GAGA B2B - CONNECTING IMPORTERS AND EXPORTERS

[ad_1] Commerce and industry minister Piyush Goyal Tuesday said his talks with the EU have “significantly reduced our outstanding issues” and laid the foundation for a robust and balanced agreement. The minister was on a visit to Brussels and met European Commissioner for Trade and Economic Security Maroš Šefčovič on the proposed India-EU free trade agreement (FTA).“The efforts of our teams have been truly commendable. I look forward to welcoming my friend Maroš Šefčovič and the EU team again soon, as we work together to bring this dialogue to fruition,” Goyal said after concluding his visit which he described as “intense but productive”.Goyal’s visit follows the conclusion of the 14th round of talks between the two sides from October 6-10.The negotiating teams of the two sides are making good progress and an EU delegation will visit here next week to further iron out differences for an early conclusion of the proposed FTA.Addressing the media in Brussels after the talks, Sefcov...

[ad_1] The Directorate General of Foreign Trade (DGFT) Tuesday said it has amended a provision to facilitate domestic exporters to obtain the Certificate of Origin (CoO) under the India-EFTA free trade agreement, through self-declaration.The FTA between India and the four-nationEuropean Free Trade Association came into effect October 1. Iceland, Liechtenstein, Norway, and Switzerland are the EFTA members.A certificate of origin is required for claiming duty concessions under free trade agreements as it proves where the goods originate.A paragraph of the Handbook of Procedures 2023 “has been amended to facilitate exporters to obtain the CoO under the India-EFTA Trade and Economic Partnership Agreement (TEPA) through self-declaration, in addition to the existing system of issuance of CoO by the authorised agencies,” the DGFT said in a public notice.To simplify the certification process for exporters and enhance trade efficiency, the government earlier this year upgraded its system...

[ad_1] New Delhi: Commerce and industry minister Piyush Goyal Tuesday said his talks with the EU have "significantly reduced our outstanding issues" and laid the foundation for a robust and balanced agreement.The minister was on a visit to Brussels and met European commissioner for trade and economic security MaroS Šefcovic on the proposed India-EU free trade agreement (FTA)."The efforts of our teams have been truly commendable. I look forward to welcoming my friend MaroS Šefcovic and the EU team again soon, as we work together to bring this dialogue to fruition," Goyal said after concluding his visit, which he described as "intense but productive".Goyal's visit follows the conclusion of the 14th round of talks between the two sides from October 6 to 10. The negotiating teams of the two sides are making good progress and an EU delegation will visit here next week to further iron out differences for an early conclusion of the proposed FTA.Address...

[ad_1] With India's new free trade agreement with the European Free Trade Association (EFTA) taking effect from October 1, Swiss watchmakers such as Breitling are looking to generate profits that will allow them to invest more in people, advertising, media, boutiques and overall capital spending, said Breitling CEO Georges Kern.Kern expects the pact, under which New Delhi would slash the basic customs duty on Swiss watches over the seven-year period, would eventually reshape the economics of the luxury watch industry in India, whose world-leading growth credentials are already firmly established."The new free trade agreement is a big step forward. Earlier, we were operating with almost zero margins," Kern said. "Pricing won't change, but lower duties now allow us to invest far more than before. Earlier, we had to absorb the tariffs ourselves; now we can channel those resources directly into expanding our presence and strengthening the brand in India."...

[ad_1] Prime Minister Narendra Modi on Thursday said India and the United Kingdom may surpass their target of $112 billion in bilateral trade before 2030, calling the newly signed trade pact “not just a trade agreement but a vision of shared progress and prosperity between New Delhi and London.”Speaking at the India-UK CEO Forum in Mumbai, hours after signing a series of new pacts with British Prime Minister Keir Starmer, Modi said the partnership reflects growing confidence and economic convergence between the two nations.“This has been a significant year for India,” Modi said. “India and the UK have established strong foundations for trade and economic ties, thanks to industry leaders who have worked tirelessly.”He noted that bilateral trade currently stands at around $56 billion, and the pace of engagement suggests the two countries “may achieve or even exceed” their 2030 target ahead of schedule.Modi said that the deepening collaboration between academia and industry would s...

