GAGA B2B - CONNECTING IMPORTERS AND EXPORTERS

[ad_1] Mumbai: India has concluded nine free trade agreements (FTAs), covering 38 nations, enabling the country's shipments to get preferential access to nearly two-thirds of global markets, Commerce and Industry Minister Piyush Goyal said on Wednesday.Addressing the EY Entrepreneur Of The Year Awards ceremony here, Goyal said that these pacts will help Indian goods, services, agricultural and fisheries products, and labour-intensive sectors reach new markets, integrate into global value chains and enhance talent mobility. He said that every country wants to enter into a trade deal with India and added that "I have had an engagement with Chile, which wants to conclude the FTA this week. We are launching (FTA talks with) Canada, hopefully when the prime minister (Mark Carney) is here on Monday." He said that India should be able to finalise the Terms of Reference and launch FTA negotiations with Canada.Goyal underscored that India's youth and human capital are ...

[ad_1] New Delhi: The US announced a preliminary countervailing duty (CVD) of 125.87% on Indian solar cells and modules that's expected to further limit exports to the key market, although some manufacturers had already begun reducing shipments after an investigation was initiated in August. Shares of major Indian solar manufacturers such as Waaree Energies, Premier Energies and Vikram Solar fell sharply on the bourses as investors priced in potential export headwinds. The US Department of Commerce announced, on February 24, preliminary affirmative determinations in its CVD investigations into crystalline silicon photovoltaic cells and modules from India, Indonesia and Laos, concluding that producers in these countries benefited from government subsidies that allegedly distorted competition in the US market. The final determination in these CVD investigations is scheduled to be issued on July 6. Solar imports from India in 2024 were valued at $792.6 million, more than nine t...

[ad_1] India has secured zero-duty access for a wide range of its exports to the United States under the interim trade deal framework, with agriculture, pharmaceuticals and high-value manufactured goods among the biggest beneficiaries, Commerce and Industry Minister Piyush Goyal said at a press briefing.Putting farmer interests at the centre, Goyal stressed that the agreement opens the US market to several Indian agricultural products without imposing reciprocal tariffs, while ensuring domestic farmers are not harmed.Also Read: India-US trade deal: America has stopped short of Indian red lines“In agriculture too, many products from India will now be exported to the United States at zero duty,” Goyal said, adding that items such as tea, spices, coffee, coconut oil, copra and vegetable wax will face no import tariffs in the US.He said a wide range of fruits, vegetables and farm produce — including banana, mango, guava, avocado, kiwi, papaya, pineapple, mushrooms, vegetable roots, ...

[ad_1] India has successfully defended its key trade “red lines” in the landmark agreement with the United States, Union Commerce Minister Piyush Goyal said on Saturday, reiterating that the deal does not compromise the interests of the country’s farmers. Speaking at a press conference in New Delhi, Goyal said that no genetically modified (GM) products from the United States will enter India, addressing a key concern of the farming community.Contrary to fears that the entire agriculture sector would be opened up, Goyal said the government has taken care not to harm farmers.Zero duty, open market: Goyal says US doors open tariff free for India’s farmers and pharma India's red lines: Where it didn't budgeWhile certain agricultural products such as tea, spices, coffee, coconut oil, vegetable wax, areca nuts, chestnuts, and a wide range of fruits and vegetables will now enjoy zero additional tariffs when exported to the United States, the agreement provides no relief for sta...

[ad_1] India has granted the United States selective access to its market under the landmark trade agreement, Trade Minister Piyush Goyal said on Saturday, allowing certain products to enter duty-free while carefully protecting domestic interests.Speaking at a press conference, Goyal described the deal as a calibrated approach aimed at boosting trade and accelerating economic growth. “This agreement will provide an opportunity to take India’s economy forward at a faster pace,” he said, adding that the pact ensures that the country’s 140 crore citizens will benefit and celebrate its success.Also read: Piyush Goyal says farmers safe in US trade deal; India didn't budge on its red linesIndia opens doors selectivelyUnder the deal, several US products will now enter India with zero duties, including Distillers Dried Grains with Solubles (DDGS), a feed product widely used in animal husbandry. Live EventsA few wines and spirits have also been allowed, with adjustments such as the e...

[ad_1] The framework for an interim trade agreement between India and the US sends a strong signal of confidence to global investors and offers a timely boost to competitiveness, technology access, and supply chain resilience, India Inc said on Saturday.India and the US on Saturday announced they have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.FICCI President Anant Goenka said it marks a pivotal step forward in advancing economic synergy between two of the world's largest democracies.Also read: What India gave the US to seal a $500 billion interim trade deal"This strategic partnership is designed to lower tariffs, ease regulatory bottlenecks, and unlock new opportunities across sectors. As India strengthens its position as a global manufacturing hub, this agreement offers a timely boost to competitiveness, technology access, and supply chain resilience".While the US...