
NEW DELHI: India and the United States on Saturday announced the framework for an interim trade agreement that will sharply cut US tariffs on Indian goods while easing duties on several American food and agricultural products entering India. The agreement marks a de-escalation of months of trade tensions and sets the stage for a broader…
NEW DELHI: Union commerce and industry minister Piyush Goyal on Wednesday defended the India-US bilateral trade agreement in the Lok Sabha, saying India had “successfully safeguarded” its sensitive sectors, particularly agriculture and dairy, after nearly a year of negotiations between the two sides. “As the Members of the House are aware, since Prime Minister Narendra…
PM Modi with US President Donald Trump (File photo) NEW DELHI: A day after announcements by PM Modi and US President Donald Trump that the two sides had reached a trade agreement, the govt asserted that sensitive sectors such as agriculture and dairy have been protected and labour-intensive sectors such as textiles, leather, marine products…
NEW DELHI: Union commerce minister Piyush Goyal on Tuesday hailed the India-US trade agreement as a “tremendous opportunity”for the country, calling it “the best deal” New Delhi has secured compared to its neighbours.Addressing a press conference a day after the agreement was announced, Goyal said, “This is the best deal India has received. It is…
NEW DELHI: India and the European Union on Tuesday announced the finalisation of “mother of all FTAs”, that will result in gradual tariff reduction for 96% of exports from both sides, while keeping contentious items such as cereals and dairy products outside the ambit.While Indian textiles, marine products, leather and footwear, gems and jewelry, toys…
India’s dairy sector is entering a phase of tighter supply and margin recalibration after navigating sharp cycles of disruption, surplus, and recovery over the past three years, according to insights from an expert session hosted by Systematix Institutional Equities.The post-COVID period of 2022-23 proved challenging for the industry, marked by an unreasonable fall in milk…
The concluded India–New Zealand free trade agreement includes a tightly ring-fenced investment arrangement that will allow New Zealand firms to process dairy inputs in India exclusively for re-export, while keeping India’s domestic dairy market fully protected, Commerce and Industry Minister Piyush Goyal said on Monday, PTI reported.Under the arrangement, firms from New Zealand can bring…
As India and New Zealand finalised a historic free trade agreement (FTA), not everyone was onboard. New Zealand’s foreign affairs minister Winston Peters voiced his opposition claiming the deal was “neither free nor fair”.“New Zealand First is regrettably opposed to the India Free Trade Agreement announced today. We consider the India-New Zealand Free Trade Agreement…
