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Business Trade

India-EFTA Trade Pact Becomes Operational

By BPN News Desk
The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) came into effect on October 1, 2025, as announced by Commerce Minister Piyush Goyal. The pact involves Switzerland, Norway, Iceland, and Liechtenstein. Key Features of the Agreement Under TEPA, EFTA will remove or reduce tariffs on about 92.2% of […]
Business Trade

India–EFTA Pact To Take Effect From October 1

By BPN News Desk
India’s long-awaited trade deal with the European Free Trade Association (EFTA) will officially begin on October 1, 2025. The pact, formally known as the Trade and Economic Partnership Agreement (TEPA), was signed in March 2024 after 16 years of negotiations. Investment Commitments And Economic Goals Under the agreement, EFTA member countries — Iceland, Liechtenstein,
Business Trade

Indian Shrimp Exports Pivot to China

By BPN News Desk
The United States recently imposed a 50% tariff on Indian goods, including shrimp, making Indian exports far less competitive in the U.S. market. This has prompted Indian shrimp exporters to seek alternate destinations to sustain their trade. China Emerges as New Destination Exporters are now turning to China, which is increasingly seen as a promising […]
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Business Trade

India Eyes $100B Trade With Russia

By BPN News Desk
The exit of Western firms from Russia has opened space for Indian exporters to expand their presence. ITE Group CEO said the situation could help bilateral trade between India and Russia reach USD 100 billion in the coming years. Opportunities for Indian Exporters With Western companies pulling out, Indian firms, especially MSMEs, are finding opportunities […]
Business Trade

India Pushes Rice Exports to the Philippines

By BPN News Desk
India is stepping up efforts to expand rice exports to the Philippines, the world’s largest rice importer. In 2024, the Philippines imported rice worth about USD 2.52 billion, while India’s share stood at just USD 48.91 million, reflecting a vast untapped potential for Indian exporters. Export Promotion Mission A delegation of Indian rice exporters will […]
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Business Trade

India Resumes FTA Talks with Eurasian Bloc

By BPN News Desk
India has restarted negotiations for a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), a bloc led by Russia and including Armenia, Belarus, Kazakhstan, and Kyrgyzstan. The two sides signed the Terms of Reference (ToR) in Moscow to formally relaunch talks. The EAEU represents a market with a combined GDP of over $6.5 […]

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