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Trade deals
Today11 stories · 12 articles
Net tone● −8% today
Market check
Developing6 storylines
Trade deals in three lines
- Baume & Mercier is planning significant investment in India after the India-EFTA trade pact
- Sitharaman said Chinese authorities restrict market access and impose requirements
- CBIC said a valid Origin Declaration will suffice for concessional duty under India-UK CETA
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● mixedHere’s the List of Goods the US, China Agreed on for Tariff CutsThe US and China listed $30 billion worth of goods for planned tariff cutsUS–ChinaTrade and tariffsChina
● mixedUS govt releases lists of products for $30 billion China tariff dealThe proposed $30 billion China tariff arrangement covers fireworks, household products, sports equipment and toysChinaTrade and tariffsUS tariffs
● mixedChina says US trade-truce extension creates room to advance talksUS–ChinaTrade and tariffsChina
Expansion● mixedIt's the right time to invest in India: Swiss luxury watchmaker Baume & Mercier CEOSwiss luxury watchmakers, particularly Baume & Mercier, are planning significant investments in India due to the India-EFTA trade pactTrade and tariffs
● mixed'We are playing hockey, they are playing football': FM Sitharaman on China's trade barriersSitharaman said Chinese authorities set requirements and restrict market access, unlike India's consumer-led approachNirmala SitharamanTrade and tariffsChina
● mixedIndia's former top negotiator at WTO. Now he warns of risks in a full-fledged FTA with USA limited US trade deal could benefit India; a broader FTA could pressure agriculture and industryAgricultureTrade and tariffsUS tariffs
● mixedForeign secy Misri meets US lawmakers; Russia sanctions bill and India-US ties in focusVikram Misri met a bipartisan US Congressional delegationRussiaGeopoliticsRussian oil
● mixedRussia-Europe balancing act ahead for India as Modi lines up Dec visitsModi plans December visits to Western countries and Russia amid shifting global tiesGeopoliticsNarendra ModiRussia
Policy▼ bearishUS trade deal could shield India from 100% tariff under Russian sanctions law: SourcesGraham Act allows tariffs of up to 100% on the largest buyers of Russian oilRussiaDonald TrumpRussian oil
Policy● mixedCBIC eases paperwork to claim concessional duty on imports from UKA valid Origin Declaration will suffice to claim concessional duty under the India-UK CETAUnited KingdomImport dutiesTrade and tariffs
● mixedBrics can serve as a platform for talks, cooperation, and reaching consensus: Iranian ambassador FathaliIran’s ambassador said BRICS can support talks, cooperation and consensusIranUnited NationsBRICS
● mixedChips, Toys, And Tariffs: Inside The Xi-Trump $30 Billion Trade Accord And AI Safety HotlineThe summit centred on personal diplomacy rather than major public breakthroughsXi JinpingDonald TrumpUS–China
● mixedJaishankar meets Canadian, Mexican, Venezuelan counterparts at UNGAJaishankar held separate meetings with Canadian, Mexican and Venezuelan counterpartsS JaishankarVenezuelaUnited Nations
Policy● mixedNiti Aayog to review export SOPs amid evolving global trade orderNiti Aayog plans to assess export-support schemes RoSCTL and RoDTEP amid changing trade dynamicsTrade and tariffsTrade dataUS tariffs
● mixedChina, US Reach Agreements On Iran, Trade, Military Crisis Prevention: ReportChina and the US reached consensus on trade, Iran, AI and military cooperation after Xi Jinping and Donald Trump talksUS–ChinaTrade and tariffsGeopolitics
Policy● mixedIndia-EU FTA struck on equal terms after 17 years of talks, says Jitin PrasadaEuropean UnionTrade and tariffs
Policy▼ bearishIndia cuts edible-oil import duties ahead of festivalsEdible-oilseed farmers view the duty cut as an attack on their livelihoodsImport dutiesFarm commoditiesAgriculture
Policy● mixedIndia-US trade pact to 'unleash another level' of ties, says American official; reveals deal is '90%-plus' doneA senior US State Department official said the India-US trade pact is “90-per cent-plus” completeTrade and tariffsUS tariffsTrade data
Data● mixedThe week in charts: India-NZ FTA, growth forecasts, trillion-dollar clubWeekly charts cover the India-NZ FTA, growth forecasts and the trillion-dollar clubEconomic growthGDPTrade data