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Bilateral trade

India and UK to resume FTA talks this month with new British government

India and UK to resume FTA talks this month with new British government

Sun, Jul 07, 2024

Senior officials from India and the UK will hold the next round of free trade agreement (FTA) talks this month to address unresolved issues and finalize negotiations.

India in trade deficit with nine of top 10 trading partners in 2023-24

India in trade deficit with nine of top 10 trading partners in 2023-24

Sun, May 26, 2024

The trade deficit with China rose to $85 billion, Russia to $57.2 billion, Korea to $14.71 billion and Hong Kong to $12.2 billion in 2023-24 against $83.2 billion, $43 billion, $14.57 billion and $8.38 billion, respectively, in 2022-23.China has emerged as India's largest trading partner with $ 118.4 billion of two-way commerce in 2023-24, edging past the US.

India-Singapore bilateral trade grew 18.2% to $35.6 billion in FY 2022-23

India-Singapore bilateral trade grew 18.2% to $35.6 billion in FY 2022-23

Sat, Apr 06, 2024

Trade between Singapore and India saw a growth of 18.2 per cent in the year and rose to USD 35.6 billion in 2022-23, Prabakar said.

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UAE-India CEPA Council Outlines Ambitious Plans to Double Bilateral Trade to $100 Billion by 2030

UAE-India CEPA Council Outlines Ambitious Plans to Double Bilateral Trade to $100 Billion by 2030

Thu, Feb 29, 2024

Ahmed Aljneibi, Director of the UAE-India Comprehensive Economic Partnership Agreement (CEPA) Council, addressed the press in Chennai, Tamil Nadu, discussing initiatives and strategies aimed at intensifying economic ties between the UAE and India. With a notable 16% increase in non-oil bilateral trade to over $50 billion in 2022 following the CEPA signing, Aljneibi envisions reaching a remarkable $100 billion trade target by 2030. The CEPA council prioritizes informing the business community, particularly in Chennai, about the agreement's benefits and fostering increased economic collaboration.

India, Kuwait bilateral trade touches all-time high of USD 12.5 billion: Indian envoy

India, Kuwait bilateral trade touches all-time high of USD 12.5 billion: Indian envoy

Thu, Aug 24, 2023

The Indian envoy noted that medical and health tourism offers tremendous potential for further growth and that India is exploring whether Indian private hospitals can set up their chains in Kuwait.

India, Australia agree for early conclusion of talks to expand trade pact; eye US $100-billion trade

India, Australia agree for early conclusion of talks to expand trade pact; eye US $100-billion trade

Sat, Mar 11, 2023

On December 29, last year India and Australia implemented an economic cooperation and trade agreement (ECTA) and are now negotiating to expand its scope for a comprehensive economic cooperation agreement (CECA).

India-UK Free Trade Agreement: Sixth round of talks to begin from Monday - what to expect from discussions?

India-UK Free Trade Agreement: Sixth round of talks to begin from Monday - what to expect from discussions?

Sun, Dec 11, 2022

In a free trade agreement, two countries either significantly reduce or eliminate customs duties on the maximum number of goods traded between them. The UK side is demanding duty concessions in the automobile sector.

PM Modi writes to UAE Prez Sheikh Mohamed to further cement bilateral strategic ties

PM Modi writes to UAE Prez Sheikh Mohamed to further cement bilateral strategic ties

Sat, Sep 03, 2022

The UAE is the third-largest export destination of India (after the US and China) with an amount of nearly USD 16 billion for the year 2020-21.

Huge business opportunities exist to boost trade, investment, Austrian Minister Alexander Schallenberg says

Huge business opportunities exist to boost trade, investment, Austrian Minister Alexander Schallenberg says

Mon, Mar 21, 2022

Huge business opportunities exist for India and Austria to enhance bilateral trade and investments, Austrian Minister for European and International Affairs Alexander Schallenberg said on Monday.

India, Chile start talks for further expansion of trade agreement

India, Chile start talks for further expansion of trade agreement

Mon, Feb 10, 2020

India and South American nation Chile have started negotiations for further expansion of a trade agreement with a view to boost two-way commerce and economic ties, an official said

India, China agree to draw roadmap to address trade deficit: Com Min

India, China agree to draw roadmap to address trade deficit: Com Min

Tue, Mar 27, 2018

India and China have agreed to draw a roadmap with clear timelines to boost bilateral trade in a sustainable manner, the commerce ministry said today. Trade and other related issues were discussed during the meeting of China-India joint-group on economic relations, trade, science and technology h

From bilateral trade to student visas; 7 key things PM Modi told Theresa May

From bilateral trade to student visas; 7 key things PM Modi told Theresa May

Mon, Nov 07, 2016

In her first ever trade mission and bilateral trip, UK Prime Minister, Theresa May met with Indian Prime Minister, Narendra Modi on Monday at Hyderabad House in Delhi. Here are key takeaways from what PM Modi told Theresa May.

Full text: Here’s PM Modi’s speech during a joint conference with Singapore's PM

Full text: Here’s PM Modi’s speech during a joint conference with Singapore's PM

Tue, Oct 04, 2016

Asserting that "rising tide of terrorism, especially cross-border terrorism, and the rise of radicalisation are grave challenges to our security", Modi said, "they threaten the very fabric of our societies.

India, US eye bilateral trade worth $500 billion: Report

India, US eye bilateral trade worth $500 billion: Report

Sun, Aug 28, 2016

Positioned as a major investment destination to the world, India is targeting to increase its bilateral trade with the US to $ 500 billion from current levels of over $ 100 billion, in the near term.

In Charts: India's Free Trade Agreements and bilateral trade

In Charts: India's Free Trade Agreements and bilateral trade

Thu, Aug 11, 2016

"A Joint Study Group (JSG) has been set up for considering the feasibility of entering into an FTA between India and Eurasian Economic Union (EaEU) comprising of 5 countries namely Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan," she said, adding, "The first meeting of the JSG with EaEU was held on 31stJuly, 2015."

India's bilateral trade with Israel, Austria, Eurasia, Gulf on the decline

India's bilateral trade with Israel, Austria, Eurasia, Gulf on the decline

Thu, Aug 11, 2016

The Eurasian countries include Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan, and the Gulf countries include Kuwait, UAE, Saudi Arabia, Oman, Baharain and Qatar.

Cabinet approves agreement between India, Croatia on Economic Cooperation

Cabinet approves agreement between India, Croatia on Economic Cooperation

Wed, Aug 10, 2016

The average bilateral trade growth was 17.44% during the last three years between the two countries.

UK launches bilateral trade talks for post-Brexit deal with India

UK launches bilateral trade talks for post-Brexit deal with India

Fri, Jul 08, 2016

Britain said it would start preliminary talks with India on Friday about an eventual bilateral trade deal after last month`s referendum vote to leave the European Union, which has forced London to rethink its trade ties with the rest of the world.

Trade between India-Pakistan increases under PM Modi

Trade between India-Pakistan increases under PM Modi

Mon, May 09, 2016

Nirmala Sitharaman said that this flow of FDI can strengthen bilateral relations and contribute to overall economic development of both countries.

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