Economic Diplomacy News - Latest Updates & Headlines
India, EU nearing Free Trade Agreement as negotiations progress: MEA
New Delhi, April 4: India and the European Union are close to finalising a Free Trade Agreement (FTA), with negotiations progressing strongly, Secretary (West) Tanmay Lal of the Ministry of External Affairs (MEA) said on Friday during a special media briefing.
'Trump tariff' on India misguided: Democrat Congressman Raja Krishnamoorthi
Washington, April 4: Democrat Congressman Raja Krishnamoorthi said on Thursday that President Donald Trump’s tariffs on India are “misguided” and are likely to place an unnecessary strain on the US relationship with the world’s largest democracy.
China criticises US' 34% tariff hike, calls it violation of WTO rules
Beijing, April 4: In response to the US' decision to impose a 34 per cent tariff on imports from China, the country strongly criticised the move, calling it a violation of World Trade Organization (WTO) rules and a threat to the multilateral trading system.
Trump's order hikes duty on Indian goods by 27 per cent, India in touch with US on tariff issue
New Delhi, April 3: The executive order issued by US President Donald Trump has imposed an additional duty of 27 per cent on Indian goods entering the US and the Commerce Department carefully examining the implications of the order, the Piyush Goyal-headed Commerce and Industry Ministry said on Thursday.
Shashi Tharoor expresses concern over US tariffs' impact on India-US automobile trade
New Delhi, April 3: Following US President Donald Trump's announcement of tariffs, Congress MP Shashi Tharoor highlighted how the tariffs could affect the automobile sector, particularly the trade of automobile parts.
Mistake that benefits no one: World leaders react to Trump's 'reciprocal tariffs'
Washington, April 3: As US President Donald Trump signed an executive order on the so-called "reciprocal tariffs," the world reacted sharply against the decision, with some calling it a "mistake that benefits no one" while others called it a violation of Washington's obligations under the World Trade Organization (WTO).
India eyes $100 bn trade with Latin American & Caribbean countries
New Delhi, March 19: India is keen to double its trade with Latin American and Caribbean (LAC) countries to $100 billion and the path is very clear, Commerce Secretary Sunil Barthwal said here on Wednesday.
Like it or not, they are a reality: EAM Jaishankar on the use of tariffs, sanctions
New Delhi, March 19: External Affairs Minister S Jaishankar highlighted the reality of there being increased use of tariffs and sanctions by various countries to protect one's economic interests, and that developing International relations has "eroded" the lines which divide the different domains across countries.
'EFTA-FTA very positive step to enhance India-Norway trade relations' says FM Espen Barth Eide
New Delhi, March 18: Norway's Foreign Affairs Minister, Espen Barth Eide, has welcomed the European Free Trade Association (EFTA)-India Free Trade Agreement, calling it a "very positive step" to boost trade relations between India and Norway.
Critical source of pharmaceuticals, machinery for us: New Zealand PM highlights India's growing economic sophistication
New Delhi, March 17: New Zealand Prime Minister Christopher Luxon on Monday acknowledged India's growing economic sophistication, highlighting the country's emergence as a critical source of pharmaceuticals and machinery for New Zealand.
We need better logistics... construction of naval and aerial hub: Peru Foreign Minister on strengthening economic ties with India
New Delhi, March 17: Peru's Foreign Minister Elmer Schialer on Monday emphasised the importance of improving logistics between India and Peru to strengthen their economic ties.
India, New Zealand launch FTA negotiations as PM Luxon arrives in Delhi
New Delhi, March 16: India and New Zealand on Sunday announced the launch of negotiations for a comprehensive and mutually beneficial Free Trade Agreement (FTA) negotiations.
India-US trade deal likely to materialise by fall 2025: Morgan Stanley
New Delhi, March 11: A trade deal between India and the US would likely take some time but will materialise by the fall 2025, according to a Morgan Stanley report released on Tuesday.