[ad_1] London: Britain on Thursday highlighted the job creation benefits accruing from 64 Indian investment projects worth 1.3 billion pounds announced during Prime Minister Keir Starmer's visit to Mumbai, which are expected to generate 6,900 new jobs across diverse sectors.Downing Street officials said the deals signed and sealed during Starmer's visit are a vote of confidence in the UK as a business destination and demonstrate the impact the UK-India Free Trade Agreement (FTA) is already having on investor confidence ahead of its British parliamentary ratification. The Indian companies planning to launch and expand their products in the UK cover next-generation electric motorbikes, semiconductors, agricultural innovation, artificial intelligence and education technology."These investments are a powerful endorsement of the UK's global standing and economic potential. Nearly 7,000 new jobs spread across every region of our country will mean more opportunities, m...

[ad_1] New Delhi: India’s trade dependence on the US has risen 0.6% in the last 12 months while Russia’s trade dependence on India rose 0.7%, UNCTAD said in its Global Trade Outlook Thursday.It also said that despite turbulence from shifting US trade policy, global trade dynamics have so far shown limited disruption, with developing economies maintaining strong commitment to trade as a foundation for growth. The multilateral body cautioned that uncertainty over the US policy remains a notable risk.“On a trailing four quarters basis, growth remains robust—around 5% for goods and 6% for services,” UNCTAD said.Driven primarily by developing economies, global trade expanded by about $500 billion in the first half of 2025 despite volatility, policy shifts and persistent geopolitical tensions, according to the “Barring major negative shocks in the final months of 2025, the value of global trade is projected to surpass its record levels of 2024,” UNCTAD said.As per the report, global i...

[ad_1] The Russian region of Tatarstan is eager to expand economic cooperation with India and could serve as a gateway for India to enter the local market, regional head Rustam Minnikhanov has said.Speaking ahead of TIME (Tatarstan-India Mutual Efficiency) Forum in the Kazan, Minnikhanov said Tatarstan is looking to increase exports of automobiles, helicopters, ships, and petrochemical products, identifying India as an important market.“We are interested in expanding cooperation with Indian partners in such areas as electronics, pharmaceuticals, light industry, IT, and high technology,” he said. “As for investment projects, we currently do not have major joint initiatives with Indian companies, but we are open to dialogue and invite Indian businesses to consider Tatarstan as a gateway to the Russian market.”Minnikhanov also said Kazan is one of Russia’s leading centers of science and education. “There are currently 1,167 Indian students studying at our universities,” he added. “...

[ad_1] China suddenly further tightened its grip on the one big power source that runs many critical areas of the modern economy, queering the pitch even more for other countries that were already deeply unsettled by Trump's relentless barrage of punitive tariffs.Beijing, on October 9, announced an expansion of its export curbs on rare earth metals and related technologies, citing concerns over national security and the military applications of advanced components. Under the newly issued rules, exporters will require official licencing to ship technologies and equipment used in rare earth mining, smelting, separation, magnet manufacture, recycling and even maintenance, repair or upgrades of rare earth production lines.The measures also restrict overseas cooperation. Chinese firms and foreign partners now must seek approval to engage in rare earth related projects abroad. Why China's new curbs matter for India more is because this time, China has demanded that India provi...

