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Senior officials of <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> and the UK held negotiations last month on the outstanding issues of the proposed <keyword id="19945642" type="General" weightage="20" keywordseo="free-trade-agreement" source="keywords">free trade agreement</keyword> (<keyword id="20000557" type="General" weightage="20" keywordseo="FTA" source="keywords">FTA</keyword>) and the work is in progress to iron out the differences. According to the <keyword id="19910473" type="General" weightage="20" keywordseo="commerce-ministry" source="keywords" meta.keywordsubtype="org" meta.entityname="commerce ministry" meta.hostid="261" meta.entityid="commerce ministry">commerce ministry</keyword>, the Indian team visited London from April 16-19 for negotiations. "The teams have made good progress and work is in progress in resolving pending issues. Chapter-wise textual negotiations are nearly closed and schedules on goods and services are at an advanced stage of negotiations," the ministry said. The ministry, however, did not disclose further details. So far, 13 rounds of talks have been completed. The 14th round started in January. There are 26 chapters in the agreement, including goods, services, investments, and intellectual property rights. The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in the UK market, besides market access for several goods at nil customs duty. On the other hand, the UK is seeking a significant cut in import duties on goods such as scotch whiskey, electric vehicles, lamb meat, chocolates, and certain confectionary items. Britain is also looking for more opportunities for UK services in Indian markets in segments like telecommunications, legal and financial services (banking and insurance). The <keyword id="19895950" type="General" weightage="20" keywordseo="bilateral-trade" source="keywords">bilateral trade</keyword> between India and the UK increased to USD 20.36 billion in 2022-23 from USD 17.5 billion in 2021-22. On the India-European Union (EU) trade pact, the ministry said the eighth round of talks is scheduled from June 24-28 in Brussels. On May 7, the stocktaking meeting on the agreement between the Indian commerce secretary and EU director general was held. The last round of talks were completed in February. Further, the chief negotiators of India and South American nation Peru are likely to hold the next rounds of talks for a proposed FTA in July. Seven rounds of talks have been completed so far. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/virat-kohli-backed-go-digit-ipo-subscription-opens-today-all-you-need-to-know/slidelist/110137661.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/virat-kohli-backed-go-digit-ipo-subscription-opens-today-all-you-need-to-know/slidelist/110137661.cms" target="_blank">Virat Kohli-backed Go Digit IPO subscription opens today — all you need to know</a><a href="https://www.businessinsider.in/tech/news/google-i/o-2024-highlights-ask-photos-ai-overviews-ai-fraud-protection-and-more-announced/articleshow/110143756.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/google-i/o-2024-highlights-ask-photos-ai-overviews-ai-fraud-protection-and-more-announced/articleshow/110143756.cms" target="_blank">Google I/O 2024 highlights: Ask Photos, AI Overviews, AI fraud protection and more announced</a><a href="https://www.businessinsider.in/business/auto/news/tvs-iqube-gets-a-new-variant-priced-under-1-lakh-st-variant-gets-a-bigger-battery/articleshow/110121391.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/tvs-iqube-gets-a-new-variant-priced-under-1-lakh-st-variant-gets-a-bigger-battery/articleshow/110121391.cms" target="_blank">TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery</a>

