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Canada–India to start discussions on resuming trade talks next week, Piyush Goyal says

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[ad_1] India and Canada will resume discussions on a Comprehensive Economic Partnership Agreement (CEPA) next week, Commerce and Industry Minister Piyush Goyal said on Friday, marking a significant thaw in bilateral ties following two years of diplomatic strain.Speaking at FICCI’s 98th Annual General Meeting, Goyal confirmed the renewed engagement, stating: “Canada and India are looking at CEPA. Next week, they are going to kickstart conversations around that.”The development comes after Canada had paused negotiations in 2023 amid tensions triggered by allegations made by then Prime Minister Justin Trudeau. Diplomatic momentum picked up only this year after Prime Minister Narendra Modi met his Canadian counterpart Mark Carney on the sidelines of the G7 summit in June.India widens global trade negotiationsGoyal outlined New Delhi’s expanding trade agenda, noting that the government has already concluded agreements with Australia, the UAE, Mauritius, the UK and the four-nation EFT...
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India, US hold virtual trade talks, deal to be locked before year end: Commerce Secretary

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[ad_1] India and the United States are holding virtual trade talks at a regular basis, Rajesh Agarwal, Commerce Secretary, said on Friday, adding that the country expects to lock the deal with the US before year's end as most issues are already resolved.There have been a lot of changes in the global trade landscape since talks began for the Bilateral Trade Agreement (BTA), Agrawal said. "Any remaining issue over the India-US trade deal could be addressed at the political level," he added.India is hopeful of finding a solution within the current calendar year since there is not much left to negotiate, he said while speaking at the FICCI’s 98th AGM and annual convention in Delhi.Also read: India-US sign Rs 7,995 cr agreement for Navy's MH-60R helicopter fleet support: Defence MinistryDual negotiations with USAgarwal said that India is negotiating two parellel deals with the US - one for a trade deal, and other one for addressing reciprocal tariffs imposed by US P...
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Italy-India ready for partnership in a new era

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[ad_1] Ambassador Antonio Bartoli: The Joint Strategic Action Plan is a testimony to our two Prime Ministers’ ambition to translate the strategic partnership between Italy and India into mutually beneficial initiatives and concrete results. So, our leaders identified ten priority areas for closer bilateral cooperation: political dialogue, which is a precondition, and then trade and investment, science, technology, innovation, startups, space, defence, talent, mobility, migration, connectivity, energy transition, security, and, I would say, people-to-people [ties]. So, culture, inter-university cooperation and sport. Spotlight WireYou spoke of ten areas where the two countries are cooperating…Ambassador Antonio Bartoli: Our aim is to enhance and rebalance both trade and investments. Bilateral trade exchange between our countries is in total more than €14 billion, €9 billion of India’s export to Italy and €5 billion of Italy’s export to India. In investments, Italy is making a lot...
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India in talks with 50 nations for trade pacts: Piyush Goyal

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[ad_1] New Delhi: India is in talks with 50 countries for trade agreements through 14 groups, union commerce and industry minister Piyush Goyal said on Friday."We've all seen the importance of having trusted partners around the world to work with... countries who believe in fair trade and equal opportunity on both sides," he said, addressing the 98th annual general meeting of the Federation of Indian Chambers of Commerce & Industry.Also Read: India, US hold virtual trade talks, deal to be locked before year endThe minister announced that India and Canada are looking at a comprehensive economic partnership agreement and that "conversations around that are expected to kick-start next week".Besides, Goyal said while India is talking to Oman, Bahrain and Qatar also want to enter into negotiations. "The Gulf Cooperation Council also is now talking that the whole six-nation group would like to engage," he said. Goyal's recent three-day trip to...
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India’s exports to the US down 28.5% in last 5 months as tariffs troubles kick in

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[ad_1] India's exports to its largest export market, the United States, have suffered a sharp reversal under the impact of aggressive tariff hikes. Between May and October 2025, shipments fell 28.5 per cent, plunging from USD 8.83 billion to USD 6.31 billion, according to trade-focused think-tank Global Trade Research Initiative (GTRI).The decline in exports followed a rapid escalation in US duties that began at 10 per cent on April 2, rose to 25 per cent on August 7, and reached 50 per cent by late August.The spike in tariffs made Indian goods among the most heavily taxed of any US trading partner, according to a GTRI report Saturday.For comparison, China faced tariffs of about 30 per cent, while Japan at 15 per cent.India's exports to the US during the period has been divided into three tariff regimes in the GTRI report -- Tariff-exempt items such as smartphones, pharmaceuticals and petroleum products accounted for 40.3 per cent of October exports but still fell 25.8 p...
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India's exports in sectors facing global regulations exposed to higher risk due to climate inaction: BCG

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[ad_1] New Delhi: India's export-driven businesses in sectors such as aluminium, iron and steel that face international regulatory shocks are increasingly exposed to risk due to climate inaction threatening their profits, operations, and long-term viability, according to global consulting firm BCG. India is among the top 10 countries most affected by extreme weather events, as the 'Climate Risk Index 2026' launched at COP30 reveals, and the cost of inaction for India is too big to ignore, BCG Managing Director and Senior Partner, Asia Pacific Leader, Climate & Sustainability, Sumit Gupta, told PTI in an emailed interview. Citing data from RBI and WEF 2024, he said 4.5 per cent of India's GDP by 2030 is at massive risk of erosion due to climate-induced extreme events, and by the end of the century, climate-related challenges could cost India between 6.4 per cent and over 10 per cent of its national income. "Businesses face the direct brunt of these risks,...
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Global trade slowdown may expose India's export vulnerability: GTRI

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[ad_1] Global trade policy shocks coupled with domestic cost pressures are likely to expose the Indian economy's vulnerability to slowing world demand, according to trade-focused think-tank Global Trade Research Initiative (GTRI), which cited data from the latest World Trade Organization's Goods Trade Barometer.The WTO report, released earlier this week, according to GTRI, pointed to a marked cooling in global merchandise trade after the tariff-driven surge earlier in the year.According to the WTO, GTRI noted, global trade held up in early 2025 on the back of strong demand for AI-related goods, but momentum is now easing as front-loading fades and protectionist pressures re-emerge.While most components, be it electronics, air freight, container shipping and autos, continue to signal expansion, the rate of growth is slowing, and agricultural raw materials have already fallen below trend, GTRI noted."The warning is blunt: growth remains intact for now, but rising tari...
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