India and Russia have enjoyed a strong partnership for decades. This collaboration spans various domains, including politics, security, trade, and culture. In 2019, Prime Minister Shri Narendra Modi and President Vladimir Putin set ambitious trade targets, which have been surpassed with bilateral trade now exceeding $60 billion. During the recent...
Commerce and Industry Minister Piyush Goyal is currently in Switzerland to oversee the implementation of the India-EFTA Trade and Economic Partnership Agreement (TEPA). The Minister had discussions with potential investors in Zurich and informed them about huge investment opportunities in India. Image credit: Hindustan Times Union Commerce and Industry Minister...
The India-Bangladesh Friendship Bridge, or ‘Maitri Setu’, symbolizes the further strengthening of bilateral trade relations. Scheduled to open for passenger movement in September, the 1.9-km bridge over the Feni River connects Sabroom in south Tripura to Ramgarh in Bangladesh. This significant development will enhance connectivity in India’s northeastern region, positioning...
Brazil is a key trade partner for India in the Latin American region. It is part of the MERCOSUR bloc, with which India has a Preferential Trade Agreement (PTA). The two sides are currently in the middle of negotiations to expand the scope of this PTA. India’s merchandise exports to...
India has just signed a pivotal Trade and Economic Partnership Agreement (TEPA) with EFTA countries, a group that comprises Switzerland, Iceland, Norway & Liechtenstein, on March 10, 2024. The deal marks another successful culmination of India’s efforts to fast track such agreements with important trade partners. A key highlight of...
Founded in 1960, EFTA facilitates free trade for countries outside the European Community, and currently includes Switzerland, Norway, Iceland and Liechtenstein. Negotiations on a broad-based India-EFTA Trade and Investment Agreement were officially launched in January 2008, based on recommendations made by a Joint EFTA-India Study Group. The 21st round of discussions...
Chile ranks as one of the most dynamic economies in Latin America today, with boasts political stability, a robust legal framework, a business-friendly environment, and market access. The existing India-Chile Preferential Trade Agreement (PTA), which was originally signed on March 8, 2006, and came into effect in September 2007, was...
The India Middle East Europe Economic Corridor (IMEC) is a transnational rail and shipping route spanning two continents, aimed at boosting economic development by enhancing connectivity and integration between Asia, the Arabian Gulf, and Europe. A Memorandum of Understanding (MoU) has been signed by Saudi Arabia, the European Union, India,...
India and the US share a vision of trust and mutual understanding, with the four million-strong Indian American diaspora and robust educational exchanges acting as pillars of strength for their strategic alliance. Both countries place significant importance on their Food and Beverage sector, fostering cultural ties and economic growth through...
Saudi Arabia Crown Prince Mohammed bin Salman’s state visit to India signifies a desire to strengthen bilateral relations between the two nations, through trade agreements and investments. The fastest-growing economies India and Saudi Arabia aim at doubling bilateral trade, from about US$52 billion at present to US$100 billion in the...
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