India-UK trade pact: Work in progress to resolve pending issues

In a major <keyword id="22639726" type="General" weightage="20" keywordseo="diplomatic-breakthrough" source="keywords">diplomatic breakthrough</keyword>, India and China have struck an agreement to defuse tensions along the <keyword id="20140251" type="General" weightage="20" keywordseo="Line-of-Actual-Control" source="keywords">Line of Actual Control</keyword> (LAC), which have been ongoing since the deadly clashes in the Galwan Valley in 2020. The deal, announced just days before the <keyword id="21003379" type="General" weightage="20" keywordseo="BRICS-summit" source="keywords">BRICS summit</keyword>, marks the first concrete step towards restoring peace between the two nations since the conflict began. It includes a structured patrolling plan and <keyword id="23643398" type="General" weightage="20" keywordseo="troop-withdrawals" source="keywords">troop withdrawals</keyword> aimed at preventing future confrontations in the <keyword id="20224053" type="General" weightage="20" keywordseo="Ladakh-region" source="keywords">Ladakh region</keyword>. Indian Foreign Minister <keyword id="20508657" type="General" weightage="20" keywordseo="S-Jaishankar" source="keywords">S. Jaishankar</keyword> described the agreement as a return to pre-2020 conditions, effectively resetting the status quo along the contested border. Troops from both sides will be pulled back to avoid face-offs, while joint patrols will be carried out according to a mutually agreed schedule. This is a notable shift from the tense, militarised standoff that has gripped the LAC over the past four years, where tens of thousands of soldiers were stationed in extreme high-altitude conditions. A key feature of the agreement is the creation of a regular monitoring system to ensure compliance. Monthly review meetings will be held to track progress, signalling a long-term commitment to peace. This structured approach, involving both military and diplomatic channels, could lay the foundation for more robust confidence-building measures. The pact also carries significant economic implications. While India had increased scrutiny of Chinese investments post-2020, bilateral trade has continued to rise, with Indian imports from China surging 56% in recent years. Experts see this agreement as a crucial step toward normalising broader diplomatic and economic ties, potentially allowing stalled business projects to resume. Despite the optimism, challenges remain. Experts caution that this is just the first step in what will be a long road to lasting peace. As former Indian military commander Deependra Singh Hooda noted, “At least the impasse has been broken,” but further confidence-building measures will be critical. The resolution of this border dispute could pave the way for deeper cooperation between the two nations, especially in a global context where both India and China are key players in shaping regional stability. For now, the world watches to see how this agreement will unfold in the months to come.

India and China just reached a landmark agreement to de-escalate border tensions! Here's what happens now

Earlier this week, former US President Donald Trump revealed that Indian Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> is scheduled to meet with him next week. This potential gathering, set against the backdrop of Trump’s bid for a return to the White House, highlights how global leaders are positioning themselves in anticipation of possible changes in US leadership. “He happens to be coming to meet me next week, and Modi, he’s fantastic,” Trump said on Tuesday during a town hall event in Flint, Michigan, while discussing free trade and US job protection. He even went on to call India a “very big abuser” in trade, Al Jazeera reported. Most likely, Prime Minister Narendra Modi meeting up with Trump could be an acknowledgment of the latter's potential return to power in the November election, as foreign leaders carefully navigate diplomatic relations with key US political figures. However, neither the Trump campaign nor India’s Ministry of External Affairs have clearly commented on the matter yet, meaning that the Indian leader’s plans of a tête-à-tête with ex US President Trump are foggy at best. During a press conference, foreign secretary <keyword id="20181706" type="General" weightage="20" keywordseo="vikram-misri" source="keywords">Vikram Misri</keyword> said, "there are many meetings with the Prime Minister right now which we are trying to fix. Right now, I will not be able to tell you about any specific meeting, whether the meeting has been fixed or not." "We are looking from all angles as to how much time we have and with whom we can hold meetings. We will keep updating you about the meetings," he added. <div type="Article" hostid="261" msid="113444882" title="Trump says PM Modi will meet him during US visit, calls him &amp;#39;fantastic&amp;#39;" mstype="2" mssubtype="0"></div>What we do know with certainty is that Mr Modi is indeed scheduled to travel to the US over the weekend and his calendar is going to be jam-packed. His visit coincides with his planned participation at the <keyword id="23145156" type="General" weightage="20" keywordseo="Quad-Leaders-Summit" source="keywords">Quad Leaders Summit</keyword> (including representatives from Australia, India, Japan and the US) in Wilmington, Delaware, hosted by President Joe Biden. As per a White House official, the meet-up will feature "ambitious announcements in multiple areas such as maritime security, high-quality infrastructure and critical and emerging technologies to demonstrate the group’s endurance". Prime Minister Modi will have bilateral meetings with President Biden, Japanese Prime Minister Fumio Kishida, and Australian Prime Minister Anthony Albanese on Sunday, following the conclusion of the Quad Summit. A special event, the Cancer Moonshot initiative, is also scheduled on the sidelines of the summit. In his meeting with President Biden, India and the US are anticipated to sign several agreements, including those related to the Indo-Pacific Economic Framework and a memorandum of understanding (MoU) on drug frameworks. Foreign Secretary Vikram Misri stated that Modi and Biden will review the comprehensive global strategic partnership between India and the US, which spans over 50 areas of engagement and bilateral dialogue mechanisms. <div type="Article" hostid="261" msid="113085171" title="India is likely to benefit if Trump wins US elections, per Nomura Global Research" mstype="2" mssubtype="0"></div>Both leaders will also assess progress in areas of cooperation, though tensions remain due to the alleged assassination plot involving Khalistani leader Gurpatwant Singh Pannun. The investigation is ongoing, and India has formed a committee to examine the accusations. This visit may serve to ease some of the friction in the relationship. Defence cooperation remains a key area of collaboration between India and the U.S., including agreements on the procurement of 31 MQ-9B Predator drones, joint manufacturing of Stryker Infantry Combat Vehicles, and co-production of GE F414 engines in India. The Ukraine conflict is also expected to be a topic of discussion. Prime Minister Modi is supposed to attend the "Modi &amp; US" community event at the Nassau Veterans Memorial Coliseum in Long Island. The event, already overbooked with more than 24,000 Indian Americans registered for a venue with a capacity of 15,000, has attracted attendees from 42 states, especially the tri-state area. Additionally, PM Modi will allegedly lead a roundtable with CEOs of American companies working in fields like AI, quantum computing, biotechnology, and cutting-edge technology. Lastly, on September 23, Modi will address global leaders at the United Nations' Summit of the Future (SOTF) and is expected to hold bilateral meetings with other heads of state attending the UN General Assembly. Obviously, squeezing in a meeting with Trump and Democrat Candidate Kamala Harris (you know, to balance things out) seems unlikely given Mr Modi’s tight schedule. But we’ll have a clearer picture only in the coming days. <div type="Article" hostid="261" msid="111770277" title="PM Modi likely to address high-level UNGA session on Sep 26" mstype="2" mssubtype="0"></div>

