India's exports to Australia up 14 pc during Apr-Nov, thanks to trade agreement

Oman ranks as India's third-largest export market within the Gulf Cooperation Council (GCC) nations. The agreement is anticipated to boost Indian exports further after the implementation of the free trade agreement. Presently, more than 80% of Indian goods face an average 5% import duty upon entering Oman, with few existing trade barriers.

The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.

The next round of talks for the proposed free trade agreement between India and Oman is set to begin on January 16, with the negotiations progressing well. The Comprehensive Economic Partnership Agreement (CEPA) is the third largest export destination for India, with bilateral trade reaching USD 12.39 billion in 2022-23.

New Delhi, Mar 9 (PTI) India and four-nation European bloc EFTA will sign a free trade agreement on Sunday, which is likely to help promote investments and exports of key domestic services sectors such as IT, audio-visual, and movement of skilled professionals, an official said. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, […]

​​The envoy asserted that US President Joe Biden in the past had emphasized that trade between India and America should rise to the level of USD 500 billion given the potential for expansion. Efforts are on achieve this goal, said the Ambassador who took charge of his new diplomatic assignment last year.

India Business News: India and the Association of Southeast Asian Nations (Asean) are set to begin a review of their existing free trade agreement (FTA), with a focus on m

India and the 27-nation bloc resumed negotiations on June 17 last year after a gap of over eight years on the proposed agreements on trade, investments and Geographical Indications (GI). India had started negotiations for a trade pact with the EU in 2007, but the talks stalled in 2013 as both sides failed to reach an agreement on key issues, including customs duties on automobiles and spirits and the movement of professionals.

India-Australia interim trade agreement came into force on December 29, 2022; discussions underway for Comprehensive Economic Cooperation Agreement.

India and Australia expressed their commitment for concluding the negotiations for expanding the scope of existing free trade agreement by the end of this year with an aim to push trade to 100 bin

Switzerland is the largest source of gold imports, with about 41 per cent share during April-October this fiscal, followed by the UAE (about 13 per cent) and South Africa (about 10 per cent). The precious metal accounts for over 5 per cent of the country's total imports.