JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Negotiations between India and the European Union (EU) for a Free Trade Agreement (FTA) have made significant progress, despite ongoing differences over steel and automobile trade policies, according to government sources.
The talks, led by India’s Ministry of Commerce and Industry, aim to finalise key chapters related to goods, services, investment protection, and sustainable trade. Both sides are working to resolve issues linked to tariff structures, carbon border measures, and market access for critical sectors.
The EU has expressed concern over India’s import duties on automobiles and requested greater alignment with its Carbon Border Adjustment Mechanism (CBAM) — a policy that impacts high-emission goods such as steel and aluminium. India, on the other hand, has sought tariff concessions for textiles, pharma, and engineering goods, while protecting its domestic steel industry from unfair competition.
Officials noted that the negotiations are moving forward constructively, with the next round expected later this year. If finalised, the deal could boost bilateral trade beyond $200 billion and create new opportunities for exporters on both sides.
Industry observers believe the agreement could mark a turning point in India–EU economic cooperation and strengthen supply chain resilience.
Also Read : UK Steel Warns of Mounting Threats to Welsh Industry UK exits energy charter treaty over net-zero misalignment
Titagarh Rail on Sunday, February 17, said it has received an order from the Ministry of Defence to...
Logistics 17-Feb-2024
Mining company Vedanta Ltd will invest $4 billion over the next three years to increase oil producti...
Mid Corporate 06-Feb-2024
The Ministry of Commerce and Industry released data on Thursday showing that the index of eight esse...
Business 29-Mar-2024
Vedanta Sesa Goa's Chief Operating Officer (COO), Mining, Krishna Reddy, affirmed the company's dedi...
Mid Corporate 23-Jan-2024
Additional Secretary, Ministry of Coal, M. Nagaraju underlined the crucial role of coal gasification...
Notification 22-Feb-2024
In Gujarat, the billionaire Gautam Adani's group is constructing the largest renewable energy park i...
Renewables 26-Mar-2024