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10 Sep, 2025 News Image India, EU trade pact talks in fast lane: Goyal
Commerce and industry minister Piyush Goyal Tuesday said trade talks with the EU on a proposed free trade agreement are progressing fast and both sides would be in a position to "substantially conclude" the pact by the time EU trade and agriculture commissioners visit India. Almost 60-65% of the chapters are now completed and finalised, he said.The 13th round of negotiations for the free trade agreement (FTA) are ongoing.
 Source:  https://economictimes.indiatimes.com/
10 Sep, 2025 News Image Fair economic practices imperative as world seeks stable trade: EAM Jaishankar to BRICS amid Trump tariff turmoil
Amid Trump tariff shakeup, External Affairs Minister Dr S Jaishankar while sharing Prime Minister Narendra Modi's message at BRICS virtual summit said that the 'world as a collective is seeking a stable and predictable environment for trade and investment'."The international trading system is based on the foundational principles of open, fair, transparent, non-discriminatory, inclusive, equitable and a rules-based approach with Special and Differential Treatment for developing countries. India strongly believes that this should be protected and nurtured," Dr Jaishankar told BRICS leaders.
 Source:  https://economictimes.indiatimes.com/
10 Sep, 2025 News Image Brazil's Lula calls for tighter trade ties for BRICS as tariffs bite
"Tariff blackmail is being normalized as a tool for conquering markets and interfering in domestic issues," Lula said in the government's published remarks of a Monday virtual meeting of BRICS leaders, without directly citing the United States.
 Source:  https://www.reuters.com/
10 Sep, 2025 News Image ECGC plans measures to help exporters deal with high tariffs
The Commerce Ministry on Tuesday said Export Credit Guarantee Corporation (ECGC) has proposed several measures, including covering losses from non-delivery of goods and providing enhanced cover for banks up to an export credit limit of Rs 50 crore, to help exporters cope with tariff disruptions.
 Source:  https://economictimes.indiatimes.com/
09 Sep, 2025 News Image India, Qatar may finalise trade pact terms in October.
India and Qatar are likely to finalise the terms of reference for a bilateral trade agreement next month and once these are finalised, commerce and industry minister Piyush Goyal may visit Qatar, officials said on Monday. Goyal is also likely to meet EU trade commissioner MaroS Šefcovic Friday, even as the 13th round of India-EU free trade agreement talks are underway in New Delhi, they said.
 Source:  economictimes.indiatimes.com
09 Sep, 2025 News Image Next-Gen GST Overhaul: Staple Foods Tax-Free, Processed Foods at 5% - Big Relief for Consumers and Small Businesses.
The GST Council in its 56th meeting on 3rd September, 2025 made the recommendations relating to changes in GST tax rates; provide relief to individuals, common man, aspirational middle class and measures for facilitation of trade in GST. The reduced GST rates will be effective from 22nd September, 2025.
 Source:  pib.gov.in
09 Sep, 2025 News Image Progress of area coverage under Kharif crops as on 05.09.2025.
The Department of Agriculture & Farmers’ Welfare has released progress of area coverage under kharif crops as on 5th September 2025.
 Source:  pib.gov.in
09 Sep, 2025 News Image Fair economic practices imperative as world seeks stable trade: EAM Jaishankar to BRICS amid Trump tariff turmoil.
Amid Trump tariff shakeup, External Affairs Minister Dr S Jaishankar while sharing Prime Minister Narendra Modi's message at BRICS virtual summit said that the 'world as a collective is seeking a stable and predictable environment for trade and investment'. 'The international trading system is based on the foundational principles of open, fair, transparent, non-discriminatory, inclusive, equitable and a rules-based approach with Special and Differential Treatment for developing countries. India strongly believes that this should be protected and nurtured,' Dr Jaishankar told BRICS leaders.
 Source:  economictimes.indiatimes.com
09 Sep, 2025 News Image The trade agreement between India and EFTA countries comes just at the right time.
The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) which includes Iceland, Liechtenstein, Norway, and Switzerland comes into force on October 1, 2025. TEPA represents more than just a trade deal. With the United States raising tariffs on Indian exports to 50%, Indian exporters need alternative markets and investment partners. TEPA provides both. It enhances trade access in goods and services, attracts assured investments tied to job creation, and opens up channels for professional mobility and technology collaboration.
 Source:  swissinfo.ch
09 Sep, 2025 News Image Govt exploring alternative export markets to shield farmers from US tariff threats.
The government is actively exploring alternative export destinations and import substitution strategies to protect farmers from the impact of US tariffs, D K Yadava, Deputy Director General (Crop Science) at the Indian Council of Agricultural Research (ICAR), said on Monday. 'The government is trying to have all alternatives to protect the interests of farmers. As far as exports are concerned, the concerned ministries are already exploring alternative countries for the export of various commodities,' Yadava said at a media briefing about the ongoing event 'Dialogue Next' organised by the US-based World Food Prize Foundation for the first time in India.
 Source:  deccanherald.com