GAGA B2B - CONNECTING IMPORTERS AND EXPORTERS

[ad_1] Cotton textile product exports from India headed southwards since the US announced tariffs in August 2025. Shipments dropped nearly 30% after the levy reached 50% later that month. 1. Average monthly decline after tariffsMonthly exports averaged $517 million in the first seven months of 2025, but dropped to $394 million once tariff began in August, according to the latest Ministry of Commerce and Industry data accessed by ET. 2. Overall US market for cotton textile productsThe US buys nearly one-third of India's textile exports, with cotton-based products accounting for 85-90% shipments, according to K Srikumar, senior vice president, ICRA.Cotton textile exports decline through 2025Live Events3.Overall cotton textile product export between (Jan 2025 - Nov 2025)MONTHVALUE ($ Million)JANUARY531FEBRUARY507MARCH575APRIL497MAY523JUNE483JULY506AUGUST485SEPTEMBER334OCTOBER360NOVEMBER3954. The 2025 data show the decline across all product categories:i) Cotton fabrics and made...

[ad_1] India’s Republic Day parade will have more than ceremonial shine this year, as the spotlight shifts from pageantry to policy, setting the stage for what is being touted as the “mother of all trade deals” between India and the European Union (EU) after nearly two decades of negotiations.India and the 27-nation European bloc will announce the conclusion of negotiations for the much-anticipated free trade agreement (FTA) at a landmark Summit in the capital on January 27 as New Delhi prepares to host the EU’s top leadership for 77th Republic Day celebrations. Both sides are also set to sign a security and defence partnership agreement to add momentum to the strong political ties, people in the know told ET Bureau.ALSO READ: Mother of all trade deals is loading: What it means for IndiaUnderscoring the deepening engagement, a small military contingent from the European Union will participate in the Republic Day parade on January 26, marking the first time an EU force will take ...

[ad_1] The European Union and India are moving closer to concluding a long-pending free trade agreement, with negotiations entering what EU leaders describe as a decisive phase, even as a few procedural steps remain.European Commission President Ursula von der Leyen said at the World Economic Forum in Davos on Tuesday that talks with India were nearing a breakthrough. “There is still work to do. But we are on the cusp of a historic trade agreement. Some call it the mother of all deals. One that would create a market of 2 billion people, accounting for almost a quarter of global GDP,” she said, outlining the EU’s push to diversify and deepen its global trade partnerships.Also Read: A trade deal India pursued for 18 years is now within reach but risks remainLinking trade momentum with diplomatic engagement, von der Leyen said she would travel to India next weekend after the Davos meeting. The visit, she noted, is aimed at advancing the proposed agreement and strengthening broader ...

[ad_1] New Delhi: India needs to simplify its customs duty structure by cutting the actual number of duty slabs, instead of only tweaking the basic customs duty (BCD) rates, to promote ease of doing business, think tank GTRI said on Tuesday.In its pre-Budget suggestions, the Global Trade Research Initiative (GTRI) said that while the last Budget reduced the number of ad valorem BCD rates to eight, this reform excluded the large number of specific duties, mixed duties, and conditional rates, which continue to create hundreds of effective tariff slabs in practice.Also read: A seat at Trump’s Gaza peace table could test India’s 'reputation and credibility': GTRIFurther, part of the BCD was shifted to the Agriculture Infrastructure and Development Cess (AIDC) to show a lower slab count on paper while keeping the total import duty unchanged, undermining the stated reform objective, the think tank said.Since importers also pay AIDC, Social Welfare Surcharge, and health cesses,...

