Trade Relations News - Latest Updates & Headlines
Shashi Tharoor shares concerns over US tariffs ahead of Congress meet, says Situation is negative
Ahmedabad, April 7: Shashi Tharoor on Monday expressed concerns over the impact of US tariffs on India's economy and emphasised the need for effective bilateral trade agreements, and called the situation "quite negative."
Going to completely devastate our economy: Rahul Gandhi on US reciprocal tariffs
New Delhi, April 3: Congress leader and Leader of Opposition in Lok Sabha Rahul Gandhi said on Thursday that the United States' decision to impose reciprocal tariffs will "completely devastate our economy" with the auto industry, pharmaceuticals and agriculture among sectors expected to face the brunt.
Europe is prepared to respond, EU ramps up counters against US tariffs
Brussels, April 3: President of the European Commission Ursula von der Leyen on Thursday announced that the EU was preparing to ramp up its countermeasures to protect itself from US' reciprocal tariffs, Euro News reported.
Trump adviser suggests tariff plans remain fluid days before April 2 implementation
Washington, March 31: One of US President Donald Trump's top economic advisers declined to say how many countries would be targeted by the President's promised reciprocal tariffs this week and suggested the plans remain fluid.
India, US agree to finalise first tranche of bilateral trade agreement by fall 2025
New Delhi, March 29: In a bid to expand their bilateral trade to $500 billion by 2030, India and the US on Saturday concluded their talks in the national capital, broadly reaching an understanding to finalise the first tranche of the bilateral trade agreement (BTA) by fall 2025.
India cannot be labeled tariff abuser, Modi's administration will navigate trade tensions: former US official
Washington, DC, March 29: Ray Vickery, former United States Assistant Secretary of Commerce for Trade Development on Saturday said that India can not be accused as the tariff abuser, adding that Prime Minister Modi and his administration will continue to manage the delicate trade relationship with the US.
3-day 'Act East Business Show' in Shillong to boost trade relations with BBIN, ASEAN
Shillong, March 18: The Meghalaya government in collaboration with the Indian Chamber of Commerce is set to organise a 3-day ‘Act East Business Show’ in Shillong to promote stronger economic and trade relations between BBIN and ASEAN nations.
India, Ireland poised to boost trade, education ties: Irish Minister James Lawless
New Delhi, March 17: Ireland is looking to deepen its collaboration with India in trade, education, and research, according to James Lawless, Ireland's Minister for Further and Higher Education, Research, Innovation, and Science on Monday.
India, New Zealand start talks for Free Trade Agreement
New Delhi, March 16: India and New Zealand have launched negotiations for a "comprehensive and mutually beneficial" Free Trade Agreement (FTA), the Union commerce ministry said in a statement Sunday, minutes after the Kiwi Prime Minister Christopher Luxon landed in New Delhi for a five-day official visit.
Strengthening New Zealand's relationship with India is a key priority, NZ PM says
Wellington, March 10: New Zealand Prime Minister Christopher Luxon on Monday announced that he will be visiting India with a senior business delegation.
Foolish endeavour, will disturb trade structure: Foreign Affairs experts on Trump's reciprocal tariffs on India
New Delhi March 5: The foreign affairs experts have criticised the decision of Donald Trump administration to impose reciprocal tariffs on India, while pointing that the move is a matter of 'concern' for the whole world and will end up disturbing the trade structure.
Sheinbaum touts strength of Mexico's economy as US tariffs put in force
Mexico City, March 5: Mexico's economy is "strong" and has significant reserves to withstand the 25 per cent tariffs on Mexican products the US put in force starting from Tuesday, Mexican President Claudia Sheinbaum said.
China urges US to withdraw probe into copper imports
Beijing, Feb 27: China's Ministry of Commerce on Thursday urged the United States to withdraw its Section 232 probe into copper imports as soon as possible, stating that its so-called accusation that China uses subsidies and excess capacity to undermine competition is entirely unfounded.
Trump said he would impose reciprocal tariffs but PM just kept smiling: Congress' Pawan Khera
New Delhi, February 21: Congress leader Pawan Khera on Friday asked why Prime Minister Narendra Modi did not take action against the decision of US President Donald Trump to impose reciprocal tariffs in the country and end BRICS. He also questioned the Prime Minister's silence on the US 'imposing' on India their F-35 fighter jets, which the Congress leader said had been dubbed as 'junk' by Elon Musk.
Switzerland's MFN clause adjustment won't impact India-Swiss trade relations: Swiss Official
New Delhi, February 13: Switzerland's decision to adapt the Most Favored Nation (MFN) clause in its double taxation agreement with India will not impact bilateral financial and economic relations, according to Alexandra Fasel, State Secretary at the Swiss Federal Ministry of Foreign Affairs.
