Tag Archives: tariff concessions

‘Balancing strengths-sensitivities’: India secures safeguards for key sectors in UK FTA; import access to be phased – Times of India

‘Balancing strengths-sensitivities’: India secures safeguards for key sectors in UK FTA; import access to be phased – Times of India

Representative image (TOI) Only around one fourth of the UK’s exports by value will receive immediate duty-free access to the Indian market, with most sensitive sectors remaining safeguarded, the government said on Friday, according to ET.Commerce secretary Sunil Barthwal, addressing the media, explained that product-specific rules of origin have been established. These include value-addition requirements designed to prevent transshipment and …

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India-EFTA trade deal: Pact to kick in next couple of months, says Piyush Goyal; deal promises $100 bn investment & duty cuts on key goods – Times of India

India-EFTA trade deal: Pact to kick in next couple of months, says Piyush Goyal; deal promises 0 bn investment & duty cuts on key goods – Times of India

The free trade agreement between India and the European Free Trade Association (EFTA) is likely to be implemented in the next couple of months, Commerce and Industry Minister Piyush Goyal said on Friday.India and the four-nation EFTA bloc—comprising Switzerland, Norway, Iceland, and Liechtenstein—had signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. As part of the pact, …

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‘Zero-for-Zero’ tariff strategy unlikely in proposed India-US trade deal: Official – Times of India

‘Zero-for-Zero’ tariff strategy unlikely in proposed India-US trade deal: Official – Times of India

PM Narendra Modi and Donald Trump (File photo-ANI) The proposed India-US bilateral trade agreement is unlikely to include a ‘zero-for-zero’ tariff strategy, as the two nations are at different stages of economic development, official sources said. The idea, though floated by trade experts to counter reciprocal tariff hikes by the US, does not align with how trade deals are typically …

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