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BILATERAL TRADE NEWS

With the US and China dialling down tensions, the focus shifts firmly to India, which Washington has long seen as a counterweight to Beijing’s influence in the region.

Trump, Xi agree on ceasefire in trade war: China eases curbs on rare earth exports

October 31, 2025 2:48 am

Before the Trump-Xi meeting, the US had even launched a Section 301 investigation to look into China’s compliance with the agreement struck between the two countries during the first Trump term in White House.

Commerce Minister Piyush Goyal with US Commerce Secretary Howard Lutnick (Image: Piyush Goyal X/File Photo)

India and US begin work on trade draft; Goyal underlines: No deal with a ‘gun to the head’

October 25, 2025 2:15 am

I do not think India has ever decided who its friends will be based on any other considerations other than national interest: Goyal

Switzerland State Secretary for Economic Affairs Helene Budliger (Image: SECO)

‘India-EFTA deal strengthens rule of law amid growing global trade uncertainty’: Switzerland’s State Secretary for Economic Affairs

October 05, 2025 8:16 am

Budliger added that US tariffs on India will not impact private companies’ investment commitment, since Swiss companies realise the importance of local presence in a large market such as India.

Goyal said India will benefit from Europe’s technology and innovation, while the EU will benefit from India’s growth story, scale and resilience.

India, EU won’t agree on everything but plenty of areas to collaborate: EU Trade Commissioner

September 12, 2025 8:01 pm

Meanwhile, Commerce Minister Piyush Goyal said it is important not to let the search for a perfect deal become the enemy of progress, and stressed that the direction in which the negotiations are moving is extremely positive.

EU push to protect digital rules holds up trade statement with US: Report

August 18, 2025 9:16 am

The statement had originally been expected days after the July announcement by EU President Ursula von der Leyen and U.S. President Donald Trump, according to FT.

According to Crisil estimates, in the last fiscal year, the US accounted for 20 per cent of India’s merchandise exports and 2 per cent of its overall GDP.

India-EU trade talks enter monthly phase amid US tariff threat; EFTA deal to come into force on Oct 1: Officials

August 15, 2025 3:14 am

This comes amid stress in the Indian export-driven industry due to fear of 50 per cent US tariffs on India, highest globally.

The US is a key market for Indian Ready-Made Garments (RMG) exports, with India holding a 33 per cent share in the country’s total garment exports in 2024, AEPC said.

Indian apparel exporters warn of 'mass layoffs' over US tariffs

August 01, 2025 4:44 pm

This comes as new tariffs are set to come into effect on August 7, and as US tariffs on India have been set higher than on over 50 countries, including Bangladesh and Pakistan.

According to Prime Minister Narendra Modi, the DCC will inject “new energy” into the Indian and UK services sectors, particularly in technology and finance.

India-UK trade deal: How Indian services firms will receive a boost from social security contributions pact with UK

July 25, 2025 5:26 am

The exemption granted by both countries to the other’s temporary workers is expected to benefit around 75,000 Indian workers

PM Modi said these agreements would enhance investment and generate new employment opportunities in both countries.

India-UK trade deal: Indian textile, gems & jewellery sectors to benefit; medical devices to get cheaper, says PM Modi

July 25, 2025 5:26 am

‘Not merely an economic partnership but a blueprint for shared prosperity’

This is important since the EU is the largest investor globally, and services represent over 70 per cent of the EU’s foreign direct investment (FDI) abroad.

India-EU FTA talks: Why resolving differences in services is a significant step forward

July 19, 2025 9:26 pm

Regulations on cross-border data flows are among the most contentious topics in trade agreements with the Western countries, especially with the rise of artificial intelligence (AI).

BILATERAL TRADE VIDEOS

Trade between India-Pakistan to surge in 2016, say authorities

January 09, 2016 8:19 am

Poonch, Jan 09 (ANI): Bilateral trade between India and Pakistan is likely to surge in 2016 after the installation of full body scanner at Chakan Da Bagh crossing point on the Line of Control (Loc) in Poonch district, said authorities. The cross-border trade between India and Pakistan started in 2008. Till December 31, 2015, a total of 14,964 Indian trucks crossed over LoC and 8,704 trucks from Pakistan entered the Indian borders. However, Assistant Commissioner of Poonch, Shafiq Ahmed, said the installation of full body scanners will give fillip to the trade between the neighbouring countries. The volume of bilateral trade between the two nations from 2008 to 2015 was recorded at USD 164.27 million. The trade between India and Pakistan is based on barter system and not currency exchange. Both the countries trade goods of equal value.