[ad_1] Afghan Foreign Minister Amir Khan Muttaqi on Friday said Kabul will send diplomats to India as part of step-by-step efforts to improve bilateral relations.Muttaqi made the significant announcement at a media briefing hours after holding extensive talks with External Affairs Minister S Jaishankar.He also assured New Delhi that Afghan soil will not be allowed to carry out any activities that could be detrimental to its interests.Muttaqi said Kabul will soon send its diplomats to India. Till now, the Afghan missions in India have officials who were largely appointed by the previous Ashraf Ghani government.India has not yet recognised the Taliban set up and has been pitching for the formation of a truly inclusive government in Kabul.Live EventsAdd as a Reliable and Trusted News Source [ad_2] Source link Follow Us: https://facebook.com/gagab2b https://youtube.com/gagab2b https://gagab2b.com https://gagab2b.com/import-export-news/import-export-india-news/afghanis...

[ad_1] TEXMiN, IIT(ISM) Dhanbad and the University of Cambridge, UK have signed an agreement this week to establish the Critical Minerals Supply Chain Satellite Observatory at IIT(ISM) Dhanbad. An official statement said the signing is part of ongoing bilateral cooperation between India and UK in the field of technology and critical minerals. The agreement marks the beginning of Phase II of the UK–India Critical Minerals Supply Chain Observatory, a global initiative led by the University of Cambridge’s Institute for Manufacturing (IfM) and supported by India’s Department of Science and Technology (DST), the statement added. TEXMiN, as the Technology Innovation and Translation Research Park of IIT(ISM) Dhanbad, supported by DST, will serve as the lead implementing body for hosting and developing the Satellite Observatory in India. According to Sukumar Mishra, Director, IIT(ISM) Dhanbad and Chairman, Hub Governing Board, TEXMiN, “The observatory will leverage advanced technologies...

[ad_1] The government on Friday made it mandatory for importers of certain products which are exclusively used for solar energy projects to register on the renewable energy equipment import monitoring system. These products include toughened (tempered) safety glass and photosensitive semiconductor devices, including photovoltaic cells. A similar condition will also apply for imports of certain items having end-use in the area of wind-operated electricity generation. It included towers, bearing housings, gears and gearing.The import policy conditions of these items will come into effect from November 1, the Directorate General of Foreign Trade said in a notification.Live Events It said this policy condition will apply to imports through air cargo, sea cargo and land route. In a separate notification, the DGFT said that import of Sulfadiazine API (Active Pharmaceutical Ingredient) having a CIF (cost, insurance, freight) value of less than Rs 1,774 per kg, is restricted till Septem...

[ad_1] India and the UK signed a strategic partnership at India Mobile Congress 2025 to jointly drive innovation in the digital connectivity space with an investment of 24 million pounds (about Rs 282 crore) in the next four years.The agreement was signed by the United Kingdom's Department of Science, Innovation and Technology, Deputy Director for Technology, Spectrum and Strategy division of Catherine Page and the Department of Telecom, Deputy Director General, Parag Agrawal, for setting up the India-UK Connectivity and Innovation Centre (CIC). "Our governments have made a strong commitment to the new centre. We have agreed jointly to invest 24 million pound over a period of four years to bring together the world leading innovators, researchers and telecom businesses large and small that operate in both of our countries," Page said.She said that the theme of IMC (India Mobile Congress) is "Innovate to Transform" and through the India-UK connectivity, bot...

[ad_1] New Delhi: The Cabinet is expected to discuss next week a proposal for an Export Promotion Mission (EPM), aimed at strengthening the country's export ecosystem through targeted financial and market support, according to officials.Structured around two key pillars--trade finance and market access, the mission aims to give exporters, especially in the MSMEs (micro, small and medium enterprises) and labour-intensive sectors, a sustained competitive edge in global markets.The trade finance pillar, called 'Niryat Protsahan', deals with interest subvention, factoring, e-commerce export cards and collateral support.'Niryat Disha', the second pillar for market access, includes support for export compliance, branding and packaging, logistics and warehousing, and trade intelligence. "The final note is likely to be circulated next week for the consideration of the Union Cabinet," said an official.EPM, announced in this year's budget, seeks to addres...

