India and the US are expected to sign the first phase of a bilateral trade agreement by mid-March, which will result in the US lowering import duties on Indian goods. India will then begin reducing import duties on certain US goods.
President Trump is celebrating the US-India trade deal as a landmark achievement, with a major focus on boosting American coal exports to India and other trade partners.
Citing the need for a more liberal regime for the banking and financial sector, RBI has opposed bilateral trade agreements. With no multilateral pacts with the WTO, the government had entered into free trade agreements, whose scope was later expanded to services, investment and even bilateral tax treaties. RBI has urged other countries such as UK, US and Europe to show reciprocity in granting branch licenses to Indian banks as they expect a similar treatment from India.
Donald Trump says several issues were settled during the final day of talks with Xi Jinping covering trade, tariffs, and diplomacy.
Chinese Foreign Minister Wang Yi met with National Security Advisor Ajit Doval in New Delhi, stressing the importance of respecting each other's "core interests" and implementing leaders' consensus for stable bilateral relations. Wang highlighted that India and China should view each other as partners, not rivals, and properly handle sensitive issues like the border dispute to foster cooperation and accelerate the modernisation of the Global South.
Claiming his recent visit to India was a "big success", Ilyas Ahmed Bilour, president of the Indo-Pak Chamber of Commerce, has said the two countries should work towards improving the bilateral trade.
Indian-American lawmakers are encouraging the diaspora to actively participate in US politics and run for public office at all levels. This call comes amidst increasing incidents of anti-India and anti-Hindu hate, with leaders emphasising that political representation is crucial to address community concerns and ensure their voices are heard.
Piyush Goyal on Friday rejected reports suggesting that India is planning to hold off trade deal with the United States for several months.
US and India will promptly implement this framework and work towards finalising the interim agreement with a view to concluding a mutually beneficial bilateral trade agreement.
US Ambassador to India Sergio Gor revealed that President Donald Trump views Prime Minister Narendra Modi as 'a friend' and is deeply committed to enhancing cooperation with New Delhi, highlighting their personal equation as a crucial factor in advancing bilateral ties.
'The contours of the trade deal need to be reworked now.'
US President Donald Trump is set to visit China for talks with President Xi Jinping on trade, global issues, and the Gulf war. The visit aims to address trade frictions and other key issues, with high expectations for progress.
US President Donald Trump received a red carpet welcome in Beijing for talks with Chinese President Xi Jinping on trade, the Iran war, and other key issues. The visit underscores the importance both nations place on their relationship amid ongoing tensions.
Iranian President Masoud Pezeshkian is on a state visit to Pakistan to discuss the full implementation of an agreement signed between Iran and the US, alongside regional and international developments. The visit also aims to strengthen bilateral cooperation across various sectors, following recent high-level talks between the US and Iran in Switzerland regarding regional security.
Both countries commit to provide each other preferential market access in sectors of respective interest on a sustained basis
In a major shift in Middle Eastern energy and security dynamics, the US Department of the Treasury on Monday issued a temporary 60-day general licence authorising transactions related to the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products.
Tensions in West Asia have dramatically escalated as Israel launched targeted military operations against Iran, triggering widespread blasts across strategic cities, following earlier Iranian projectile attacks on Israel.
Chinese President Xi Jinping warned US President Donald Trump that mishandling the Taiwan issue could trigger conflicts between the two countries during wide-ranging talks on trade, Iran, and energy security.
Prime Minister Narendra Modi urged US President Donald Trump to prioritise the safety of Indian seafarers in the Strait of Hormuz during the implementation of Washington's proposed Iran peace deal, as both leaders focused on repairing strained bilateral relations at the G7 summit.
Trump lauded the defence relations between India and US and affirmed support precisely for the PM Modi-led nation during conflict situations.
India and the United Kingdom on Monday expressed keenness to boost bilateral trade and emphasised on the need to end the World Trade Organisation stalemate.
The agreement addresses non-tariff barriers and promotes increased trade in technology products and cooperation between the two countries.
An Indian Army contingent, Navy warships INS Tarkash and INS Ikshak, and a naval band are participating in Seychelles' Golden Jubilee National Day celebrations. Prime Minister Narendra Modi is attending as the Guest of Honour, underscoring the strong strategic partnership and defence cooperation between India and the archipelago nation.
India and the United States are committed to finalising an interim trade agreement, despite recent challenges including the US imposing a blanket 10 per cent surcharge and India's decision to wait for a new global tariff architecture. The US Trade Representative's annual report highlights India's maintained high import tariffs and various non-tariff barriers across several sectors.
India and the US are reportedly exploring a potential meeting between Prime Minister Narendra Modi and US President Donald Trump on the sidelines of the G7 summit in France next week, aiming to rebuild bilateral ties after recent tensions.
The turning point came with the appointment of Sergio Gor as the US ambassador to India.
US President Donald Trump has lauded India as an 'essential partner' and 'trusted ally' in addressing regional challenges, particularly its 'big role' in West Asia peace efforts, following discussions with Prime Minister Narendra Modi at the G7 Summit.
Myanmar President U Min Aung Hlaing assured Prime Minister Narendra Modi that Myanmarese territory would not be allowed to be used against India's security interests, as the two leaders held wide-ranging talks to boost bilateral ties in trade, defence, and energy.
Talks on the proposed trade deal between India and the United States will resume after the year-end holidays, coinciding with Sergio Gor -- a close aide of American President Donald Trump -- taking charge as the US Ambassador to India in early January, according to a person privy to the development.
The Indian government informed Parliament that India and the US are engaged in negotiations for a mutually beneficial multi-sectoral bilateral trade agreement. The two countries also cooperate on strategic, economic, and defense matters, managing divergences through high-level dialogues.
These new tariffs were imposed by Trump on all countries, including India, on February 24 for 150 days following a Supreme Court verdict that struck down his earlier sweeping levies.
Eurozone crisis has hit the India-France bilateral trade and achieving the USD 12 billion target (of the trade) would be difficult this year, French Ambassador to India, Francois Richier, said.
External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio discussed cooperation in trade, critical minerals, nuclear energy, and defence, reaffirming commitment to a free and open Indo-Pacific.
The Indian rupee plummeted to a new all-time closing low of 95.81 against the US dollar, driven by surging crude oil prices, persistent inflation concerns, and a strengthening dollar index.
The India-US ties witnessed a major downturn after President Trump slapped a whopping 50 per cent tariff on Indian goods, including a 25 per cent punitive levy over Russian oil purchases.
Next week's three-nation foreign tour of Prime Minister Narendra Modi will see India and Oman sign a free trade deal. The visit will also pave the way for agreements with Ethiopia and Jordan to increase India's bilateral trade and investments.
David Perdue said in a post on X that the US-India relationship delivers real results through close cooperation in diverse areas, including defence, energy and through Quad engagement.
US President Donald Trump and Chinese President Xi Jinping met in Beijing to discuss a range of issues, including trade frictions and the war in Iran.
Prime Minister Narendra Modi on Tuesday announced the signing of the India-EU Free Trade Agreement (FTA), saying it accounts for 25 per cent of global GDP and one-third of global trade.
India on Monday announced closure of negotiations for a free trade agreement signed with New Zealand, its 18th deal so far as the country aims to boost bilateral trade and investments. The India-New Zealand FTA is expected to be signed in the next three months and it is likely to come into force next year.
