trade deals

Amid the lack of rainfall in India, the world food-supply is facing serious consequences, across the world. The biggest exporter of rice, India faced scarcity of rain in many regions, which has caused food supply to other nations. In addition, in West Bengal, Uttar Pradesh's 13% area for rice production, declined, especially when India is facing price rises and inflation. Notably, India is responsible for 40% of the global rice trade.

Commerce Minister Piyush Goyal and US Trade Representative Katherine Tai relaunched the Trade Policy Forum (TPF) and agreed to engage on issues that are affecting the trade between the two countries. The bilateral commerce between India and the US is expected to cross USD 100 billion in 2021. Further, both sides expressed satisfaction over the robust rebound in merchandise trade, which showed 50 percent growth over the same period since 2020… read-more

Australian Trade Envoy Tony Abbott had visited India last week to discuss the trade agreements between the two nations. He described India as an "emerging democratic superpower" and said that this deal would be a sign to the democratic world not to be dependent on China. "Under (PM) Modi, India has revived the Quadrilateral Security Dialogue, and the first in-person Quad summit is expected in this year, said Abbott. 

India and Canada are likely to restart negotiation over the Comprehensive Economic Partnership Agreement (CEPA), overdue since 2017, in April 2020. A government official stated that several virtual meetings were held between the two countries. Moreover, through CEPA, India aims to boost job opportunities for IT professionals in Canada, enabling easier work visas. Meanwhile, Canada will focus on the expansion of agricultural trade with India… read-more

British PM Boris Johnson will be visiting India in April amid the UK's ongoing effort to boost trade relations between the countries. It will be his first major international trip after Britain’s exit from the European Union. Reportedly, Britain aims to zoom in on Indo-Pacific regions as part of its Integrated Review of government policy. Earlier, Johnson was invited to attend India's Republic Day Parade, though he could not come due to COVID… read-more