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Showing posts with the label trade

Israel, India Sign 16 MOUs in Jerusalem, Boosting Cooperation in Agriculture and Technology

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  In a major diplomatic and strategic development, Israel and India signed 16 bilateral Memorandums of Understanding (MOUs) during a high-profile press conference in Jerusalem. The agreements were announced as Israeli Prime Minister Benjamin Netanyahu and Indian Prime Minister Narendra Modi addressed the media at the iconic King David Hotel. The signing ceremony underscored the deepening partnership between the two nations, particularly in agriculture, advanced technologies, and innovation-driven collaboration. Key Ministers Lead the Signing Ceremony The agreements were formally signed by Israeli Foreign Minister Gideon Sa’ar and India’s External Affairs Minister Subrahmanyam Jaishankar . According to an official statement from Sa’ar’s office, the agreements focus heavily on agricultural innovation and technological advancement. Both sides emphasized that the partnership aims to enhance food security, sustainability, and rural development through modern scientific methods. Focu...

Modi, Macron Elevate India–France Ties to ‘Special Global Strategic Partnership’

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  Prime Minister Narendra Modi and French President Emmanuel Macron have elevated bilateral ties to a “Special Global Strategic Partnership” , marking a significant milestone in India–France relations. Macron’s fourth state visit to India has been described as a breakthrough moment, reflecting the deepening trust and alignment between the two nations in a rapidly changing global order. During high-level talks and official engagements, both leaders underscored their shared vision of strengthening sovereignty, strategic autonomy, and resilience through enhanced cooperation in key sectors. A “Force for Global Stability” Hosting President Macron in Mumbai’s Lok Bhavan, PM Modi described the India–France relationship as a “force for global stability” in an increasingly uncertain world. According to a joint government statement, both sides reaffirmed their commitment to a rules-based international order , particularly in the Indo-Pacific region. The Indo-Pacific has emerged as a c...

PM Modi to Visit Israel for High-Stakes Talks with Netanyahu on Defence, FTA and Regional Security

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  Prime Minister Narendra Modi is set to travel to Israel later this month for key bilateral discussions with his Israeli counterpart Benjamin Netanyahu , marking a significant moment in India-Israel relations. Official sources indicate the visit is likely to take place on February 27-28, though final dates are yet to be formally announced. This will be Modi’s first visit to Israel during his third term in office and comes nearly nine years after his landmark 2017 trip, which elevated ties between the two nations to a new strategic level. Strengthening Defence and Security Ties Defence cooperation is expected to dominate the agenda during the high-level talks. Over the past decade, Israel has emerged as one of India’s most important defence technology partners. From advanced missile systems and drones to cutting-edge surveillance and air defence platforms, Israel supplies several critical systems to the Indian armed forces. The two countries have also significantly expanded collab...

PM Narendra Modi Announces Reduced 18% US Tariff on Made in India Products

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  India–US Trade Ties Get a Major Boost Prime Minister Narendra Modi has announced a significant breakthrough for Indian exports, stating that Made in India products will now face a reduced US tariff of 18 per cent . The announcement was made through a social media post following his conversation with United States President Donald Trump, highlighting a positive step forward in India–US trade relations. The tariff reduction is part of a broader understanding between the two countries aimed at enhancing bilateral trade and strengthening economic cooperation between the world’s two largest democracies. Modi–Trump Conversation Sets the Tone Prime Minister Modi described his interaction with President Trump as “wonderful,” referring to the US President as his “dear friend.” He emphasised that when two large economies collaborate, it creates opportunities that benefit people on both sides. The Prime Minister noted that cooperation between India and the United States unlocks imme...

India–UAE AI Corridor: A Strategic Partnership Driving Innovation and Execution

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              India–UAE AI Collaboration: Innovation Meets Execution in Artificial Intelligence India and the United Arab Emirates (UAE) are elevating their strategic partnership through artificial intelligence, establishing a corridor that connects South Asia with the Middle East. With Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan mapping cooperation across nuclear energy, AI, defence , energy security, and counter-terrorism, emerging technologies have become a key area of focus. The collaboration envisions creating a supercomputing cluster in India and exploring UAE investments in data centre capacity. Discussions also highlighted the concept of “Digital Embassies,” based on mutually recognized digital sovereignty. Notably, Sheikh Mohamed has endorsed India’s proposal to host the AI Impact Summit in February 2026, signaling a shared commitment to innovation and global leadership in AI. UAE: The Execution Leader...

Canadian PM Mark Carney Likely to Visit India in Early March to Sign Key Energy, AI and Uranium Deals

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  Canada’s Prime Minister Mark Carney is likely to visit India in the first week of March, with several strategic agreements expected to be signed across uranium, energy, critical minerals and emerging technologies such as Artificial Intelligence, India’s High Commissioner to Canada, Dinesh Patnaik, has said. The visit, if confirmed, would mark a significant reset in India–Canada relations after a prolonged period of diplomatic strain. Speaking in an interview, Mr. Patnaik said preparations were underway for what could be a landmark bilateral engagement. While Mr. Carney’s office has not officially confirmed the dates, both sides appear keen to move swiftly on cooperation areas that align with their long-term economic and strategic priorities. Diversifying Canada’s Global Alliances Mr. Carney’s proposed India visit comes at a time when Canada is actively diversifying its international partnerships beyond the United States, its largest trading partner. Addressing the World Economi...

