All posts tagged: economic partnership

Sergio Gor calls India-US trade talks report 'fake', says talks continue

Sergio Gor calls India-US trade talks report 'fake', says talks continue

Published by Webster

US Ambassador to India Sergio Gor on Monday dismissed a media report claiming that India had rejected a quick trade agreement with the United States, asserting that negotiations between the two countries remain active and constructive. The remarks came after a Reuters report suggested that India had declined to move forward with a fast-tracked trade deal during recent discussions with the US. Both Indian and US officials have rejected the claim, saying negotiations are continuing. Sergio Gor calls report ‘fake news’ Responding to the report, Gor took to social media platform X and said the information published by Reuters was inaccurate. “Fake news alert! No one has rejected anything. Both sides had very constructive meetings and reaffirmed their commitment to finalising a trade deal. We continue to stay actively engaged. Reuters – you can do better!” Gor posted on social media platform X. Fake news alert! No one has rejected anything. Both sides had very constructive meetings and reaffirmed their commitment to finalizing a trade deal. We continue to stay actively engaged. Reuters – you …

Norway backs India for permanent membership in UNSC, says India’s envoy ahead of PM Modi’s visit

Norway backs India for permanent membership in UNSC, says India’s envoy ahead of PM Modi’s visit

Published by Webster

Ahead of Prime Minister Narendra Modi’s visit to Norway, India’s Ambassador to Norway, Gloria Gangte, highlighted the growing momentum in ties between the two countries and underscored Oslo’s support for New Delhi on global issues, including terrorism and reforms in the United Nations Security Council (UNSC). Speaking to IANS, Gangte said, “As you know, this is Prime Minister Modi’s first visit to Norway and is taking place after a gap of 43 years since the last prime ministerial visit from India to Norway, and there are a number of objectives in this. This is taking place at a time of global flex as well as the India-EFTA TEPA agreement, which has a provision for investment by EFTA countries of about 100 billion dollars over 15 years and creation of one million jobs in India.” PM Modi will arrive in Norway on Monday to participate in the 3rd India-Nordic Summit and hold key bilateral engagements with Norwegian leaders, in what is being described as a landmark visit aimed at deepening strategic, economic and regional cooperation between India …

Merz, Lula hail EU-Mercosur deal as antidote to unilateralism

Merz, Lula hail EU-Mercosur deal as antidote to unilateralism

Published by Parlour News

German Chancellor Friedrich Merz hailed the EU’s looming trade deal with South America’s Mercosur bloc on Sunday as he opened a major trade fair in Hanover and welcomed Brazil’s President Luiz Inacio Lula da Silva as a guest of honour. Merz, Lula hail EU-Mercosur deal as antidote to unilateralism Merz described Brazil the largest of the Mercosur countries as a valuable economic and strategic partner for the European Union in a world riven by conflict. Lula joined Merz in casting the deal as a response to tariffs and other trade protectionism, an indirect criticism of US President Donald Trump. “Faced with unilateralism, Mercosur and the European Union have chosen cooperation,” Lula said at the Hanover international trade fair’s opening event. The Brazilian president later added: “We cannot allow the world to bow to the behaviour of a president who thinks that by e-mail or by Twitter he can tax products, punish countries and wage war.” The EU-Mercosur trade deal is set to take provisional effect on May 1, though the agreement still faces a legal …

Trust has become India’s strongest currency: PM Modi in Malaysia | India News

Trust has become India’s strongest currency: PM Modi in Malaysia | India News

Published by Parlour News

4 min readNew DelhiFeb 8, 2026 02:13 AM IST India has seen a “massive transformation” in the last decade and is now seen as a “trusted partner for growth”, Prime Minister Narendra Modi said in Malaysia Saturday, citing recent trade deals with various countries including the UK and the US. “Whether it is the UK, UAE, Australia, New Zealand, Oman, the EU or USA, countries have trade deals with India. Trust has become India’s strongest currency,” Modi said at an Indian community event in Kuala Lumpur hours after arriving on a two-day official visit. He was received at the airport by Malaysian PM Anwar Ibrahim. Modi’s comments came on a day India and the US announced the framework for the interim trade deal. “Earlier, India was seen just as a huge market. Now, we are a hub for investment and trade,” Modi said. “In one decade, India has seen a massive transformation. Then, we were the 11th largest economy in the world. Now, we are knocking on the doors of the Top 3. We are …

India’s Trade Pact With 4-Nation European Bloc: All About Swiss Watches, Chocolates Set to Enter Indian Market

Published by Webster

India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to enhance trade and investments between the two regions, heralding a new era of economic cooperation. As a result of the trade pact, Indian customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices. In return, India will phase out customs duties under its trade pact with the EFTA bloc on these goods. The pact with the European Free Trade Association (EFTA) — consisting of Iceland, Liechtenstein, Norway, and Switzerland — will take up to a year to implement due to the elaborate ratification process of these agreements in different countries. Addressing the media on the signing of the India-EFTA Trade and Economic Partnership Agreement (TEPA), Union Minister of Commerce and Industry Piyush Goyal emphasised that the “fair, equitable and mutually beneficial” agreement will unlock massive trade and investment opportunities for both sides. Trade, Investment The news pact is expected to help India boost its exports of pharmaceuticals, garments, chemicals …