[ad_1] New Delhi: Indian steel exporters are pinning hopes on the India-European Union negotiations for a free trade agreement (FTA) to mitigate the adverse impact of steep tariffs set to kick in next year.The halved quota for duty-free imports and 50% tariff on imports beyond that proposed by the European Commission threaten to render Indian steel exports to the common market uncompetitive, analysts and industry representatives said."This (higher steel duties and lowered quota) should be the central point of the EU-India FTA talks," Pankaj Chadha, chairman of the Engineering Export Promotion Council, told ET. The EU steel duties are a bigger challenge than the US tariffs since Indian steel exporters have "a huge exposure to the European market", he said.This fiscal year, India exported 1.06 million tonnes of steel to the EU till August, accounting for roughly 47% of its total shipments of the alloy. Italy, Belgium and Spain are among the top five export dest...

[ad_1] India and Brazil have held discussions on ways to boost bilateral trade and investment in the backdrop of the Trump administration's increase in import tariffs.Officials of the two nations met here on Tuesday under the India-Brazil Trade Monitoring Mechanism (TMM) to discuss the fallout of the additional US tariffs.The TMM mechanism provides a platform for the two countries to discuss trade-related issues, identify areas of cooperation and address trade concerns.The meeting focused on expanding the preferential trade agreement between India and the South American trading bloc MERCOSUR, according to an official statement by the Brazilian government. The sides also explored ways to enhance collaboration in key sectors such as pharmaceuticals, chemicals, MSMEs (micro, small and medium enterprises) and finance.The talks, led by Indian commerce secretary Rajesh Agrawal and Brazilian secretary of foreign trade Tatiana Lacerda Prazeres, marked a significant step towards stre...

[ad_1] Prices of electric vehicles (EVs), wind turbines, and semiconductor parts are expected to rise following the fresh trade escalation between the United States and China, according to a report by the Global Trade Research Initiative (GTRI).The United States has announced an additional 100% tariff on Chinese goods, effective November 1, 2025, which will raise the overall tariff rate on Chinese imports to approximately 130%. The announcement, made by President Donald Trump on October 10, through a Truth Social post, marks the sharpest escalation in US-China trade tensions since the original tariff war began in 2018.GTRI stated "The impact will be felt quickly. Prices of EVs, wind turbines, and semiconductor parts are expected to rise, while the U.S. will try to "friend-shore" its mineral supply chains to Australia, Vietnam, and Canada. China, meanwhile, is likely to redirect supplies toward its non-Western partners to strengthen alternative industrial networks...

[ad_1] The renewed trade conflict between the United States and China is likely to benefit Indian exporters, as rising tariffs on Chinese goods make American buyers look for alternative suppliers. India exported goods worth USD 86 billion to the U.S. in 2024-25, and experts say sectors such as textiles, toys, and electronics could see accelerated growth. Federation of Indian Export Organisations (PTI) President S.C. Ralhan highlighted the potential for increased demand for Indian products in the American market. "We may gain from this escalation," PTI quoted him as saying.Analysts note that with Chinese goods becoming costlier due to the U.S.’s new tariffs, Indian exporters could gain market share in categories where price competitiveness is critical.Indian exporters see level playing fieldThe new tariffs would push up prices of Chinese goods in the American market, making them less competitive. "Now this 100 per cent additional tariff on Chinese goods will give u...

[ad_1] India's trade landscape marked a historic milestone as the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), signed on March 10, 2024, officially came into effect on October 1, 2025.According to a government release, this is India's first Free Trade Agreement with four developed European nations: Switzerland, Norway, Iceland, and Liechtenstein. It also promises to bring in USD 100 billion in investments and create one million direct jobs over the next fifteen years.Under the agreement, the EFTA nations have pledged to attract USD 50 billion in investments within the first ten years and an additional USD 50 billion over the next five years. These investments are expected to focus on sectors such as renewable energy, life sciences, digital transformation, and engineering. To facilitate these, a dedicated India-EFTA Desk has been set up as a single-window platform for investors.The TEPA provides balanced market access betwe...

