SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 18 Apr, 2023  

FTA.9.Thmb.jpg Trade talks with renewed vigour

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
Bikky Khosla | 18 Apr, 2023

India, which has recently set an ambitious export target of $2 trillion by 2030, seems to be gearing up to boost its trade relations with the major partners, and according to latest media reports, India and Russia are discussing a FTA involving the Eurasian Economic Union. The announcement came despite mounting pressure from Western countries on India to gradually distance itself from Russia.

Interestingly, India, at the same time, is also engaged in trade talks with the US, Britain, France, Italy, the EU and the GCC countries. The US has emerged as our largest trade partner -- with bilateral trade reaching $128.55 billion-- in 2022-23, and according to experts India-US trade will continue to grow at a steady pace as the two sides are in talks to further strengthen bilateral trade ties.

Meanwhile, the Union Commerce Minister recently visited France to celebrate 25 years of strategic partnership between the countries, and during the visit discussion was held about bilateral trade potential in every area, including textiles, foodstuffs, defence, manufacturing, technology and services like banking and accounting. Both sides also discussed the ongoing India-EU talks for a FTA.

India is also engaging with Italy on ways and means to boost bilateral trade & economic partnership. Following the recent visit of the Prime Minister of Italy to India, both sides are now looking for elevating the trade relations to a strategic level partnership. India has recently concluded a FTA with Australia and also negotiating for another with the UK. These developments are welcome.

I invite your opinions.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter