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PM Modi speaks to Italian counterpart Meloni; discusses EU-India FTA, Ukraine conflict
Economic Times
·
1d ago
Medial
Prime Minister Narendra Modi held discussions with Italian Prime Minister Giorgia Meloni on the proposed India-EU free trade agreement and the Ukraine conflict. Modi expressed gratitude for Italy's support for the trade agreement and the India-Middle East-Europe Economic Corridor initiative, aimed at bolstering regional connectivity. Both leaders reaffirmed their commitment to strengthening the strategic partnership. India and the EU are working to finalize the free trade agreement, with the 13th round of negotiations taking place in New Delhi.
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Putin invites PM Modi as India seeks to broker Russia-Ukraine peace talks
Money Control
·
12m ago
Medial
Russian President Vladimir Putin has invited Indian Prime Minister Narendra Modi for bilateral talks on the sidelines of the BRICS summit in October. The invitation is notable as India is reportedly playing a crucial role in brokering a peace deal between Ukraine and Russia. This comes after National Security Advisor Ajit Doval held talks with his Russian counterpart in St. Petersburg and discussed issues of mutual interest. A meeting between Modi and Putin would focus on strengthening bilateral ties, regional and global issues, energy cooperation, trade, and defense collaboration. Both leaders have maintained a close relationship.
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India–UK FTA: PM Modi announces historic trade deal with major tariff eliminations in many sectors; check details
Business Today
·
4m ago
Medial
Prime Minister Narendra Modi announced a historic Free Trade Agreement (FTA) between India and the UK, enhancing economic partnership through significant tariff reductions. Key features include zero-duty access for many Indian exports to the UK and the reduction of tariffs on UK whisky, gin, and automobiles imported to India. This FTA aims to boost India's export competitiveness while presenting challenges to Indian liquor companies due to increased competition in the premium segment.
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India-EU Free Trade Agreement feasible by end of 2025: S Jaishankar
Economic Times
·
3m ago
Medial
India prioritizes its relationship with the EU, focusing on securing a Free Trade Agreement (FTA) by the end of 2025. External Affairs Minister S. Jaishankar, after discussions with EU officials, expressed optimism about the FTA's progress, highlighting its significance amidst broader bilateral cooperation in defense, security, and education. Jaishankar also discussed India's diplomatic perspectives on global issues, emphasizing the need for negotiated solutions in conflicts such as Russia-Ukraine and mentioning India's balanced approach toward China.
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G20 Summit: PM Modi calls for crypto regulation, cyberspace security and human-centric AI governance
Economic Times
·
2y ago
Medial
During the G20 Summit, Indian Prime Minister Narendra Modi emphasized the need for the regulation of cryptocurrencies, cybersecurity measures, and governance of artificial intelligence that prioritizes human welfare. He pointed out that cyberspace has become a funding source for terrorism and advocated for global cooperation in establishing a cybersecurity framework. Indian officials worked tirelessly in recent months, including through ministerial and Sherpa tracks, to reconcile differences and reach a consensus on the Leaders' Summit Declaration, particularly concerning the Ukraine-Russia conflict.
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UK-India Week hears how FTA concluded over ice creams in London's Hyde Park
Economic Times
·
2m ago
Medial
India and the UK concluded a landmark Free Trade Agreement (FTA) during a walk in London's Hyde Park, where Indian Commerce Minister Piyush Goyal was treated to ice cream by his UK counterpart, Jonathan Reynolds. The FTA, expected to double bilateral trade to USD 120 billion by 2030, ensures stable tariff rates and encourages investment and collaboration. Goyal emphasized the FTA’s benefits and addressed misconceptions about temporary workers related to social security taxes.
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India, Singapore Ink Pacts On Digital Technologies, Semiconductors & Others To Boost Ties
Inc42
·
1y ago
Medial
Indian Prime Minister Narendra Modi and his Singaporean counterpart Lawrence Wong signed agreements during their bilateral meetings. Modi announced the establishment of an Invest India office in Singapore and encouraged Singaporean businesses to invest in India. He also invited Singaporean semiconductor companies to attend the Semicon India exhibition in Greater Noida.
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EU proposes sanctions on Indian, Chinese and other firms for aiding Russia
Livemint
·
1y ago
Medial
The European Union has proposed trade restrictions on approximately 24 companies, including three from China, for allegedly supporting Russia's actions in Ukraine. This would be the first time the EU imposes restrictions on Chinese firms in relation to the Ukraine conflict. The list also includes companies from Hong Kong, Serbia, India, and Turkey. The proposed restrictions aim to prevent European firms from trading with these listed companies, as part of the EU's efforts to control Russia's access to sanctioned goods. The sanctions need approval from all member states before adoption.
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India-EU trade pact talks need political directions for meaningful deal
YourStory
·
9m ago
Medial
India and the European Union (EU) are in discussions for a free trade agreement (FTA), aiming for a balanced and mutually beneficial deal. The negotiations, which have gone through nine rounds of intense engagement, require political directions to reach a commercially meaningful agreement while considering each other's sensitivities. Commerce and Industry Minister Piyush Goyal emphasized the need for any sustainability discussions to account for the principle of 'Common But Differentiated Responsibility (CBDR)' and the different paths of development. The FTA with the EU would help India expand its export market and secure value chains.
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EU buys more LNG from Russia, less from US
Economic Times
·
1m ago
Medial
The European Union's imports of liquefied natural gas (LNG) from Russia have increased since the Russia-Ukraine conflict began in 2022, while imports from other countries, including the United States, have decreased. According to research by the Finnish Centre for Research on Energy and Clean Air (CREA), Russian LNG imports rose 9% year-on-year, with the EU spending $8.5 billion on Russian LNG in 2024. Despite sanctions, the EU struggles to secure non-Russian gas supplies.
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Five chapters finalised in India-EU FTA
Economic Times
·
3m 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 India’s 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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