News & Update
28 May 2025
Good news for Indian exporters. Shipments are slowly resuming via the Red Sea. This follows months of disruptions due to regional tensions. The move will reduce transportation time. Freight rates have also stabilised. The Red Sea route is crucial for trade with Europe and the US. Most ships had rerouted around the Cape of Good Hope.
28 May 2025
A finance ministry report indicates a potential US-India trade agreement could boost exports and investment, offsetting global economic headwinds. India seeks full exemption from reciprocal tariffs before the July 8 deadline. Despite global uncertainties, India’s strong domestic fundamentals and prudent
28 May 2025
India anticipates its goods and services exports to hit $1 trillion by fiscal year 2026. This growth is supported by new trade agreements and the resumption of shipments via the Red Sea route. Federation of Indian Export Organisations projects increases in merchandise and service exports. Key sectors driving this growth include electronics, agriculture, and petroleum products.…
28 May 2025
Commerce Minister Piyush Goyal met with exporters to discuss ongoing trade negotiations with the US and EU, urging increased utilization of FTAs. Support for navigating EU regulations like the Digital Product Passport was pledged. Discussions also covered a centralized exporter portal and boosting services and value-added goods exports, with 9-10 FTAs in the pipeline…
28 May 2025
India and the UK have finalized a free trade agreement. This pact lowers tariffs on British premium cars. A limited quota of vehicles will see tariffs drop to 10%. The agreement also allows 1,800 Indian professionals to work in the UK annually. UK firms can bid on Indian government tenders. The FTA is expected to boost….
28 May 2025
Commerce Minister Piyush Goyal urged exporters to better utilize free trade agreements and addressed non-tariff barriers in a meeting with export bodies. Discussions covered a centralized exporter portal, trade talks with the EU and US, and strategies to boost service and value-added goods exports. The government has allocated ₹18,233 crore for the RoDTEP scheme, benefiting…
28 May 2025
Foreign Secretary Vikram Misri met with Under Secretary Jeffrey Kessler to enhance India-US collaboration in critical and emerging technologies. Discussions also included the early convening of the India-US Strategic Trade Dialogue to strengthen bilateral cooperation in technology and trade sectors. This visit follows Prime Minister Modi’s US visit in February, where…
28 May 2025
The finance ministry expects that a potential India-US trade deal will significantly boost exports and transform economic challenges into opportunities. While highlighting proposed US tariffs as a key vulnerability, the ministry emphasizes the importance of a balanced agreement to stimulate private investment amid global uncertainties….
27 May 2025
India’s steel ministry is leaning towards extending import restrictions on low-ash metallurgical coke, citing sufficient domestic supplies, a move opposed by steelmakers. These companies, including ArcelorMittal Nippon India and JSW Steel, fear the curbs will impede their expansion plans due to
27 May 2025
India faces pressure from the US in trade talks, particularly regarding food and fuel. While open to some concessions, India is hesitant about allowing American corn-based ethanol for gasoline blending due to its focus on supporting local farmers and reducing reliance on imported fuel.
27 May 2025
The government has reinstated the RoDTEP scheme benefits for exporters operating under Advance Authorisation, EOUs, and SEZs, effective June 1, 2025. This move aims to enhance the global competitiveness of Indian exporters by refunding taxes and duties not covered by other schemes.
27 May 2025
The government has eliminated port restrictions on specific leather exports, including finished, wet blue, and El tanned varieties, a decision celebrated by industry exporters. Simultaneously, import restrictions have been imposed on cabinet hinges priced below Rs 280 per kilogram to curb
26 May 2025
US officials are expected to visit India for trade talks, aiming to finalize an interim agreement before July 9. India seeks full exemption from the 26% reciprocal tariff. Negotiations are progressing rapidly, with both nations targeting the first phase of a bilateral trade agreement by fall. The US remains India’s largest
26 May 2025
The government has eliminated port restrictions on specific leather exports, including finished, wet blue, and El tanned varieties, a decision celebrated by industry exporters. Simultaneously, import restrictions have been imposed on cabinet hinges priced below Rs 280 per kilogram to curb
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