Latest news with #CommerceandTrade
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First Post
2 days ago
- Business
- First Post
'India won't negotiate based on timelines': Goyal on India-US trade deal ahead of July 9 deadline
Earlier, sources had said that the India-US trade deal will conclude in the next few days as an Indian delegation has returned from Washington after holding high-level talks with officials from the Trump administration read more Union Minister of Commerce and Trade Piyush Goyal has asserted that India will not sign a trade deal based on a timeline, but set its own terms to negotiate an agreement. His comments came ahead of July 9, when the pause on retaliatory tariffs will expire. Earlier, sources had told News18 that the India-US trade deal will conclude in the next few days as an Indian delegation has returned from Washington after holding high-level talks with officials from the Trump administration. STORY CONTINUES BELOW THIS AD 'Whether it is the European Union, New Zealand, Oman, the United States, Chile, or Peru, negotiations for agreements are underway with many countries. A free trade agreement happens only when there is mutual benefit," the minister said When the deal is made while safeguarding India's interests, keeping in mind that national interest will always remain paramount, then India is always ready to make deals with developed countries… India never makes a trade deal based on a timeline; when the deal is good, fully matured, and in the national interest, then we accept it," Goyal added. Refresh for updates.
The Print
21-04-2025
- Business
- The Print
India actively engaging with US; hopes to sign first phase of bilateral pact by Oct: FM
Earlier this year, US President Donald Trump and Prime Minister Narendra Modi agreed to launch talks for a bilateral trade deal amid the lurking fear of reciprocal tariff being imposed by Washington. 'We are one of the countries which is actively engaged with the new administration of the United States of America to see how best we can get a bilateral trade agreement done,' he said during an interaction with the Indian diaspora here. San Francisco, Apr 21 (PTI) Finance Minister Nirmala Sitharaman on Sunday said India is 'actively engaging' with the new US administration and hopes to conclude the first tranche of the bilateral trade agreement 'positively' by fall (September-October) this year. 'Equally, the priority that we gave to engage with the government here is more than obviously seen with the Prime Minister himself visiting the United States in February. You had the Commerce and Trade Minister come. I have come here because I also have the IMF and World Bank meeting. 'I am scheduled to meet the treasury secretary, my counterpart here. So the keenness with which we are engaging with the US administration, even as I talk, I think the US vice-president is in India. He will be engaging with the Prime Minister hopefully this evening or tomorrow,' she said. The US and India have aimed for a bilateral trade agreement (BTA), which is a kind of free trade pact. The two have decided to conclude the proposed BTA in two tranches or phases. 'So, the long and short of engaging with the US is not just reciprocal tariff-related matter but in the interest of keeping an agreement in mind and in the interest of one of the largest trading partners with whim we need to have agreement we are working in order that by the fall this year we should have first phase of agreement signed,' she said. The US President announced sweeping reciprocal tariffs (or import duties) on a number of countries, including India and China, on April 2. However, on April 9, he announced a 90-day suspension of these tariffs until July 9 this year, except for those on China and Hong Kong, as about 75 countries approached America for trade deals. China is facing up to 245 per cent duty on its goods entering the US. 'In between all this, the Assistant USTR (US Trade Representative) had visited India to see the progress or to engage with the negotiating team who is dealing with the tariff-related negotiation and the bilateral trade agreement that we want to sign. In fact, the progress of the agreement, or the trade agreement that we are working on, at least a first tranche is something which we hope to conclude positively by the fall this year,' she said. Responding to a query on India's future global leadership and how the current budget supports this ambition, Sitharaman highlighted India's progress in critical areas like semiconductors, renewable energy — including modular nuclear energy — digital infrastructure, and artificial intelligence (AI). She further said the government at the Centre is working with the objective to make India a developed nation by 2047. 'Our government's primary focus is Viksit Bharat by 2047 and Prime Minister Narendra Modi has emphasised that it can be achieved by looking after the four main 'castes' — Women, Poor, Youth and Farmers,' she said. India's focus is also on the 'Sunrise Sectors' which are important to build our capacities and areas such as Digital Public Infrastructure (DPI) where India has emerged as a global leader, she said. PTI DP TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Gulf Today