[ad_1] India and the European Union are closing in on a long-pending free trade agreement as negotiations enter a decisive phase. Speaking at the World Economic Forum in Davos, EU Commission President Ursula von der Leyen called it the “mother of all deals,” ahead of high-level visits, Republic Day participation and the India-EU Summit. Show more Show less [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/india-eu-free-trade-agreement-mother-of-all-trade-deals-with-india-coming-soon-eus-ursula-von-der-leyen-at-wef-the-economic-times-video/?feed_id=4018&_unique_id=69798cd46979c

[ad_1] Davos: The European Union is close to finalising a free trade agreement (FTA) with India, although some steps are still pending to complete the deal, European Commission President Ursula von der Leyen said on Tuesday."There is still work to do. But we are on the cusp of a historic trade agreement. Some call it the 'mother of all deals', one that would create a market of two billion people, accounting for almost a quarter of global GDP," she said, addressing a gathering at the World Economic Forum (WEF) here.Diversifying trade tiesThe EU chief was elaborating on the 27-nation European bloc's efforts to broaden and diversify its trade partnerships. She will travel to India next weekend after the conclusion of the WEF to advance the ongoing efforts to conclude the FTA.There is important work to be done to strengthen economic ties and deepen cooperation between Europe and India, von der Leyen said.Live EventsTerming the agreement with India as part of Eu...

[ad_1] To attain its ambitious goal of textile and apparel exports worth $100 billion by 2030 from about $40 billion at present, India aims to double textile shipments to FTA partners, focus on traditional and high-value segments such as Geographical Indication products, carpets, handlooms and silk items, as well as develop non-exporting districts into exporting ones, officials said.The ministry of textiles is preparing a roadmap to grow the nation's share of these exports to around 12% from the current 5.8% to its free trade agreement (FTA) partners, besides enhanced targeted branding of high-value products, they added.The ministry is also working on a diversification-driven strategy by doubling India's share in the imports of top 40 countries to 10% at $55-60 billion from 4.8%, or $28.3 billion, at present. Traditional markets like the United States, European Union, and United Kingdom together account for about 55% of India's exports, while emerging destinations su...

[ad_1] Mumbai: India's fertiliser imports for the current ‍fiscal year are expected to surge ​76% from a year earlier to a record $18 billion, government ⁠and industry officials said on Wednesday as consumption jumped after heavy rains prompted farmers to expand their crop areas."There has been a sharp rise in urea and DAP (Diammonium Phosphate) imports this year, ‌which is pushing ‌up the overall fertiliser import bill," said a government official, who declined to be named because they were ‌not authorised to speak publicly.In the first nine months of the fiscal year that ends in March, India's fertiliser imports surged 71% from a year earlier to $13.98 billion.In the March quarter, a large volume of urea and other fertiliser shipments is expected to land, ​which will cost at least another $4 billion, the official ​said.India spent $10.23 billion on fertiliser imports in the last fiscal year after ‌hitting an ‍all-time high of $17.21 billion in 2022-2023 when ...

[ad_1] NEW DELHI: A ⁠India-EU trade deal is likely to be concluded in the next few days, Spain's Foreign Minister Jose ‌Manuel ‌Albares said during a visit to New Delhi ‌on Wednesday."Everything is going forward perfectly. We do not expect any obstacle," Albares said after bilateral meetings with India's foreign minister Subrahmanyam Jaishankar and president Droupadi Murmu in Delhi.Consolidating the deal was an important ‌signal ‍of the EU's commitment to free ‍trade and economic security, Albares added."We need ‌to make clear to the whole world that we believe in free trade and have the instruments of dissuasion to protect ourselves from any economic coercion," Albares said.European Commission ‍president Ursula von der Leyen is expected to arrive in India ‍early next ⁠week to ⁠finalise talks over the historic trade agreement which would create a massive market of 2 billion consumers, surpassing the EU-Mercosur deal signed on Monday as the world...

[ad_1] US President Donald Trump on Wednesday expressed confidence over the India-US Bilateral Trade Agreement (BTA), noting that the two countries are "going to have a good deal", while praising Prime Minister Narendra Modi as a close friend and respected leader.Trump made this comment while speaking to Moneycontrol, following his address at the 56th Annual Summit of the World Economic Forum."I have great respect for your Prime Minister. He's a fantastic man and a friend of mine, and we are going to have a good deal," Trump said when asked about the India-US trade deal by Moneycontrol.Earlier, India's Commerce Secretary Rajesh Agrawal asserted that the much-anticipated first tranche of the India-US BTA is "very near", but stopped short of providing a timeline.The BTA, formally proposed in February following directives from the leadership of both nations, seeks to more than double bilateral trade, from the current USD 191 billion to USD 500 ...

