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Jun 20, 2025 News Image UK Scotch whisky makers cheer news of FTA with India, eye expansion.
Global Scotch whisky producers are eagerly eyeing India after New Delhi and London concluded their long-awaited free trade agreement (FTA), as lower tariffs are set to propel sales in the world’s largest market for the popular alcoholic drink. Finalised last month, the deal will lead to India halving its levy on British whiskies and gin from 150 per cent to 75 per cent starting from the middle of next year, and reducing it further to 40 per cent over a 10-year period.
 Source:  scmp.com
Jun 20, 2025 News Image India seeking trade deals with rich, democratic countries: Goyal.
Commerce and Industry Minister Piyush Goyal said on Thursday the government was interested in doing trade deals with rich countries and democratic allies, as he distanced himself from previous governments’ efforts to explore deals with countries he considered competitors. Mr. Goyal’s comments were made at the India Global Forum 2025 conference, during a conversation with Ian Blatchford at London’s Science Museum.
 Source:  thehindu.com
Jun 20, 2025 News Image India’s Trade With G7 Nations Hits $248 Bn In FY25: Report.
India’s merchandise trade with G7 nations reached USD 248 billion in the financial year 2024–25 (FY25), growing at a compound annual rate of 13 per cent since FY21, according to data released by Rubix Data Sciences on Tuesday. Exports to the G7 — comprising the United States, United Kingdom, Germany, France, Italy, Canada and Japan — stood at USD 138 billion, while imports were recorded at USD 110 billion, resulting in a trade surplus of USD 28 billion. India maintained a surplus with four of the seven countries: the US, UK, France and Italy.
 Source:  businessworld.in
Jun 20, 2025 News Image US asks India to fast-track approval of exports such as meat and seafood.
As the trade negotiations between India and the US are going on, the latter has asked India to fast-track the process of approval of certain food items exported from the US including meat and seafood. The bilateral trade negotiations were going on for the last few months after the new US President Donald Trump took over the office.
 Source:  fnbnews.com
Jun 20, 2025 News Image India's trade with GCC in focus amid Iran-Israel ongoing conflict.
Amid the ongoing Iran-Israel conflict, traders are worried that conflict will result in disruption and escalate freight costs. Trade with West Asian nations is crucial for India, considering that nearly two-thirds of its import of crude oil and half its inbound shipment of liquefied natural gas pass through the Strait of Hormuz, which Iran has now threatened to close. India’s trade with West Asia is crucial, considering that apart from Russia, it imports crude oil from Iraq, United Arab Emirates (UAE) and Saudi Arabia. Among the West Asian nations, the majority of India’s trade is with the Gulf Cooperation Council.
 Source:  business-standard.com
Jun 20, 2025 News Image A New Addition to Export Basket of Karnataka: The State Starts Blackberry Export, Ships First Consignments to the UK.
As India is gearing up to enhance its trade, Karnataka has added one more agri product to the export basket. Karnataka will now export jamun (Indian blackberry) to the United Kingdom for the first time, with two trial consignments recently dispatched. The initiative is a part of the government’s broader push to diversify exports of niche and indigenous products.
 Source:  outlookbusiness.com
Jun 20, 2025 News Image India Exports Fresh Jamun Fruit to London.
The commerce ministry's arm Agricultural and Processed Food Products Export Development Authority (APEDA) on Thursday flagged-off the first export consignment of fresh Jamun fruit from Karnataka to London. The move marks a significant step in promoting India's traditional fruits from different regions in global markets.
 Source:  money.rediff.com
Jun 20, 2025 News Image Rajasthan’s procurement push propels India’s wheat purchase to four-year high.
Thanks to an extended and robust procurement drive in Rajasthan, India’s wheat procurement for the current season, which began on April 1, has successfully reached 30 million tonnes (mt). This significant achievement – the highest in four years – provides the government with a crucial buffer to intervene in the open market should prices begin to escalate.
 Source:  thehindubusinessline.com
Jun 20, 2025 News Image Union Minister of Commerce & Industry, Shri Piyush Goyal Showcases India’s Strategic Economic Vision at India Global Forum 2025 in London.
Union Minister of Commerce & Industry, Shri Piyush Goyal showcased India’s strategic global outlook and economic leadership at the India Global Forum (IGF) 2025 in London today. His visit marks a significant moment following the historic signing of the India–UK Free Trade Agreement (FTA) in May 2025.
 Source:  pib.gov.in
Jun 20, 2025 News Image Focused on doing trade deals to complement, not compete: Piyush Goyal.
India is in trade dialogues with countries with whom it doesn't compete but can complement the economies involved, Commerce and Industry Minister Piyush Goyal said here on Thursday. Addressing an India Global Forum (IGF) session on UK-India Science, Technology and Innovation Collaboration at the Science Museum, the minister elaborated on the opportunities that trade deals open up - bilaterally and to the wider global economy.
 Source:  economictimes.indiatimes.com