India, EU to hold next round of trade talks on March 10
New Delhi, March 9: India and the European Union are scheduled to begin the next round of talks for a proposed free trade agreement (FTA) from Monday in Brussels with the aim of concluding the talks by the end of this year, a senior official said.
India, US gearing up to negotiate BTA, can potentially boost trade between the two nations: MEA
New Delhi March 7: India and the US are gearing up to negotiate a landmark Bilateral Trade Agreement (BTA) that could potentially boost trade between the two nations amid US President Donald Trump's plans to impose reciprocal tariffs on US trading partners, including India.
Trump delays tariffs on Mexico and Canada, says big one on April 2
Washington DC, March 7: President Donald Trump delayed tariffs on Mexico and Canada for a short-term period for certain products before the "big one" from April 2. He said he agreed after having "fruitful conversations" with Mexico President Claudia Sheinbaum while he slammed Canada for being a "high tariff nation".
Trump's presidency good for India; working to strengthen global financial system a priority: EAM Jaishankar
London, March 6: External Affairs Minister (EAM) S. Jaishankar has said that Donald Trump's presidency has so far been good for India in many ways and working with the US to strengthen the international financial and economic system should be priority for India.
Trump claims South Korea's average tariff is 4 times higher
Washington, March 5: US President Donald Trump has claimed that South Korea's average tariff is four times higher than the United States' although America has helped the Asian ally militarily and in "so many other ways."
PM Modi meets Belgian Princess Astrid
New Delhi, March 4: Prime Minister Narendra Modi on Tuesday met Belgian Princess Astrid, who is leading a high-level delegation to India from March 1-8.
Union Defence Minister Rajnath Singh meets Princess Astrid of Belgium
New Delhi, March 3: Union Defence Minister Rajnath Singh on Monday met Princess Astrid of Belgium and his Belgian counterpart Theo Francken.
Union Minister Piyush Goyal welcomes Princess Astrid of Belgium in Delhi
New Delhi, March 2: Union Minister of Commerce and Industry Piyush Goyal received Princess Astrid of Belgium upon her arrival on Sunday.
Piyush Goyal meets EU Commissioner for Trade and Economic Security, discusses efforts for balanced FTA
Mumbai, March 1: Union Commerce and Industry Minister Piyush Goyal on Saturday held a meeting with Maros Sefcovic, European Union Commissioner for Trade and Economic Security with the discussions focused on accelerating efforts towards a balanced and mutually beneficial Free Trade Agreement between India and European Union.
High-level Belgian delegation in India to boost trade, diplomatic ties
New Delhi, March 1: A high-level Belgian delegation, led by Princess Astrid, is visiting India from March 1-8 to boost trade and diplomatic ties.
Piyush Goyal discusses India-EU trade ties with EU trade Commissioner
New Delhi, February 28: Union Minister of Commerce & Industry Piyush Goyal held a candid and insightful discussion with EU Trade Commissioner Maros Sefcovic in Delhi on Friday.
Princess Astrid of Belgium, FM Maxime Prevot to visit India on March 1
New Delhi, February 27: The sister of Belgium's King Philippe, Princess Astrid, is set to visit India from March 2 to March 8, meeting Prime Minister Narendra Modi, EAM Jaishankar, and visiting various states including Uttar Pradesh, Maharashtra, and Delhi.
South Korea bats for 'constructive alternative amid Trump tariff concerns
Washington, Feb 27: South Korea's industry minister expressed confidence that Seoul and Washington will be able to find a "constructive" and "win-win" alternative, as the Donald Trump administration is working to impose "reciprocal" tariffs on US imports to match what other countries slap on American goods.
India, UK resume negotiations on Free Trade Agreement
New Delhi, February 24: India and the UK have resumed negotiations towards a Free Trade Agreement (FTA) between the two nations, the Ministry of Commerce and Industry said in a statement on Monday.
