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May 26, 2025 News Image Piyush Goyal meets US commerce secretary for 2nd time in a week to discuss proposed trade pact.
Commerce and Industry Minister Piyush Goyal on Friday met US Commerce Secretary Howard Lutnick in Washington, their second meeting within a week, to discuss the proposed bilateral trade agreement currently under negotiation between the two countries. On May 20 also, Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact. 'Held a constructive meeting with Secretary @HowardLutnick for a mutually beneficial trade agreement. Committed to enhancing opportunities for our businesses and people,' Goyal said in a post on X.
 Source:  economictimes.indiatimes.com
May 26, 2025 News Image BRICS trade ministers' meet: India calls for dismantling export controls among members.
India has urged member nations of BRICS group to dismantle export controls within the bloc to boost trade, an official statement said on Friday. Representing India at the 15th BRICS trade ministers' meeting in Brazil, Economic Adviser in Department of Commerce Yashvir Singh emphasised the need to eliminate restrictive trade measures that disrupt critical supply chains. 'India used the platform to oppose export controls among BRICS members, encouraging mutual support within the bloc,' the commerce ministry said.
 Source:  economictimes.indiatimes.com
May 26, 2025 News Image Decathlon plans to double sourcing from India once EU FTA is finalised.
French sporting goods retailer Decathlon plans to double its sourcing of goods from India once the country's free trade agreement (FTA) with the European Union (EU) is finalised, Sankar Chatterjee, the chief executive of the company's India operations, told ET. Decathlon Sports India's Chatterjee said if the FTA comes through as expected by December, the Indian production market for sporting goods could see a boom.
 Source:  economictimes.indiatimes.com
May 26, 2025 News Image Piyush Goyal meets EU counterpart for second time in a month on FTA talks.
Commerce and Industry Minister Piyush Goyal has met European Commissioner for Trade Maros Sefcovic in Brussels, their second meeting within a month, to discuss the proposed free trade agreement (FTA), currently under negotiation between the two regions. Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations. The Indian minister held meetings with his EU counterpart earlier this month.
 Source:  economictimes.indiatimes.com
May 26, 2025 News Image India, Maldives to review implementation of economic, maritime security partnership on Monday.
External Affairs Minister S Jaishankar and his Maldivian counterpart Abdulla Khaleel will on Monday take stock of the implementation of the India-Maldives comprehensive economic and maritime security partnership. Khaleel, accompanied by a high-level delegation, is paying a three-day visit to India beginning Sunday evening. It is his third trip to India this year. The India-Maldives vision document on comprehensive economic and maritime security partnership was adopted by Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu in October last year.
 Source:  economictimes.indiatimes.com
May 26, 2025 News Image India gains as US tariffs rise: Local firms see export boom.
Chief executives of leading homegrown companies including Dixon Technologies, Tata Consumer Products, Blue Star, Havells and Arvind, have told analysts that Indian businesses are at a competitive position in the US tariff scenario and most of them are now flooded with queries for higher business from their US partners. The chief executives said the India-US bilateral trade agreement (BTA) currently being discussed will provide an impetus to business.
 Source:  economictimes.indiatimes.com
May 23, 2025 News Image Indian High Commissioner presents rice, edible oils to Trinidad.
The Indian government has donated 19,000 kilogrammes of rice and over 12,500 litres of edible oil to Trinidad and Tobago. According to Minister of Agriculture, Land and Fisheries, Ravi Ratiram, the intent of the donation is to support underprivileged and vulnerable communities across the nation.
 Source:  stabroeknews.com
May 23, 2025 News Image UK to give non-discriminatory treatment to India in procurement under FTA.
The UK for the first time has agreed to accord non-discriminatory treatment to Indian companies in its public procurement system under the free trade agreement (FTA) between the two countries, an official said. On May 6, the two announced conclusion of negotiations for the FTA. It will be implemented next year.
 Source:  business-standard.com
May 23, 2025 News Image India set for record wheat harvest after favourable weather boosts yield.
India’s wheat output, which was threatened by the second-warmest February in over a century, is likely to be a bumper one this year as favorable weather during the crucial grain-filling stage improved yields. The world’s second-biggest grower is set for a record harvest as climatic conditions were good, and there were no reports of any major damage due to hailstorms or crop diseases, said Ratan Tiwari, director of state-run Indian Institute of Wheat and Barley Research. The increased use of climate-resilient, high-yielding seeds further helped in improving productivity, he said.
 Source:  business-standard.com
May 23, 2025 News Image India-US trade talks enter final stretch as agriculture, dairy remain key hurdles.
As Commerce Minister Piyush Goyal continues high-level talks in Washington to finalise a much-anticipated India-US trade agreement, former Indian Ambassador to the WTO, Jayant Dasgupta, has shed light on the sensitive issues holding back a breakthrough — with agriculture and dairy at the forefront.
 Source:  financialexpress.com