[ad_1] Davos: Swiss corporate interest in India has accelerated sharply following the signing of the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA), with investment enquiries and advisory support requests more than doubling, Anja Fiedler, CEO designate, Switzerland Global Enterprise said."TEPA is a strategic agreement, not a short-term trade boost," she said, adding that it gives companies predictability and confidence to commit capital for the long run. The TEPA came into force October 1. EFTA members are Iceland, Liechtenstein, Norway, and Switzerland.From the Swiss side, priority sectors in India include biotechnology, life sciences, precision engineering, clean technology, advanced manufacturing, mobility, and infrastructure which have a large export potential. Fiedler noted that since the TEPA was signed, the number of Swiss companies seeking structured market-entry support has more than doubled, reflec...

[ad_1] The government on Wednesday launched Rs 4,531 crore market access support for exporters under which financial support will be provided to participate in activities such as international fairs and exhibitions. It will help exporters at some time when they are facing a steep 50 per cent tariff by the US. The measure is a part of the Rs 25,060-crore export promotion mission. Under the Market Access Support, Rs 4,531 crore will be allocated over six years (2025-31) and Rs 500 crore has been earmarked for 2025-26.Director General of Foreign Trade Ajay Bhadoo said under the measure structured financial and institutional support will be provided for activities including Buyer-Seller Meets (BSMs), participation in international trade fairs and exhibitions, Mega Reverse Buyer-Seller Meets (RBSMs) organised in India.Live Events A forward-looking three-to-five-year calendar of major market access events will be prepared and approved in advance, enabling exporters and organising agen...

[ad_1] New Delhi: India and Israeli teams are expected to meet next month on the proposed Free Trade Agreement (FTA), an official said on Wednesday.In November, the two countries inked terms of reference to formally start negotiations for the agreement, which aimed at boosting bilateral trade and investments. The official said that issues related to structuring of Israel-India FTA are expected to be chalked out in the January meeting. Trade representatives from Israel are expected to arrive for talks, the official added.During 2024-25, India's exports to Israel dipped 52 per cent to USD 2.14 billion from USD 4.52 billion in 2023-24. Imports, too, fell 26.2 per cent to USD 1.48 billion last fiscal year. The bilateral trade stood at USD 3.62 billion.Live Events India is Israel's second-largest trading partner in Asia. Though bilateral merchandise trade is dominated mainly by diamonds, petroleum products, and chemicals, recent years have witnessed an increase in trade in ar...

[ad_1] New Delhi: India on Wednesday launched the Market Access Support (MAS) intervention with an outlay of Rs 4,531 crore for six years aimed at easing trade finance constraints, expanding global reach and supporting micro, small and medium enterprises (MSME), amid the country facing steep 50% tariffs by the US.The country is also working on creating an index to evaluate exporters performance based on their Importer Exporter Codes (IECs), tracking performance over a five-year period as the government sharpens its focus on data-driven export promotion and market diversification.The MAS, which is part of the Rs 25,060 crore six-year export promotion mission (EPM), will be focussed on MSMEs, first-time exporters and firms from priority sectors and would provide financial support to participate in activities such as international fairs and exhibitions. It aims to improve buyer connect and enhance India’s presence in global markets through structured and outcome-oriented market acc...

