tariff concessions

India is reviewing tariff concessions on Scotch and other goods in its trade deal with the UK. This action is contingent on the UK addressing India's concerns regarding steel quotas and duties. UK Trade Secretary Peter Kyle is set to meet with India's Commerce and Industry Minister Piyush Goyal to resolve this deadlock.

India and the UK are set to discuss contentious steel safeguard measures and the proposed Carbon Border Adjustment Mechanism (CBAM) this week, posing significant hurdles to their free trade agreement. New Delhi is concerned about reduced steel import quotas and potential carbon taxes impacting exports, hinting at possible retaliatory measures.

MSME Sector Seeks Govt Aid Through Power tariff concessions, Lower Fuel Prices & Moratoriums To Mitigate Impact Of Conflict

India and the UK are addressing key issues delaying the Comprehensive Economic and Trade Agreement (CETA) implementation, including Britain's steel safeguard measure and carbon border adjustment mechanism. These concerns could lead India to rebalance duty concessions on British products like Scotch whisky, impacting bilateral trade.

Trump has said at least five times in the three months since the Iran war that it's ending. Now, it really does have to because his approval ratings are hitting all-time lows

Global powers are now vying for India's attention, recognizing its growing influence. While the US seeks to bolster trade, India has been actively forging significant trade agreements, positioning itself as a reliable and indispensable partner in a shifting geopolitical landscape.

Delhi's IGI Airport, managed by GMR Group, has expanded its capacity to handle 10.5 crore passengers annually, with current traffic at 7.9 crore. The airport is prioritizing an automated people mover and enhancing city-side connectivity. Despite short-term impacts from geopolitical events, GMR remains bullish on India's aviation growth.

India has significantly increased import tariffs on gold and silver to 15% from 6% to curb imports and protect foreign exchange reserves. This move follows Prime Minister Modi's appeal for citizens to avoid gold purchases for a year, aiming to narrow the trade deficit and support the rupee amid global economic pressures.

The US under Trump is intensifying pressure on Cuba, drawing comparisons to its Venezuela policy. However, experts believe Cuba's complex political structure and disciplined security apparatus make it a far riskier and potentially costlier challenge for Washington than Venezuela.

President Trump's Beijing visit concluded without major breakthroughs, highlighting a widening gap in core interests between the US and China. While projecting stability, the meetings revealed limited cooperation on issues like Iran and Taiwan, with trade offering the only tangible deliverables. Both leaders claimed victory, entering a transactional phase focused on leverage.

All eyes in Beijing from tomorrow as Xi, Trump navigate trade, tech and geopolitical whirlpools

US courts have again blocked Trump's 10% global tariffs, deeming them unauthorized. This ruling, following earlier tariff invalidations, signals a return to WTO's MFN rates. For India, this policy instability raises concerns, prompting advice to pause Free Trade Agreement talks until US trade systems stabilize, preventing one-sided deals.

Prime Minister Modi urged Indians to halt gold purchases for a year to protect foreign exchange reserves, a call supported by GTRI which highlighted a surge in gold imports straining the trade balance. Union Minister Ashwini Vaishnaw echoed the appeal, emphasizing reduced import spending amid Middle East conflict, leading to a sell-off in jewellery stocks.

President Trump's visit to China is overshadowed by the Iran War, which has disrupted global energy supplies and impacted his approval ratings. While trade and Taiwan remain on the agenda, the protracted conflict in Iran presents a significant challenge, with the US struggling to achieve its war aims and facing a decline in superpower status.

Trump’s philosophy is often mistaken for the absence of philosophy, but absence can become a system if practised with sufficient confidence. Every problem becomes a deal, every deal becomes a performance, every performance requires a winner, and the winner, ideally before anyone checks the paperwork, is Donald Trump.

India-New Zealand FTA: It aims to double bilateral trade, provide Indian exporters duty-free access to the New Zealand market, and attract investments worth $20 billion over the next 15 years.

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.

India and New Zealand are set to sign a Free Trade Agreement on April 27, aiming to boost bilateral trade to $5 billion within five years. The pact will offer duty-free access for many Indian exports, benefiting sectors like Agra's leather industry. New Zealand gains tariff reductions on key products, while India protects sensitive agricultural goods.