[ad_1] Commerce and Industry Minister Piyush Goyal on Saturday held discussions with his Canadian counterpart Maninder Sidhu on ways to strengthen economic ties between the two countries. "We discussed ways to find mutually beneficial opportunities for our businesses to capitalise on the complementarities offered by our two economies. I emphasised that economic, trade and investment ties between India and Canada should be grounded in the principles of mutual respect, trust and balance," Goyal said in a post on X. The Canada's Minister of International Trade in a post said that he spoke with India's Minister of Commerce and Industry to advance discussions on deepening economic engagement and increasing connectivity between the countries. "Together, we're exploring new trade opportunities in clean technology, AI, agriculture, critical minerals, and other key sectors," he said.Replying to the post, Goyal said: "Held a productive discussion with ...

[ad_1] India and France have held detailed discussions on advancing the strategic partnership, including civil nuclear energy, and defence and security cooperation, with a special focus on small and modular reactors (SMRs), said people familiar with the matter. Building SMRs in India with support from France was the key focus at the second meeting of the India-France Special Task Force on Civil Nuclear Energy in New Delhi on Monday. The meeting was co-chaired by foreign secretary Vikram Misri and secretary-general of the French ministry for Europe and foreign affairs, Anne-Marie Descotes.Both sides undertook a comprehensive review of the progress made over the past year through various meetings and consultations. India and France reaffirmed the importance of engagement in emerging technologies like small and advanced modular reactors. Russia is the only other country involved in making SMRs in India. Descotes thanked the Indian side for Prime Minister Narendra Modi's invitat...

[ad_1] India is a very close partner of the US, but President Donald Trump has imposed additional tariffs on New Delhi for its purchases of Russian oil as part of actions taken against President Vladimir Putin for the Ukraine war, Secretary of State Marco Rubio has said.He made the remarks in an interview with Good Morning America while responding to a question that Trump has "repeatedly threatened" to take action against Putin but backed off those threats, and how much more time is Trump going to give the Russian leader, who has intensified his attacks on Ukraine."Well, I think he has taken action. So, for example, we've imposed additional tariffs on India -- and they're a very close partner of ours -- and we had meetings with them again yesterday, and it has to do with their purchase of Russian oil," Rubio said.When it was pointed out that Trump has not taken any direct action on Russia, Rubio referred to the bill by US Senator Lindsey Graham, which...

[ad_1] Union Commerce and Industry Minister Piyush Goyal has underscored India’s role as a hub for talent, innovation, and clean energy, even as recent US policy shifts raise concerns for Indian professionals. His remarks came at the US-India Strategic Partnership Forum on September 24, days after President Donald Trump’s administration revised H-1B visa norms and raised the fee to $100,000. Addressing industry leaders, Goyal said India’s contribution to global corporations extends far beyond low-cost labour.“We also provide a huge amount of talent and innovation, for which Indian engineers and graduates are famous. That provides us an opportunity to support corporations across the world, including in the US, with growth plans, research and new ideas,” news agency ANI quoted Goyal as saying. The minister pointed to India’s vibrant start-up ecosystem, where young firms are offering solutions that move beyond traditional sectors.According to him, this dynamism reflects a long-term...

[ad_1] The Directorate General of Foreign Trade (DGFT) on Wednesday updated India’s export rules to allow Second Generation (2G) ethanol to be exported. 2G ethanol is made from non-food materials like bagasse, wood waste, agricultural residues, grasses, algae, and other renewable resources. It is considered eco-friendly as it produces low CO2 emissions and does not compete with food crops for land.The export will be allowed only if companies have a valid Export Authorisation and feedstock certificate from the relevant authority. The policy applies to ethanol under ITC(HS) Code 22072000, which covers ethyl alcohol and other denatured spirits of any strength.The DGFT notification comes into immediate effect, adding an additional export condition for Second Generation ethanol under Schedule-II of the ITC (HS) 2022.Add as a Reliable and Trusted News Source [ad_2] Source link Follow Us: https://facebook.com/gagab2b https://youtube.com/gagab2b https://gagab2b.com https:...

