U.S. Commerce Secretary Howard Lutnick has called for a comprehensive free trade agreement (FTA) with India rather than a product-by-product approach, emphasizing the need for India to significantly reduce its tariffs across the board. Speaking at the India Today Conclave, Lutnick outlined the Trump administration's vision for a "big, grand"...
India’s Bilateral Trade Agreements Boost its Economy
Among other factors, a country’s economic health is determined by trade flows. The movement of goods across countries forms the backbone of international trade. Small and medium businesses account for about half of India’s merchandise exports. This underlines the significance of the estimated 60 million micro, small and medium enterprises...
India, U.K to Consider Free Trade Agreement
India and the United Kingdom will launch negotiations on free trade agreement (FTA) by November 2021. The decision was taken at a meeting between Commerce and Industry Minister Piyush Goyal and his British counterpart Secretary of State for International Trade Elizabeth Truss. British Prime Minister Boris Johnson is anxious to...
U.S. Companies Keen to Shift Manufacturing from China to India
The U.S.-India Strategic and Partnership Forum's president Mukesh Aghi said that 200 American companies are seeking to move their manufacturing base from China to India once the general elections that are currently going on in India are over. The companies find that there is an excellent opportunity to set up...