Trade tariffs: South Korean Industry minister to visit US this week
Seoul, Feb 23: South Korean Industry Minister Ahn Duk-geun will pay a visit to the United States as early as this week for discussions on new U.S. import tariff plans, a government official said on Sunday.
India, UK to resume Free Trade Agreement talks; UK Minister to visit India next week
New Delhi, February 21: India and the United Kingdom are set to relaunch negotiations on the long-pending Free Trade Agreement (FTA), sources told ANI.
Acting President Choi calls for stronger US outreach amid trade concerns
Seoul, Feb 21: Acting President Choi Sang-mok on Friday instructed officials to more actively reach out to the United States and indicate the government's position on Washington's trade policy, amid growing concerns over escalating tariffs.
On Trump's possible new US-China trade deal; Beijing reiterates tariff wars produce no winners
Washington, February 20: US President Donald Trump has claimed that the "very good relationship" he enjoys with his Chinese counterpart Xi Jinping will make it "possible" to strike a new trade deal with China.
Guess they were trying to get somebody elese elected Donald Trump questions 21 Million USD fund for India voter turnout
Florida, February 20: US President Donald Trump has one again questioned the United States' allocation of USD 21 million for voter turnout efforts in India, comparing it to concerns over foreign interference in American elections while addressing the FII PRIORITY Summit in Miami, Florida.
India, Qatar aim to double annual trade in five years from existing USD 14 billion
New Delhi, February 18: Prime Minister Narendra Modi held bilateral talks with Qatar Amir Sheikh Tamim Bin Hamad Al Thani on Tuesday, with the two leaders discussing trade, investment and energy and recalling historic trade linkages and deep-rooted people-to-people ties between the two countries.
Want to increase and diversify India-Qatar trade linkages, says PM Modi after 'productive' talks with 'brother' Sheikh Al Thani
New Delhi, Feb 18: As they announced to elevate the ties to a strategic partnership, India and Qatar on Tuesday also expressed happiness at the signing of the revised Double Taxation Avoidance Agreement and expediting negotiations on the India-Qatar Bilateral Investment Treaty.
India today provides oasis of stability, predictability and continuity: Piyush Goyal
New Delhi, February 18: Union Minister of Commerce and Industry Piyush Goyal highlighted that India-Qatar future partnership will rest on the pillars of sustainability, technology and entrepreneurship and energy.
FM Sitharaman meets former UK PM Rishi Sunak
New Delhi, Feb 18: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman met former UK Prime Minister Rishi Sunak here on Tuesday and the two discussed potential new avenues to strengthen market-based financial ties and drive economic growth.
India, US don't compete as much as they complement each other: Piyush Goyal
Mumbai, Feb 18: Union Minister of Commerce and Industry, Piyush Goyal, on Tuesday, said India and the United States do not compete as much as they complement each other, and discussions are underway with various stakeholders, both within and outside the government, to strengthen trade ties between the two nations.
US tariffs: Bilateral negotiations provide collateral benefits to India, says SBI report
New Delhi, Feb 17: US trade tariff reciprocity may turn out be more of white noise and overall bilateral negotiations provide a collateral benefit to India, through fostering a conducive environment of cooperative dynamism across defence, energy security, innovations, technology, critical minerals, maritime security, investments and higher education, a special SBI Research report said on Monday.
Senior Seoul trade official departs for US to discuss Trump tariffs
Seoul, Feb 17: South Korea's deputy trade minister departed for Washington on Monday to hold talks pertaining to new US tariffs and related trade policies under President Donald Trump, his office said.
India-Switzerland economic ties set to strengthen with new investment pact; no impact of MFN suspension on Indian companies: Top Swiss official
New Delhi, February 14: State Secretary for Foreign Affairs in Switzerland, Alexandre Fasel, on Thursday, said that India and Switzerland are poised to strengthen their economic ties through a new bilateral investment treaty.