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The Latest Breaking News from FTA

India-UK FTA: Pharma industry flags regulatory priorities ahead of July 15 rollout

Industry stakeholders expect stronger trade, investment, and research partnerships but say implementation clarity will determine the pact’s long-term impact.

The Economic Times

Raising the bar: India-UK FTA seen driving next wave of premiumisation in alco-bev industry

Under the India-UK trade deal, set to take effect on July 15, India will be reducing duty on UK whisky and gin from 150% to 75% and further to 40% in the tenth year of the deal.

The Economic Times

Thailand, EU free trade talks make more progress

Thailand and the European Union have concluded eight more negotiating items in their latest free trade agreement (FTA) talks, a key step toward finalising the long-awaited pact, Commerce Minister Suphajee Suthumpun said.

Bangkok Post

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Why the India-UK trade pact could make this India’s decade for the textile industry

Industry experts say that the trade deal is expected to improve India’s price competitiveness, enhance export opportunities, and strengthen its position as one of the world’s key fashion and retail markets.

The Economic Times

Do not see India-Peru FTA happening anytime soon, says Piyush Goyal

India's proposed free trade agreement with Peru faces delays due to market access concerns for certain products, according to Commerce Minister Piyush Goyal. He indicated the Peru FTA is unlikely to conclude soon. In contrast, negotiations for an India-Canada FTA are progressing well, with a team heading to Canada for…

The Economic Times

EU unveils new steel import quotas to protect its industry from overcapacity, reserves half for FTA partners

The European Commission has implemented new quotas to curb duty-free steel imports, aiming to bolster the EU's steel sector and boost capacity utilization. Annual tariff-free imports will be cut by 47% to 18.3 million tonnes, with a hefty 50% duty on out-of-quota steel. Half of these quotas are reserved for…

The Economic Times

'India-Israel FTA may be signed in very near future': Israel Embassy's Economic Division head Ofir Amami

India and Israel are discussing a Free Trade Agreement (FTA) covering goods and services, and the agreement could be signed in the near future as both countries seek to deepen economic cooperation and strengthen bilateral trade ties, Ofir Amami, Head of Economic and Commercial Mission at the Embassy of Israel,…

The Economic Times

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World MSME Day: What India’s recent FTAs and trade deals mean for MSMEs

While FTAs have opened global markets for MSMEs, experts say future deals should be designed more carefully to help small firms compete at home and abroad.

The Economic Times

India’s trade strategy: Moving beyond FTAs

Currently, India’s FTA utilisation rate hovers around 25% compared to 70-80% in developed economies.

The Economic Times

India-UK FTA levels the playing field for apparel exporters, says Pearl Global's Pallab Banerjee

India's apparel exports are set for a significant boost with the new UK Free Trade Agreement, finally removing a long-standing 10-12% tariff disadvantage against competitors like Bangladesh and Cambodia. Industry leaders anticipate improved price competitiveness, attracting fresh investments, increasing exports, and creating substantial employment opportunities across various garment categories.

The Economic Times

Thai-Bhutan pact receives approval

The cabinet has approved the Thailand-Bhutan free trade agreement (FTA), which is expected to take effect early next year.

Bangkok Post

India's biggest trade bet comes with six red flags

India may be adding more trade partners, but its latest FTA report card comes with several red marks. A new study by the Global Trade Research Initiative (GTRI) warns that while free trade agreements have become a cornerstone of India's trade strategy, the country is grappling with six persistent challenges…

The Economic Times

Manufactured monopoly: How industrial policy is structuring monopolies in India

India's industrial strategies are shaping a landscape where giant corporations thrive while smaller enterprises struggle to keep up. Policies like tariffs, regulations and quality controls act as gatekeepers, limiting new entrants. This imbalance not only stifles innovation but also poses a challenge to the ambitious vision of a developed India.

The Economic Times

While Europe negotiated FTA, this startup was already hosting India's internet economy

A new trade deal between India and Europe opens doors for businesses. However, companies like Hostinger from Lithuania already found success in India by understanding local needs. They focused on affordable, user-friendly online tools. This shows that early localization and market understanding are key to winning in India, not just…

The Economic Times

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The Economic Times

Four myths about the falling rupee and what India must actually do

India's rupee is facing pressure from global events. The nation needs a plan to tackle weaknesses that amplify these impacts. Energy independence and boosting domestic manufacturing are key. Strengthening talent mobility and improving FTA utilization are also vital. These steps will build resilience against external shocks and support India's growth.

The Economic Times

India should now focus on FTA implementation, utilisation by exporters: Experts

For India to leverage its Free Trade Agreements effectively, a paradigm shift in strategy is imperative. Experts caution that the disparity between secured market access and the realization of exports is widening.

The Economic Times

Why New Zealand is emerging strongly in India’s study abroad reset

The India-New Zealand FTA signals a significant shift in international student mobility, with New Zealand emerging as a primary choice for Indian students. This change is driven by policy stability, clear post-study work pathways, and a more sophisticated cost-benefit analysis, moving beyond traditional destination preferences.

The Economic Times

Planing 500 delegations, outreach to 1,600 industry chambers to boost FTA utilisation: Piyush Goyal

India is launching ambitious plans to boost its use of free trade agreements. The commerce ministry will send 500 delegations abroad and train 1,000 people. This initiative aims to help Indian businesses increase exports and attract investments. The government is committed to supporting industry growth and achieving export targets.

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The Economic Times

India-NZ FTA: GJEPC targets 200% export growth to $50 million in 3 years

The pact offers zero-duty access, expected to boost exports from $16.61 million to nearly $50 million in three years. This agreement provides a competitive edge over China and Thailand, opening new avenues for Indian exporters in the Oceania region.

The Conversation

Labour-National standoff aside, the India-NZ trade deal is a blueprint for real growth

In an increasingly uncertain world, where the global balance of power is tilting toward Asia, a comprehensive free trade agreement (FTA) with India promises access to a booming market and “southern anchor of stability” in the Indo-Pacific region.

Euronews

EU–India free trade deal explained: Why it matters for growth and jobs

The pact slashes tariffs, opens up services and agriculture, and marks the largest trade agreement either side has ever signed.

Reason

Taxpayers Still Paying for Hurricane Sandy Relief Mismanagement 13 Years Later, New Report Finds

A recent Transportation Department audit of Hurricane Sandy relief funds found $95 million in questionable costs and $2.9 billion in unspent money.

The Conversation

UK’s India trade deal offers wider access to a surging economy – and could make food imports cheaper

After more than three years and 14 rounds of negotiations, the UK and India have finally announced a free trade agreement (FTA). UK Prime Minister Keir Starmer will formally sign the deal on a visit to India later this year. This is the biggest and most economically significant bilateral trade…

Dynamite News

India, EU aim to conclude FTA negotiations by this year: MEA after EU chief's "landmark visit"

Ministry of External Affairs Secretary (West) Tanmay Lal, highlighted that 20 union cabinet ministers and Ministers of State engaged in discussions and issues ranging from trade, digital green technology, energy, environment and connectivity were discussed. Read further on Dynamite News:

USA Today Sports Media Group

How to Prepare for an ESR Audit: Compliance Checklist for UAE Businesses

With the issuance of the Cabinet Resolution No. 57 of 2020 regarding Economic Substance regulations (ESR) on 10 August 2020 , the Federal Tax Authority (FTA) was selected as the National Evaluating Authority. It is the initiative taken by the ...

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