UAE-Kyrgyz Business Council discusses boosting cooperation in private sector
Sharjah, February 5: The Federation of the UAE Chambers of Commerce and Industry (FCCI) organised the first meeting of the UAE-Kyrgyz Joint Business Council.
EU ready for tough trade talks with US, says Ursula von der Leyen
Brussels, Feb 5: European Commission President Ursula von der Leyen said that the European Union (EU) is prepared for tough negotiations with the US to safeguard its economic interests.
UAE-Kuwait trade relations exemplify Arab integration: Kuwait's Ministry of Commerce and Industry
Dubai, February 3: Zyad Abdullah Alnajem, Under-Secretary of the Ministry of Commerce and Industry of the State of Kuwait, stressed that the future of economic relations between Kuwait and the UAE holds promising prospects that ensure prosperity and growth in the Gulf region, underpinned by strong trade and investment ties.
India, Oman hold Joint Commission meeting, leaders discuss enhancing trade, investment
New Delhi, January 29: Union Minister of Commerce and Industry Piyush Goyal visited Oman on January 27-28 and co-chaired the 11th Session of the India-Oman Joint Commission Meeting (JCM).
CM Mohan Yadav discusses investment opportunities in MP with delegates in Tokyo
Bhopal, Jan 28: Madhya Pradesh Chief Minister Mohan Yadav met delegates in Tokyo on Tuesday and discussed investment opportunities in his state.
Jaishankar highlights $160 billion trade ties with Gulf at Raisina Middle East
Abu Dhabi, January 28: External Affairs Minister S Jaishankar on Tuesday underlined the strategic importance of India's ties with the Middle East, particularly the Gulf region, during the inaugural session of Raisina Middle East in Abu Dhabi.
Donald Trump criticises 'unfair' trade relationship with China, stresses on 'level playing field'
Washington, Jan 24: US President Donald Trump, affirmed hope of having a "very good relationship" with China under his administration, while also stressing the need to have a "level-playing field" regarding the trade situation.
EU and India forge path to transform global trade, investment landscape
New Delhi, January 20: Maros Sefcovic, Commissioner for Trade and Economic Security of the European Commission, hailed the success of the high-level trade and investment dialogue between the European Union (EU) and India, hosted in Brussels.
India outlines 6-point plan to boost economic ties with EU
Brussels, Jan 19: Commerce and Industry Minister Piyush Goyal outlined six broad principles for building a mutually beneficial partnership between India and the European Union at a high-level meeting here with Maros Sefcovic, European Commissioner for Trade and Economic Security on January 18-19.
Georgia's prime minister vows to deepen strategic ties with Azerbaijan
Baku, Jan 18: Georgia's Prime Minister Irakli Kobakhidze visited Baku for official talks, marking his first foreign trip after being reappointed to office, and focusing on enhancing the strategic partnership between Azerbaijan and Georgia.
CEPA unlocks substantial opportunities for expanding exports of high-quality food products to UAE: Prime Minister of New Zealand
Abu Dhabi, January 16: Christopher Luxon, Prime Minister of New Zealand, said that the UAE is New Zealand's most trusted economic partner, indicating that the Comprehensive Economic Partnership Agreement (CEPA) between the two countries marks a new era in their bilateral relations.
US Senator Tom Cotton calls for repeal of China's permanent normal trade relations status
Washington DC, January 14: US Senator Tom Cotton has criticised China's Permanent Normal Trade Relations (PNTR) status, highlighting its detrimental impact on both the US economy and national security.
Oman's Minister of Commerce congratulates India for its economic growth, says impressive transformation over the last 20 years
Muscat, January 10: Oman's Minister of Commerce, Industry, and Investment Promotion, Qais bin Mohammad Al Yousef, on Thursday lauded India's economic growth and congratulated its leadership for the country's remarkable transformation over the past two decades.
Business ties between two nations is remarkable: Ex-Bangladesh envoy to India
Dhaka, January 8: Former Deputy High Commissioner for Bangladesh to India, Mashfee Binte Shams called the business ties between India and Bangladesh as "remarkable."
South Korea to find new area of cooperation with US in 2025
Seoul, Jan 8: South Korea plans to explore new areas of cooperation with the United States and respond promptly to potential changes in US trade policies following the launch of the second Donald Trump administration later this month, the industry ministry said on Wednesday.
What a great Nation it would be!!!: Donald Trump reacts to Justin Trudeau's resignation, reiterates his stance on Canada
Washington, DC, January 7: US President-elect Donald Trump on Monday used Canadian Prime Minister Justin Trudeau's announcement of his plan to step down to reiterate his stance that Canada becomes the 51st state of the US.