[ad_1] India's Export-Import (EXIM) Bank is increasing credit support to exporters and helping them diversify into newer markets, particularly Africa, following punitive U.S. tariffs on imports from the South Asian nation, a top official said. State-owned EXIM Bank - which provides export financing and backs loans granted by commercial lenders to buyers of Indian goods - has eased risk limits on at least a fourth of its overseas banking partners, said Tarun Sharma, the deputy managing director at EXIM Bank of India. "Wherever there's a requirement, we are working to see how do we give enhanced limits to the exporters," Sharma said in an interview. The bank has partnerships with more than 100 overseas banks across 54 countries under its trade assistance program. EXIM Bank is also offering more shorter-tenure credit and credit against future receivables to address exporters' immediate working capital needs, Sharma said.The U.S., India's largest export par...

[ad_1] The commerce ministry's investigation arm DGTR has recommended the imposition of anti-dumping duty for five years on import of certain Chinese cranes, with an aim to guard domestic players from cheap inbound shipments. In its final findings, the Directorate General of Trade Remedies (DGTR) has concluded that the product has been exported to India at a price below the normal value, resulting in dumping. "Definitive anti-dumping duties...is recommended to be imposed...for a period of five years," the DGTR has said in a notification. Considering the nature of the product, the authority considers that it would be appropriate to recommend an anti-dumping duty as a percentage of the CIF (cost, insurance, freight) value of the import price of the item.The cranes are used for loading/ unloading, shifting of material, at project sites like infrastructure projects, roads and bridges, refineries, and cement plants.Live Events While the DGTR recommends the duty, the fin...

[ad_1] India-US talks are happening at different levels covering both trade and non-trade issues, an official said. Commerce and Industry Minister Piyush Goyal is in the US for trade talks. He is accompanied by senior officials of the ministry, including special secretary and India's chief negotiator Rajesh Agrawal. "Talks are happening at different levels," the official said, adding the minister led team is expected to return from the US later this week. Goyal has held discussions with his US counterpart.This visit comes in the backdrop of recently concluded day-long discussions in New Delhi between US Chief Negotiator Brendan Lynch and Agrawal on the proposed bilateral trade agreement.Live Events On September 16, the commerce ministry stated that the day-long discussions with the visiting US team on a bilateral trade deal were positive, and both sides agreed to push for an early and mutually beneficial conclusion of the agreement. The visit of the high-ranking US...

[ad_1] Overall smartphone exports from India increased 39% year-on-year to $1.53 billion August 2025, while exports to the US specifically doubled to $965 million from $388 million in August 2024, said industry body India Cellular Electronics Association (ICEA) which represents Apple India. ICEA was responding with to claims from a report by trade research firm GTRI on Monday, declining US exports of iPhones falling month-on-month from India as an indication of slowing smartphone exports from India despite no tariff impact.The industry body countered claims of slowing exports stating that historically mobile phone exports slow down in August and first half September, citing data from the past five years.The period coincides with new model introduction from companies such as Apple. Global customers who are awaiting launch of new models, sharply reduce their purchase of smartphones during August. This leads to drop in exports, ICEA said.August and early September also sees large-s...

[ad_1] The government on Wednesday imposed restrictions on imports of silver and certain precious metal jewellery till March 31, 2026, due to a surge in imports from Thailand and some other Asean countries."The import policy...has been amended from 'free' to 'restricted' with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a notification.Goods under the restriction category need a licence from the government.The restricted products include articles of jewellery of precious metal, silver, and unstudded and other jewellery, which were free earlier.Asean, or the Association of Southeast Asian Nations, comprises 10 countries - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.Live EventsOfficials said Thailand isn't a silver producing country and a surge in imports is a case of circumvention of duty under the Asean-India Trade in Goods Agreement (AITIGA). "There was a s...