‘Mother of All Deals’: India-EU FTA Set to Supercharge Manufacturing, Services and Investor Confidence

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  Prime Minister Narendra Modi addressing the India Energy Week, highlighting the India-EU Free Trade Agreement as a major boost to manufacturing and services. Prime Minister Narendra Modi on Tuesday described the India-European Union Free Trade Agreement (FTA) as the “mother of all deals”, underlining its transformative potential for India’s manufacturing and services sectors. Speaking while inaugurating the India Energy Week virtually, the Prime Minister said the long-awaited trade pact will significantly strengthen investor confidence in India and reinforce global supply chains. The conclusion of negotiations for the FTA is set to be formally announced at the India-EU Summit in Delhi, marking a historic breakthrough after years of complex and often stalled discussions. Boost for Manufacturing and Services Prime Minister Narendra Modi says the India-EU Free Trade Agreement, dubbed the “mother of all deals”, will boost manufacturing, expand services, strengthen investor confidenc...

India–UAE Relations Scale New Heights with Strategic Defence and Space Pacts

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  PM Narendra Modi welcomes UAE President Sheikh Mohamed bin Zayed Al Nahyan in New Delhi during bilateral talks on strategic defence partnership. India and the United Arab Emirates took a major step forward in defence cooperation with the signing of a Letter of Intent (LoI) establishing a Strategic Defence Partnership framework during UAE President Sheikh Mohamed bin Zayed Al Nahyan’s official visit to New Delhi on January 19. The agreement marked one of the most significant outcomes of the three-hour bilateral summit between Prime Minister Narendra Modi and the UAE President. Foreign Secretary Vikram Misri described the discussions as “ extremely substantive ,” underscoring the strategic depth and growing trust between the two countries. Warm Reception and High-Level Engagements India and the UAE signed a strategic defence partnership Letter of Intent during UAE President Sheikh Mohamed bin Zayed Al Nahyan’s visit, strengthening military, space, trade and geopolitical cooperat...

India–EU Trade Deal Nears Finish Line

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  India and the European Union are on the verge of finalizing a major trade deal by January 27 , marking a significant breakthrough in their long-running economic negotiations. Breakthrough in Strategic Trade Talks India and the European Union are on the verge of finalizing a major trade deal by January 27 , marking a significant breakthrough in their long-running economic negotiations. The agreement is expected to serve as a key milestone within the broader India–EU Free Trade Agreement (FTA) framework, reflecting renewed momentum and political commitment on both sides. Boost to Economic and Market Access The upcoming deal aims to enhance market access, reduce trade barriers, and strengthen cooperation across priority sectors such as manufacturing, services, digital trade, and green technologies. For India, the agreement supports export growth and supply-chain integration, while the EU stands to benefit from deeper access to one of the world’s fastest-growing major economies...

India–Germany Enter a New Strategic Phase: From Partnership to Powerhouse Cooperation

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  German Chancellor Friedrich Merz with Indian leadership during his official visit marking a new phase in India–Germany strategic relations. German Chancellor Friedrich Merz’s first official visit to India marks a decisive moment in bilateral relations, coinciding with 25 years of the India–Germany Strategic Partnership and 75 years of diplomatic ties. The timing is geopolitically significant, coming just ahead of the visit of European Union leaders for India’s Republic Day celebrations and the upcoming India–EU Summit. Together, these developments underline India’s growing centrality in Europe’s strategic calculus and Germany’s intent to elevate its engagement with New Delhi beyond trade into a comprehensive strategic partnership. The visit was notable for its outcome-driven diplomacy. With the signing of 19 agreements and memoranda of understanding (MoUs), India and Germany signalled a shared intent to align more closely on defence, technology, climate action, skills, and globa...

India–EU FTA Talks Gain Momentum

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  India and the European Union took a significant step toward finalising a long-awaited Free Trade Agreement as Union Commerce and Industry Minister Piyush Goyal held high-level talks with EU Trade Commissioner Maroš Šefčovič in Brussels.  The discussions focused on narrowing differences, boosting market access, and strengthening cooperation across key sectors such as trade, investment, sustainability, and supply chains. Both sides reiterated their commitment to accelerating negotiations, reflecting growing strategic and economic convergence between India and the EU amid shifting global trade dynamics.

India Becomes World’s 4th-Largest Economy

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  India has overtaken Japan to become the world’s fourth-largest economy, with a GDP size of $4.18 trillion , marking a major milestone in the country’s economic rise. Strong domestic demand, sustained government spending on infrastructure, a growing manufacturing base, and rapid expansion in services have driven this achievement. The global economic ranking is now led by the United States ($30.5 trillion) , followed by China ($19.2 trillion) and Germany ($4.7 trillion) , with India closing the gap fast. Economists note that India’s young workforce, digital transformation, and reforms aimed at improving ease of doing business continue to strengthen its growth outlook. With momentum on its side, India is increasingly seen as a key engine of global growth, positioning itself for further advances among the world’s largest economies in the coming years.

Australia Opens Doors to Indian Exports

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  Australia will remove all tariffs on Indian goods starting January 1 under the India–Australia Economic Cooperation and Trade Agreement (ECTA). The move marks a major boost for bilateral trade, giving Indian exporters duty-free access to the Australian market across sectors such as textiles, leather, jewellery, engineering goods and pharmaceuticals. The tariff elimination is expected to enhance India’s export competitiveness, lower costs for Australian consumers, and deepen economic ties between the two countries. With ECTA in full effect, trade volumes are set to rise, reinforcing the growing strategic and economic partnership between India and Australia.