Category: EXIM Updates

Union Commerce and Industry Minister Piyush Goyal held discussions with industry associations and senior ministry officials in New Delhi on May 22nd. Discussions were held on determining measures aimed at strengthening India’s manufacturing sector and expanding export growth. During the interaction, the minister said India is targeting exports worth 1 trillion USD this year and…

India and New Zealand have signed a landmark Free Trade Agreement (FTA), marking a breakthrough in bilateral trade, creating fresh momentum for Indian exports. For global buyers, the FTA sends a clear message: India is becoming an increasingly strategic sourcing destination. Competitive landed costs, large-scale manufacturing depth, skilled talent, and diversified supply chain options make…

India’s total exports of goods and services reached USD 860 billion in the financial year 2025-26, making the highest level recorded to date, according to the Union Minister of Commerce and Industry, Piyush Goyal.   Record Milestone Shows Increased Growth Across Goods and Services Trade   This latest figure represents an increase from USD 825 billion in 2024-25, indicating continued expansion in India’s overall…

The India-UK FTA moves towards implementation. Both countries are on track for an April 2026 start date as soon as contingent approvals from the UK Parliament come through.    Implementation Progress and Market Access The agreement is expected to support tariff reductions and increase bilateral trade flows. Under the CETA (Comprehensive Economic and Trade Agreement), 99% of Indian exports are set to enter the UK…

In a breakthrough shift in global trade policy, the United States has cut tariffs on Indian exports from 25% to around 18%, marking a major shift in trade policy that boosts India’s market access and competitiveness in the world’s largest consumer market. Diplomacy Meets Dollars: The Deal Unpacked The tariff cut follows sustained dialogue between…

India and the European Union have concluded negotiations on a long-awaited free trade agreement, marking a significant milestone in bilateral economic relations after nearly two decades of talks. The free trade agreement was signed during the India-EU summit in New Delhi, attended by Prime Minister Narendra Modi, European Commission President Ursula von der Leyen, and…

India’s export landscape is set for a significant boost as 100% of Australian tariff lines for Indian exports move to zero duty from January 1, 2026, creating fresh momentum for labour-intensive and manufacturing-driven sectors. The announcement was shared by Union Minister of Commerce and Industry Piyush Goyal, underscoring the growing impact of the India–Australia Economic…

Indian exporters are reworking their strategies as US tariffs on goods climb past 50%. FMCG majors like Parle, Amul, ITC, and Titan are considering shifting part of their production abroad, while apparel companies weigh the ‘India + One’ model to stay competitive.