Russia
Trade News
India, UK resolve steel quota issue; CETA rollout from July 15
The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom will come into force from July 15 with both sides reaching an understanding on the last-leg issues around Britain’s steel safeguard measures. The date for Entry into Force (EIF) of the agreement was announced by UK Prime Minister Keir Starmer and Prime Minister Narendra Modi after their meeting on the sidelines of the G-7 Summit at Evian in France.
India, US may execute 1st phase of bilateral trade pact by mid July: Goyal
India and the US are moving towards closing all the open ends of the interim trade agreement, and both sides are likely to execute the "very, very vibrant" first phase of the pact by the middle of next month, Commerce and Industry Minister Piyush Goyal said on Friday. He said that the US team was in New Delhi from June 2-4 for finalisation of the deal. They held discussions with the Indian team.
Strategic sectors driving the next stage of India–Russia economic cooperation
New frontiers of energy cooperation, trade and industrial partnerships, and critical minerals are emerging as the next stage in burgeoning India-Russia economic partnership. Representatives of the Trade Representation of the Russian Federation in India recently participated in the high-level meet “India-Russia: Expanding Frontiers of Special & Privileged Strategic Partnership”, organised by Indo Russia 'Innopraktika' Technology Hub with the participation of selected audience comprising government officials, industry representatives, experts and academia.