non tariff barriers

US President Donald Trump expressed optimism about reaching a trade agreement with India soon, stating that the previous trade imbalance has now reversed. Both nations have been engaged in constructive negotiations, aiming to finalize an interim trade pact while broader discussions continue. Despite ongoing talks, concerns remain regarding potential US tariffs on imports from several economies, including India.

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India and the US concluded three days of trade talks in Washington, aiming to finalize an interim trade pact and advance negotiations for a broader bilateral agreement. Discussions covered market access, digital commerce, and economic security.

India and New Zealand are set to sign a Free Trade Agreement on April 27, aiming to boost bilateral trade to $5 billion within five years. The pact will offer duty-free access for many Indian exports, benefiting sectors like Agra's leather industry. New Zealand gains tariff reductions on key products, while India protects sensitive agricultural goods.

The Pakistan government will approach India to seek the removal of non-tariff barriers so that bilateral trade relations can be normalised in "real terms", commerce secretary Zafar Mahmood has said.

IMF executive director (India) argues India-US trade policy differences should be addressed by looking at not just import duties but also non-tariff barriers, which hold back Indian service exports

India plans to reduce tariff and non-tariff barriers to deepen trade with the US amid impending tariff threats from Trump. India is open to reducing automobile import duties but not to zero immediately. Amid trade tensions, India sees opportunities for exploring alternative sourcing, especially from Canada, and boosting exports and attracting American investments.

The Commerce and Industry Minister, Piyush Goyal, issued a warning on Tuesday, saying that India will not hesitate to use non-tariff barriers against countries that impose unnecessary registration and compliance requirements or standards and levels of pesticides. Speaking at a meeting of the Board of Trade (BoT), Goyal stated, "I am taking a tough stance on other countries. I have clearly informed them that if they impose these barriers on us, we will do the same in return." He urged businesses to report any such barriers, as India lacks data on non-tariff barriers imposed by other nations.

The US administration is employing tariffs and targeting non-tariff barriers to compel countries to reduce trade obstacles for American goods. These barriers include agricultural regulations, taxation systems like VAT, currency practices, and product standards.

India on Monday urged Japan to remove all non-tariff barriers to enable the benefits under the comprehensive economic partnership agreement (CEPA) to kick in.

Piyush Goyal's visit to Sweden aims to bolster trade and investment ties between the two nations. Discussions at the India-Sweden High-Level Trade and Investment Policy Forum highlighted collaboration potential and the India-EU FTA. Goyal also met with Tetra Pak Sweden to explore sustainable packaging and encouraged Swedish companies to invest in India's growing technology and R&D sectors.

PUNE: NCP president Sharad Pawar has accused European countries of devising new non-tariff barriers to prevent Indian agriculture and dairy exporters from entering the European market.

The India-EU free trade agreement is anticipated to boost technology access and localization efforts for Skoda Auto Volkswagen India, according to MD and CEO Piyush Arora. The pact is expected to enhance product development in India for local and export markets, with easier component access supporting future localization.