India, European Union relaunch talks for free trade agreement; Goyal says pact to help unleash significant untapped potential

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India examining Russia’s proposal of rupee-denominated trade

India is examining Russia’s proposal of putting in place a rupee-denominated payment mechanism for carrying out bilateral trade that will help in navigating Western sanctions, while simultaneously circumvent the cumbersome process of fixing exchange rates between the rupee and the rouble. “To make the rupee-denominated mechanism work, Russia is ready to increase its imports from … Read more

India, Australia likely to sign interim trade pact in March; sensitivities accommodated

Australian trade minister Dan Tehan is visiting the country for talks on an interim or early harvest agreement that would pave way for a wider trade pact between the countries. India and Australia have “respected and accommodated” sensitivities for certain areas and are likely to sign an interim trade agreement in March to promote bilateral … Read more