bilateral ftas

The India-New Zealand FTA highlights that the provisions on student mobility, professional pathways, working holiday visa creates an unprecedented opportunity for Indian youth and professionals to gain global exposure.

India and New Zealand have signed a 'once-in-a-generation' trade pact, granting Indian exporters duty-free access to New Zealand. The agreement aims to double bilateral trade to $5 billion in five years and includes a $20 billion investment commitment from New Zealand. Both nations are optimistic about the pact's potential to boost economic growth and cooperation across various sectors.

The commerce ministry on Wednesday said it had got the green light to continue with negotiations for FTAs despite concerns being expressed over their adverse impacts.

With talks at the World Trade Organization (WTO) moving slowly, the government has decided to pursue its strategy of entering into bilateral trade agreements with select countries to boost exports, while gradually opening up Indian markets.

New Delhi, Aug 9 () India is likely to sign a treaty with the US for speedier action to boost investment agreements, Parliament was informed today.

India is actively pursuing free trade agreements (FTAs) with several countries, including the UK and the EU, according to a government official. Despite rumors of delays, negotiations are progressing as planned. High-level meetings are scheduled to review progress and discuss the FTA strategy, expected to be finalized by year-end.

The timing of the India UK FTA can’t be better when India is also expecting to close the bilateral trade discussions with the US government. Signing of a series of new FTAs underline the success of India’s foreign policy and trade policy working together.

From 2003-04 to 2007-08, India continuously had annual export growth of above 20 per cent with 29 and 31 per cent growth in two years.

Commerce Minister Piyush Goyal hailed the newly signed India-UK FTA as a "game-changing" agreement, offering significant opportunities for Indian farmers, businesses, and youth. The comprehensive FTA, awaiting UK Parliamentary approval, aims to eliminate duties on 99% of Indian exports to the UK.

In recent months, for instance, organizations of farmers, fish-workers, groups working on patent issues and trade and development NGOs have been protesting against the proposed FTA between the European Union and India.

NEW DELHI: India will amend the Patents Act to introduce product patents for pharmaceuticals, chemicals and food to by January 1, 2005.

Planning Commission deputy chairman Montek Singh Ahluwalia’s support for greater trade openness came under attack from finance minister P Chidambaram.

India strategically utilizes Free Trade Agreements (FTAs) to enhance exports, attract investments, and strengthen economic ties. The recent Comprehensive Economic and Trade Agreement (CETA) with the UK, a significant milestone, aims to double bilateral trade by 2030. This agreement provides duty-free access for key Indian sectors while safeguarding sensitive domestic industries.

Commerce Minister Piyush Goyal announced that India's dairy sector will remain protected from duty concessions in Free Trade Agreements due to its sensitivity involving small farmers. Recent agreements with Switzerland, Norway, and Australia exclude dairy concessions. Despite a dip in bilateral trade, India and Australia aim to double their trade volume to USD 100 billion.

There are strong reasons why India and the US should have strong trade ties. Each has comparative advantages and they have complementarities that explained the hope that the first trade deal under Trump 2.0 will be with India. But, things went haywire for reasons not related to trade: India’s refusal to engage Trump’s claims on Operation Sindoor and the pressure on him domestically to appear tough on Moscow resulting a 25% secondary tariff for India’s purchase of Russian crude.

The differences over GST (goods and services tax) Bill have been ironed out and the government is "hopeful" of passing it during the current Parliament session, Union minister of state for commerce and industry Nirmala Sitharaman said on Saturday.