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Proposed national ecommerce, retail trade policies under discussions: Goyal
YourStory
ยท
1m ago
Medial
Commerce and Industry Minister Piyush Goyal stated that the proposed national ecommerce and retail trade policies are under discussion as they are interconnected. The evolving nature of the ecommerce sector necessitates revising policies for contemporary relevance. The Department for Promotion of Industry and Internal Trade (DPIIT) has sought input from the National Traders' Welfare Board for a national retail trade policy. Earlier drafts aimed at improving business ease and modernizing the sector.
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National E-commerce Policy in final stages; May be announced soon: Goyal
OutlookIndia
ยท
1y ago
Medial
The proposed national e-commerce policy in India is in its final stages and will be announced soon, according to Union Minister Piyush Goyal. The policy aims to address various aspects of the e-commerce ecosystem, including data, infrastructure, marketplaces, regulations, domestic digital economy stimulation, and export promotion through e-commerce. The Department for Promotion of Industry and Internal Trade (DPIIT) has previously held discussions with e-commerce representatives and domestic traders regarding the policy. Additionally, the DPIIT is also working on a national retail trade policy.
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US to demand full market access for Amazon, Walmart's Flipkart in trade talks with India: FT report
Economic Times
ยท
2m ago
Medial
The United States is seeking full market access for Amazon and Walmart in India's ecommerce sector as part of bilateral trade negotiations. The discussions, linked to reciprocal tariffs, aim to ensure a level playing field for US ecommerce entities. Currently, India's policies permit foreign companies to operate only as marketplaces. The talks unfold amid a $125 billion market competition, US-India agreement outlines, and a significant trade deficit, with US efforts to bridge their trade gap.
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Commerce minister to meet export promotion councils on March 13
Business Today
ยท
4m ago
Medial
Commerce and Industry Minister Piyush Goyal will meet export promotion councils on March 13 to discuss trade issues, including recent US trade and tariff announcements. This meeting is part of regular interactions with the export councils. The discussions may cover reciprocal tariffs by the US and a proposed bilateral trade agreement. Efforts are ongoing to negotiate tariff reductions, with US President Trump planning to impose reciprocal tariffs from April 2. India aims to double bilateral trade to $500 billion by 2030.
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US Trade rep urges India to ensure hardware import rules donโt hurt trade
Inc42
ยท
1y ago
Medial
At the 14th Ministerial-level meeting of the India-US Trade Policy Forum, US trade representative Ambassador Katherine Tai raised concerns over India's new import requirements for computers and tablets. She urged Commerce Minister Piyush Goyal to ensure that the policies do not restrict trade in the sector. Goyal cited national security concerns for the new import requirements. The implementation of the "import management system" was welcomed by Tai, who called for collaboration to ensure supply chain resilience. The government had imposed restrictions on imports of IT hardware last year, later deferring the implementation and implementing the new tracking system.
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Not Against Ecommerce Sites, Want Them To Operate Fairly: Goyal
Inc42
ยท
10m ago
Medial
Commerce Minister Piyush Goyal emphasized the need for fair competition between online and offline businesses. He previously mentioned that billion-dollar investments by ecommerce giants like Amazon in India were meant to offset losses, rather than benefiting the Indian economy. Additionally, Goyal expressed concerns that the growth of ecommerce in India could result in job losses in traditional retail sectors.
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India offered US a deal, basically zero tariffs, says Donald Trump
Economic Times
ยท
2m ago
Medial
In a significant development, US President Donald Trump announced that India has proposed a trade deal offering zero tariffs on a wide range of American products. Both nations are engaged in high-level trade negotiations to resolve tariff issues. India aims to reduce average tariffs from 13% to under 4% and seeks US tariff exemptions in return. Recently, the US temporarily suspended additional tariffs on Indian exports, fostering positive trade discussions.
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Five chapters finalised in India-EU FTA
Economic Times
ยท
1m ago
Medial
India and the EU have concluded five chapters in their proposed Free Trade Agreement (FTA), focusing on intellectual property, customs, and trade facilitation, during the 11th round of negotiations in New Delhi. The discussions also covered easing certification processes under Indiaโs Quality Control Orders. The 12th round is anticipated in Brussels in July, with continuous engagement expected, aiming to finalize the FTA by 2025. Substantial progress was made on digital trade facilitation provisions.
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EV firms unanimous that subsidy will not be needed after existing regime ends: Goyal
YourStory
ยท
6m ago
Medial
Electric vehicle (EV) companies no longer need subsidies after the current regime ends, according to Commerce and Industry Minister Piyush Goyal. Following a meeting with stakeholders, it was revealed that the EV industry, expected to grow significantly by 2030, seeks a level-playing field. The government has introduced policies to boost EV infrastructure, including charging stations, but companies are encouraged to make independent business decisions and self-regulate under proposed guidelines.
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'Don't panic, look at silver lining': Piyush Goyal to Indian exporters amid Trump tariff tension - 'Don't panic, look at silver lining': Piyush Goyal to Indian exporters amid Trump tariff tension BusinessToday
Business Today
ยท
3m ago
Medial
Union Minister Piyush Goyal addressed Indian exporters amidst U.S. tariff tensions, advising them not to panic and focus on potential opportunities. He reassured that the government is monitoring global trade dynamics and actively supporting exporters. In discussions with Export Promotion Councils and industry bodies, Goyal emphasized a proactive approach in New Delhi, encouraging a positive outlook despite rising trade challenges.
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'You canโt walk in there': Trump calls full access to India 'unthinkable' amid trade talks
Economic Times
ยท
18d ago
Medial
U.S. President Donald Trump expressed uncertainty about achieving full trade access to India amid ongoing trade discussions. While hinting at a potential agreement, Trump noted that existing market access restrictions make it challenging to envision unrestricted trade. U.S. Commerce Secretary Howard Lutnick expressed optimism about a deal in the near future, and India's Commerce Minister Piyush Goyal confirmed ongoing negotiations to create a balanced trade agreement. The discussions aim to address tariff and market access issues.
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