08-04-2025
- Business
- Gulf Today
UAE firm on supporting people of Afghanistan
Saif Mohammed Al Ketbi, UAE Special Envoy to Afghanistan, led a high-level delegation to Afghanistan's capital, Kabul, from April 3 to 5, 2025, to discuss ways of supporting the UAE's humanitarian and developmental efforts in Afghanistan. Al Ketbi met Mawlawi Abdul Salam Hanafi, Deputy Prime Minister for Administrative Affairs of Afghanistan, Mawlawi Amir Khan Muttaqi, Acting Minister of Foreign Affairs, and Haji Nooruddin, Minister of Commerce and Trade, to discuss bilateral cooperation and ways of strengthening coordination across various fields to achieve the mutual interests of both countries, and enhance their peoples' welfare. Furthermore, the discussions focused on reinforcing economic and developmental cooperation and supporting efforts of reconstruction and development in Afghanistan. In this regard, Al Ketbi reaffirmed the UAE's unwavering commitment and continuous support to the friendly people of Afghanistan, reflecting the historic relations between both countries and peoples, which aims at advancing development and stability. He further expressed the UAE's keenness to reinforce cooperation with Afghanistan, particularly in relation to efforts regarding the return of Afghan refugees, to meet the aspirations of the people of Afghanistan towards stability and prosperity, while also contributing to the fulfilment of mutual benefits. WAM
Emirates 24/7
07-04-2025
- Business
- Emirates 24/7
UAE unwaveringly, continuously committed to providing humanitarian support to people of Afghanistan: UAE Special Envoy to Afghanistan
Saif Mohammed Al Ketbi, UAE Special Envoy to Afghanistan, led a high-level delegation to Afghanistan's capital, Kabul, from 3rd to 5th April 2025, to discuss ways of supporting the UAE's humanitarian and developmental efforts in Afghanistan. Al Ketbi met with Mawlawi Abdul Salam Hanafi, Deputy Prime Minister for Administrative Affairs of Afghanistan, Mawlawi Amir Khan Muttaqi, Acting Minister of Foreign Affairs, and Haji Nooruddin, Minister of Commerce and Trade, to discuss bilateral cooperation and ways of strengthening coordination across various fields to achieve the mutual interests of both countries, and enhance their peoples' welfare. Furthermore, the discussions focused on reinforcing economic and developmental cooperation and supporting efforts of reconstruction and development in Afghanistan. In this regard, Al Ketbi reaffirmed the UAE's unwavering commitment and continuous support to the friendly people of Afghanistan, reflecting the historic relations between both countries and peoples, which aims at advancing development and stability. He further expressed the UAE's keenness to reinforce cooperation with Afghanistan, particularly in relation to efforts regarding the return of Afghan refugees, to meet the aspirations of the people of Afghanistan toward stability and prosperity, while also contributing to the fulfilment of mutual benefits. Follow Emirates 24|7 on Google News.
Al Etihad
07-04-2025
- Business
- Al Etihad
UAE unwaveringly, continuously committed to providing humanitarian support to people of Afghanistan: UAE Special Envoy to Afghanistan
7 Apr 2025 10:40 KABUL (WAM) UAE Special Envoy to Afghanistan, Saif Mohammed Al Ketbi, led a high-level delegation to Afghanistan's capital, Kabul, from April 3-5, 2025, to discuss ways of supporting the UAE's humanitarian and developmental efforts in Ketbi met with Mawlawi Abdul Salam Hanafi, Deputy Prime Minister for Administrative Affairs of Afghanistan, Mawlawi Amir Khan Muttaqi, Acting Minister of Foreign Affairs, and Haji Nooruddin, Minister of Commerce and Trade, to discuss bilateral cooperation and ways of strengthening coordination across various fields to achieve the mutual interests of both countries, and enhance their peoples' the discussions focused on reinforcing economic and developmental cooperation and supporting efforts of reconstruction and development in this regard, Al Ketbi reaffirmed the UAE's unwavering commitment and continuous support to the friendly people of Afghanistan, reflecting the historic relations between both countries and peoples, which aim at advancing development and stability. He further expressed the UAE's keenness to reinforce cooperation with Afghanistan, particularly in terms of efforts regarding the return of Afghan refugees, to meet the aspirations of the people of Afghanistan toward stability and prosperity while also contributing to the fulfilment of mutual benefits.