[ad_1] India on Wednesday imposed a provisional anti-dumping duty of $60.87-$130.66 per tonne on low ash metallurgical coke imports for six months, Reuters reported, citing a government order.The duty ‍will be imposed for ‌six months on imports from Australia, China, ‍Colombia, Indonesia, Japan and ‍Russia, ⁠the ⁠order said.Also read: India imposes tariff on some steel products for three years to curb cheap importsImport barriers on metallurgical coke raising steelmaking costsAs the country is ramping up steel production, capacity expansion, export competitiveness and downstream manufacturing are all central to that ambition. But a recent GTRI report flagged a policy contradiction that is making steel costlier to produce just as demand is rising.Low ash metallurgical coke, a critical input that accounts for roughly 35–40% of steel production costs, is the heart of the issue. Amid the government's moves to protect domestic steelmakers from cheap finished steel imports through...

[ad_1] New Delhi: Israeli trade negotiators are expected to visit India in January for a pre-round of trade agreement (FTA) negotiations, an official said, adding that Indian negotiators could visit Russia after Budget 2026, for the second round of negotiations for the Russia-led Eurasian Economic Union (EAEU)."Framework and gateway issues would be discussed in the pre-negotiations with Israel," said an official.The Terms of Reference for an FTA between India and Israel were signed in November. The bilateral trade was $3.62 billion in FY25. [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/israeli-trade-negotiators-to-visit-india-in-january-for-fta-talks/?feed_id=3947&_unique_id=6969b7c4606df

[ad_1] New Delhi: India has imposed a safeguard duty on certain steel products for three years to protect domestic players from significant increase in cheap imports. A 12 % duty will be imposed in the first year (21st April, 2025 to 20th April, 2026), according to a finance ministry notification. The rate will be reduced to 11.5% in the second year (21st April, 2026 to 20th April, 2027); and further to 11 % in the third year (21st April, 2027 to 20th April, 2028). The duty was imposed following a recommendation of the Directorate General of Trade Remedies (DGTR).Earlier in April 2025, the government had imposed a 12% provisional safeguard duty for 200 days on these steel products.Live Events Last year in December, the DGTR started the investigation the sudden surge in imports of 'Non-Alloy and Alloy Steel Flat Products', used in various industries, including fabrication, pipe making, construction, capital goods, auto, tractors, bicycles, and electrical panels. The inves...

[ad_1] New Delhi: India's goods and services exports could reach $840-850 billion in FY26 and rise to about $950 billion in 2026-27, driven by free trade agreements particularly with West Asian countries and strength in services and technology-led sectors such as electronics, exporters said. Rising tariff barriers and climate-linked trade restrictions, however, are expected to pose significant challenges to sustaining export growth, they added."The worst for Indian exports is over and we expect tech-driven sectors to do well. Exports in 2025-26 could be in the range of $840-850 billion while FY27 could see $950 billion of total exports," said Ajay Sahai, director general, Federation of Indian Export Organisations (FIEO).Exporters said that the Red Sea crisis is mostly resolved and the industry has factored in the steep 50% tariffs imposed by the US. It is successfully diversifying its products and markets, supported by supported by the Centre's Export Promotion...

[ad_1] New Delhi: The upcoming budget may give a fillip to cross-border ecommerce, especially by micro, small and medium enterprises (MSMEs).Officials said the government is contemplating relaxing rules for return of goods as well as enhancing the value limit for ecommerce exports through couriers from the current ₹10 lakh per consignment, to align with the central bank's ₹25 lakh cap for cross-border payment aggregators."Some relaxations and policy changes are being discussed... The focus could be on MSME-driven cross-border ecommerce," said an official.Easing regulations is key, as India is developing dedicated ecommerce export hubs for facilitating such trade. The aim is to support SMEs, artisans and small businesses. Clarity in Reverse Logistics This is by reducing the cost and time associated with logistics, streamlining regulatory processes and simplifying re-imports for ecommerce returns or rejects. These dedicated ecommerce export hubs will have warehousing...

