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Trade deals
Today13 stories · 15 articles
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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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● mixedIndia-Canada trade deal on cards? Maninder Sidhu may visit in October ahead of PM Modi's December trip: ReportCanadian Trade Minister Maninder Sidhu is expected to meet Piyush Goyal in New Delhi after the fifth negotiation roundCanadaNarendra ModiTrade and tariffs
● 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
● mixedRalph Lauren, Gap and 50 Countries: 3 Textile stocks riding India’s $100 billion export dreamTrade dataTrade and tariffsGlobal markets
● mixedForeign secretary Vikram Misri flags tariff move in talks with US undersecretaryForeign Secretary Vikram Misri raised concerns about the potential effect of tariffs in New York talksTrade and tariffsUS tariffs
● mixedEurope, India ties have achieved level of a political intensity: EU envoyThe EU ambassador to India said ties have reached a level of political intensityEuropean Union
Policy▲ bullishIndia-US trade deal 90 per cent complete, final details being worked out: US officialA US official said the India-US trade deal is 90 per cent completeUS tariffsTrade and tariffs
Policy● mixedCBIC simplifies origin paperwork for UK imports seeking preferential tariffsA valid origin declaration from UK exporters can support preferential tariff claimsUnited KingdomTrade and tariffsTaxes
Deal● mixedInvestors Look to Growing Opportunities in the Indian M&A MarketGlobal marketsMarket valuationsEconomic growth
● mixedCEA flags US ties, energy as headwinds, calls for strategic buffersCEA V Anantha Nageswaran says India cannot afford to choose between global blocsV Anantha NageswaranUS–ChinaUS tariffs
Policy● mixedUS to share details of China trade talks on MondayUS Trade Representative Greer said details on the talks would come MondayUS–ChinaChinaTrade and tariffs
● mixedAmit Shah, Adityanath open UP trade show; over 600 foreign buyers take partMore than 600 foreign buyers from 90 countries are participating in the five-day eventTrade and tariffsTrade data
● mixedPanda Diplomacy Shows Thawing US-China Ties as Xi and Trump MeetUS–ChinaXi JinpingDonald Trump
Policy▲ bullishIndia and Australia pursue CECA and investment treaty talks, including critical mineralsIndia and Australia are negotiating a comprehensive economic cooperation agreement and bilateral investment treatyCritical mineralsTrade and tariffs
● mixedIndia cannot afford to choose between competing blocs, not taking sides comes with costs: CEA NageswaranGeopoliticsUS tariffsRussian oil
Policy▲ bullishUttar Pradesh policy offers export incentives for 2025-30The state policy supports Uttar Pradesh businesses selling goods and services abroadShipping and logisticsE-commerceInfrastructure
Policy● mixedMSMEs must prepare for EU non-tariff rules to gain from FTA: GovtOfficials said lower tariffs alone will not lift exports unless MSMEs meet EU ESG, CBAM and certification requirementsEuropean UnionTrade and tariffs
● mixedPiyush Goyal: Commerce Secy to visit Mexico next week, trade deal with Peru unlikelyCommerce Secretary will visit Mexico next week; Goyal said a trade deal with Peru is unlikelyMexicoTrade and tariffsEconomic growth
▼ bearishCEA flags US ties, energy prices and lack of AI presence as near-term headwindsCEA V Anantha Nageswaran cited unsettled US relations, energy prices and the absence of a significant AI playUS tariffsAITrade data
● mixedCatalonia Deepens Its India Push As Minister Miquel Samper Rodriguez Visits, Expands Presence In New DelhiCatalonia’s minister visited India to build on €2.8 billion in existing tradeTrade and tariffsTrade dataNew Delhi Television
Policy● mixedIndia close to concluding four BITs under updated treaty frameworkIndia is close to concluding BITs with the UK, EU, Oman and QatarUnited KingdomEuropean UnionSaudi Arabia
Policy▲ bullishIndia’s revised bilateral investment treaty framework keeps taxation outside its scopeThe Cabinet is expected to consider the revised model BIT soonTaxesTrade and tariffs
Policy▲ bullishCabinet to soon decide on new bilateral investment treaty template to ease dispute settlementsThe proposed treaty template would substantially shorten the five-year mandatory litigation timeframe
Policy▼ bearishIndia unlikely to make major changes to foreign-investor dispute resolutionIndia is unlikely to make major changes to its bilateral investment treaty dispute-resolution frameworkGlobal markets
● mixedBefore Jaishankar speaks at UNGA, India gets 11 mentions: What world leaders saidS JaishankarUnited NationsNarendra Modi
Policy▲ bullishUS, India should intensify efforts to conclude "historic" trade deal, lower tariffs: USIBC President Atul KeshapUSIBC urged the US and India to conclude a trade deal and lower tariffsUS tariffsTrade and tariffsDinesh Pant
● mixedIndia’s global economic role expands as markets and influence deepen: ThakurEconomic growthGlobal marketsTrade data
Deal▲ bullishGoyal says India-US trade deal is done, but execution awaits competitivenessPiyush Goyal said the India-US bilateral trade agreement is on the verge of completionTrade and tariffsUS tariffsEuropean Union
● mixedWhy India did not sign an FTA with China, according to Piyush GoyalPiyush Goyal said concerns partly drove India’s decision not to join the Regional Comprehensive Economic PartnershipChinaTrade and tariffs
Policy▲ bullishIndia-Mexico may sign trade pact, report reveals: Autos, pharma, engineering—who stands to gain?India and Mexico may finalise Terms of Reference for a preferential trade agreement in early OctoberAutosPharma and healthcareTrade and tariffs
Policy● mixedIndia, Mauritius to discuss expanding product coverage under economic cooperation agreementIndia and Mauritius will discuss broader product coverage under their economic cooperation agreementTrade and tariffs
Policy● mixedIndia must foresake isolated protectionism, build physical buffers: CEATrade dataForex reservesUS tariffs
▼ bearishEconomic adviser describes India-US ties as an ‘uneasy equilibrium’V. Anantha Nageswaran said the relationship with the US remains unsettledV Anantha NageswaranTrade and tariffsUS tariffs
Policy▲ bullishIndia’s FTAs aim to improve tariff predictability and attract supply-chain investmentRecent FTAs are designed to provide tariff stability and predictability for long-term investorsTrade and tariffsShipping and logistics
▲ bullishIndia has outgrown ‘Emerging Economy’ tag, eyes bigger role in global order: DEA SecretaryAnuradha Thakur said India is shaping global institutions and expanding its trade reachAnuradha ThakurGlobal marketsTrade and tariffs
▲ bullishIndia-EU FTA to boost Indian exports, spur Danish investment in India: Denmark envoy KristensenThe India-EU FTA is anticipated to significantly increase Indian exports to DenmarkEuropean UnionTrade and tariffsTrade data
● mixedTrading smart: On the India-New Zealand FTAThe India-NZ FTA shows how smaller deals can complement big-bang trade pactsTrade and tariffs
● mixedEAM Jaishankar meets European partners at UNGA: Ukraine conflict, India-EU FTA, bilateral ties on agendaJaishankar met European partners at the UNGA; discussions included Ukraine, the India-EU FTA and bilateral tiesS JaishankarEuropean UnionUkraine
Market move● mixedIndia gets 'strategic partner' status in Pacific Islands Forum: JaishankarIndia was placed on the Pacific Islands Forum's "strategic partner stream"S Jaishankar
Policy▲ bullishIndia-EU FTA to be signed on December 16The India-EU FTA is to be signed on December 16European UnionNarendra ModiTrade and tariffs