India, EU truly mother of all deals; brings together nearly one-fourth of global economy: Commerce Secretary Rajesh Agrawal.
The free trade agreement between India and the EU is 'truly a mother of all deals' as it brings together nearly one-fourth of the global economy, Commerce Secretary Rajesh Agrawal said on Tuesday here. He said that the two sides offer a lot of synergies, which is important in today's world, where people are facing a lot of turmoil and challenges in global trade.
Source: economictimes.indiatimes.com
India is the place for large-scale organic production, says Commerce Secretary Rajesh Agrawal.
India is the place for large-scale organic production and the country is keen to collaborate with the EU to strengthen this ecosystem to cater to rising demands, Commerce Secretary Rajesh Agrawal said here on Tuesday. Agrawal also said that India's organic products exports have grown threefold over the last 10 years, and the government now aims to triple them again over the next five years.
Source: economictimes.indiatimes.com
India–US partnership set to reach new heights, says Piyush Goyal after meeting Ambassador Sergio Gor.
Union Minister for Commerce and Industry Piyush Goyal on Tuesday expressed confidence that the India-US partnership will scale new heights in the coming period, particularly in the backdrop of the recently announced interim India-US trade deal. In a social media post, the minister said he was delighted to attend the welcome reception of Sergio Gor at the US Embassy in India. Highlighting the importance of the engagement, Goyal stated that the India-US Trade Deal will play a key role in strengthening bilateral ties between the two countries.
Source: economictimes.indiatimes.com
India-US trade deal to make sure only Indian and American products get the benefits, White House says.
The United States has said its proposed trade framework with India will be structured to ensure that 'the agreed benefits accrue predominately to the United States and India,' underscoring a push for reciprocal market access, tariff reductions and tighter rules of origin between the two strategic partners.
Source: economictimes.indiatimes.com
Import tariffs on agriculture items to be phased out over 10 years.
The government on Monday said tariffs on imports of several agricultural and intermediate products from the US will be phased out over a period of up to ten years under the India-US trade agreement. This would provide 'adequate adjustment space for domestic players', it said. These products include albumins, oils such as coconut oil, castor oil and cottonseed oil, hoofmeal, lard, stearin, modified starches, peptones and their derivatives, and plants and parts of plants, among others.
Source: economictimes.indiatimes.com
India-US trade deal: Farmers may get cover as tariffs on certain American agri-related products to ease over 10 years.
As India-US trade deal fine print surfaces, the government on Monday said that tariffs on imports of several agricultural and intermediate products from America will be phased out over a period of up to 10 years under the pact, which the government said will provide adequate adjustment space for domestic players.
Source: economictimes.indiatimes.com
Exports may hit $1 Tn in FY27 on new trade deals, tariff cuts.
Buoyed by its new trade agreements, India's goods and services exports in FY27 could rise to a record $1,000 billion in 2026-27, exporters said, as they expect orders to flow in with the US lowering tariffs on India to 18% from 50%. 'Orders have begun coming in for chemicals, shoes and marine products. We expect more orders to come in the next 10-15 days. India's exports in FY27 could rise to $1,000 billion,' said S C Ralhan, president, Federation of Indian Export Organisations (FIEO).
Source: economictimes.indiatimes.com
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India floats draft Digital Trade Facilitation Bill for e-trade documents’ legal recognition.
The government Monday sought comments on the draft Digital Trade Facilitation Bill, 2026, a bill that seeks to provide legal recognition, validity and enforceability to electronic trade documents and to regulate the use, management and cross-border recognition of digital identity and trust services. The draft text, released by the Directorate General of Foreign Trade (DGFT), seeks to create a statutory framework for recognising electronic trade documents and digital signatures.
Source: economictimes.indiatimes.com
Agri sector sees more hope than fear in Indo-US trade deal.
Coffee exporters have perked up, tea shippers hope to cash in on the low duty advantage, spices shippers smell good times, while seafood exporters hope for a big catch as the impact of the India-US trade deal sinks in among agriculture and allied sectors. Alongside this optimism, fears are also being raised in certain sectors over the trade deal. Apple growers are worried their returns will be affected, while traders say corn and soybean prices may be impacted by the import of Dried Distillers Grains with Solubles (DDGS), though many see only a limited impact of the lower of soybean oil tariff.
Source: thehindubusinessline.com
India may cap apple imports from US below 1 lakh tonnes at concessional 25% duty.
India is likely to allow import of a maximum volume of 1 lakh tonnes of apples per year from the US at a concessional duty of 25 per cent. This will likely reduce share of other countries like Iran and Egypt while maintaining the overall overseas buying at the current level of 5.5 lakh tonnes, sources said, adding it is unlikely to impact domestic farmers, nor lower prices.
Source: thehindubusinessline.com