[ad_1] Kolkata, The India-UK Comprehensive Economic and Trade Agreement (CETA) is expected to be implemented in the first half of 2026, marking a new era in partnership between the two nations, British Deputy High Commissioner Andrew Fleming said.Speaking to PTI, he described the pact as the most "comprehensive and ambitious" deal negotiated by both governments.He noted that the agreement, which spans approximately 20,000 pages, is designed to offer opportunities for businesses of all sizes, particularly for exporters in West Bengal and the 12 states across East and Northeast India."This free trade agreement is the most comprehensive and ambitious agreement that my government has negotiated. I think the same probably would apply for the Indian government too," Fleming said, urging regional businesses to begin preparations immediately to harness the upcoming benefits.India inked the Comprehensive Economic and Trade Agreement (CETA) with the UK on July 24. It i...

[ad_1] New Delhi, The Central Information Commission has upheld the denial of exporter-wise details of limestone sold to Bangladesh from Meghalaya, noting that the data attracts exemption under the commercial confidence clause.It said such information could potentially harm the competitive position of the exporters concerned.The transparency panel also noted that there was no larger public interest involved, which could override Section 8(1)(d) of the RTI Act, which exempts disclosure of information that could harm the competitive position of third parties.RTI applicant W Mathew Mawdkhap had sought "the name and address of the exporters who exported limestone to Bangladesh through Bholaganj Land Customs Station, E Khasi Hills, during the financial year 2023-24" from the office of the Deputy Commissioner, Shillong Customs Division, which was denied, citing Section 8(1)(d) of the RTI Act.His first appeal was also dismissed, following which he approached the Central Infor...

[ad_1] New Delhi: The government on Friday announced a Rs 7,295-crore export support package, comprising a Rs 5,181-crore interest subvention scheme along with a Rs 2,114-crore collateral support, to improve exporters' access to credit. Both measures will be rolled out over a period of six years (2025-31). Additional Secretary in the Commerce Ministry Ajay Bhadoo said that these interventions will address the trade finance issues of exporters. Under the interest subvention scheme, exporters will get a subsidy on pre- and post-shipment export credit.This is the second component of the Rs 25,060-crore export promotion mission (EPM) approved in November 2025.Live Events The first component- market access support with an outlay of Rs 4,531 crore was rolled out on December 31, 2025. The subvention scheme will help exporters from identified sectors to avail of rupee export credit at competitive rates at a time when global trade is facing headwinds. Under the scheme, the government...

[ad_1] New Delhi: India on Friday announced a ₹7,295 crore export support package, comprising a ₹5,181 crore interest subvention scheme and ₹2,114 crore collateral support, to improve exporters' access to credit.Both measures will be rolled out over a period of six years from 2025-2031. This is the second component of the Export Promotion Mission to be launched after the first component, ₹4,531 crore market access support, was rolled out last week."We aim to make make trade finance faster and cheaper. These interventions will address the trade finance issues of exporters," said Ajay Bhadoo, additional secretary, commerce and industry ministry. Under the interest subvention scheme, exporters will get a subsidy on pre- and post-shipment export credit and help exporters from identified sectors to avail of rupee export credit at competitive rates at a time when global trade is facing headwinds.Live EventsThe interest subvention will be applicable only to exports covere...

[ad_1] India is reportedly pressing Russia to ease trade barriers on Indian electronics, engineering goods, food products and fisheries in an effort to encourage Moscow to utilise $50-55 billion worth of roubles accumulated in bank accounts due to the oil-driven trade imbalance.According to The Times of India, Indian exporters are facing multiple hurdles in accessing the Russian market. In the electronics sector, software-related requirements imposed by Russian authorities have emerged as a key obstacle, while stringent standards are delaying shipments of engineering goods. Local language compliance requirements are also proving to be a challenge for some product categories.“Our goods have to contend with some Russian standards and some Eurasian standards, which makes it tough to export,” TOI quoted a person familiar with the discussions as saying.The matter has been taken up at the highest levels of government, the report said, as India continues to run a large trade deficit wi...

