The decision by India and the EU to recast the stalled trade and investment agreement into three separate deals could favour the latter.
The European Union and India agreed to resume stalled free-trade negotiations and seek closer cooperation to combat climate change at a virtual summit on Saturday.
The European Union and India are set to discuss resuming long-suspended talks on a free trade agreement at a virtual summit on Saturday, the bloc’s foreign policy chief told Nikkei.
The EU is suspending plans for a trade deal with China, while reviving those for a pact with India, in a dispute on Chinese human-rights abuses.
India and the European Union are making joint efforts to seal a “connectivity agreement”, which could be an answer to China’s Belt and Road Initiative.
Britain and India announced 1 billion pounds ($1.39 billion) of private-sector investment and committed to seek a free trade deal ahead of a virtual meeting between Prime Minister Boris Johnson and Indian leader Narendra Modi on Tuesday.
The domestic cocoa processing industry is aggrieved that India’s free trade agreements (FTAs) with the ASEAN and other nations are hurting its competitiveness given an inverted duty structure affecting their operations.
The international economic law regime has stripped India of over $3.8 billion in taxes due by Vodafone and Cairn Energy, as the country is battling the Covid19 crisis.
Pakistan, which entered into its first BIT with Germany in 1959 — which also was the first BIT ever entered — has concluded 53 BITs with 48 countries.
The India-EU Summit in Porto early next month could see progress on a free trade agreement and treaties on investment protection and geographical indications.
India has stepped up its global ambitions and foreign policy re-engagement with African countries in recent years. India is now the third largest export destination and the fifth largest investor on the continent.
New Delhi is keen on a review of the India-Japan Comprehensive Economic Partnership Agreement (CEPA) to improve market access for Indian goods.
After a gap of about eight years, India and the EU will resume formal negotiations for a trade and investment agreement on May 8, with both sides aiming to expedite a deal to aid economic growth in the post-pandemic era.
India is reconsidering a free trade agreement with the Gulf Cooperation Council after the United Arab Emirates, the country’s biggest trading member in the bloc, approached it to revive talks that got stalled in 2008.
Cairn Energy has offered to invest the entire award money in India, which includes the principal amount of $1.2 billion and interest of $500 million if the government agrees to enforce the award.
India and Canada may come back to the negotiating table later this month after a gap of almost four years to explore the possibility of signing a mini trade deal.
Several Indian products will enjoy the benefit of greater market access at concessional duties in Mauritius as the FTA signed between the two countries will come into effect from April 1
India Commerce Minister Goyal to engage with the new US Trade Representative to “try and put together a fresh package” after the old package under the Trump administration was off the table with the change of guard.
Both countries are also focused on expanding Agricultural cooperation. Besides addressing market access issues for products of mutual interest, the two sides are working on an agreement on Agriculture.
Even as the Centre is inching closer to sign a Free Trade Agreement (FTA) deal with the European Union (EU), India’s dairy sector has flagged some concerns involving livelihood scores of Indian farmers.