[ad_1] The ongoing crisis in Venezuela is unlikely to have any material economic or energy impact for India, asserted India-based think tank Global Trade Research Initiative (GTRI).The GTRI, in a note, asserted that India was a major buyer of Venezuelan crude in the 2000s and 2010s. Indian firms such as ONGC Videsh held upstream stakes in the Orinoco belt. Bilateral engagement has weakened sharply since 2019 due to US sanctions, which forced India to cut oil imports and scale back commercial activity to avoid secondary sanctions. As a result, India's trade with Venezuela is now small and declining, GTRI noted on Sunday, a day after US forces carried out a large military operation in Venezuela, capturing President Nicolas Maduro and his wife and taking them to the US to face charges including alleged narco-terrorism and drug trafficking.ALSO READ: US attack on Venezuela unlikely to hit Indian refiners hard In 2024-25, India's total imports from Venezuela were just USD 364...

[ad_1] New Delhi: The commerce ministry on Sunday said India's traditional medicine system - AYUSH - has received formal recognition in bilateral trade agreements with Oman and New Zealand.Both the agreements, which were finalised last year in December, have dedicated annexures on health-related services and traditional medicine. "India's traditional medicine systems (AYUSH) have also received formal recognition in bilateral trade agreements, including the India-Oman CEPA and the India- New Zealand FTA," it said.Exports of AYUSH and herbal products have registered a growth of 6.11 per cent, increasing from USD 649.2 million in 2023-24 to USD 688.89 million in 2024-25. [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/ayush-gets-recognition-in-indias-free-trade-pacts-with-oman-new-zealand/?feed_id=3891&_unique_id=695c86a8d9e1...

[ad_1] The United States could raise tariffs on Indian goods if New Delhi does not help on concerns related to Russian oil, American President Donald Trump told reporters aboard Air Force One."... They wanted to make me happy, basically... PM Modi's a very good man. He's a good guy. He knew I was not happy. It was important to make me happy. They do trade, and we can raise tariffs on them very quickly," claimed the US president. The United States, which was already looking to narrow its trade deficit with India, doubled import tariffs on ‌Indian goods to 50% last year as punishment for its heavy purchasing of Russian oil. The two countries are currently negotiating a potential trade deal, though those talks have been fraught at times.ALSO READ: India asks refiners for weekly Russian oil import data as it seeks US trade deal, sources sayIndia became the biggest buyer of discounted Russian seaborne crude following the 2022 outbreak of the Ukraine war. But those p...

[ad_1] Washington DC [US]: The United States regards India as a crucial potential partner in efforts to secure global supply chains for artificial intelligence and semiconductors, a senior American official has said, whilst dismissing suggestions that political tensions prevented India's participation in a recent Washington summit.Jacob Helberg, the US Under Secretary of State for Economic Affairs, announced he would attend the India AI Impact Summit in February as Washington seeks to deepen collaboration with New Delhi on what he termed "economic security matters".Speaking to reporters virtually on the Pax Silica Summit in Washington on Wednesday, Helberg addressed questions about India's absence from the gathering, which brought together technologically advanced economies to coordinate strategy on AI infrastructure and semiconductor supply chains."I want to be clear that the conversations between the United States and India pertaining to trade arrangemen...

[ad_1] Prime Minister Narendra Modi on Thursday said the Comprehensive Economic Partnership Agreement (CEPA) between I‘Mini India in Muscat’: PM Modi addresses community, highlights growth and ties with OmanPrime Minister Narendra Modi addressed the Indian community in Muscat during his state visit to Oman, calling the diaspora a living bridge between India and Oman. In a warm and wide-ranging speech, PM Modi highlighted India’s cultural diversity, rapid economic growth, achievements in education, digital infrastructure, space and innovation, and the deep civilisational ties between India and Oman.ndia and Oman would shape bilateral ties for decades, calling it a “blueprint of our shared future”.Addressing the India-Oman Business Summit in Muscat, the PM hailed the relationship shared by the two nations and also invited startups to grow together by investing and innovating in India.“Today, we are making a historic decision whose echo will be heard for decades to come. The Compre...