Why is Indian Prime Minister Narendra Modi visiting the US this weekend?

<keyword id="19895045" type="General" weightage="20" keywordseo="Singapore" source="keywords">Singapore</keyword>, September 5 (ANI): <keyword id="2504197" type="General" weightage="20" keywordseo="India-and-Singapore" source="Orion">India and Singapore</keyword> elevated their <keyword id="20009959" type="General" weightage="20" keywordseo="bilateral-relations" source="keywords">bilateral relations</keyword> to the level of <keyword id="20564653" type="General" weightage="20" keywordseo="Comprehensive-Strategic-Partnership" source="keywords">Comprehensive Strategic Partnership</keyword>, on Thursday, during the visit of <keyword id="19898052" type="General" weightage="20" keywordseo="Prime-Minister-Narendra-Modi" source="keywords">Prime Minister Narendra Modi</keyword>. Prime Minister Modi and Singapore PM <keyword id="20610066" type="General" weightage="20" keywordseo="Lawrence-Wong" source="keywords">Lawrence Wong</keyword> met at the Parliament House in Singapore on Thursday. The two leaders, along with their delegations, held the bilateral meeting. Following this, the two sides exchanged four MoUs in the areas of digital technology, semiconductor, skill development and healthcare. Prime Minister Modi invited PM Lawrence Wong to visit India, which he accepted. At their talks, both leaders reviewed the progress of India - Singapore bilateral relations. "Given the breadth and depth of bilateral ties and immense potential, they decided to elevate the relationship to a Comprehensive Strategic Partnership. This would also give a major boost to India's Act East Policy," the Ministry of External Affairs said in a statement. Taking stock of the robust progress in <keyword id="20900218" type="General" weightage="20" keywordseo="economic-ties" source="keywords">economic ties</keyword>, the leaders called for further expanding <keyword id="20344229" type="General" weightage="20" keywordseo="trade-and-investment" source="keywords">trade and investment</keyword> flows between the two countries. Prime Minister highlighted that Singapore, with an investment of around USD 160 billion in the Indian economy, is a leading economic partner for India. He further noted that rapid and sustained growth in India has opened up immense investment opportunities for Singaporean entities. The two leaders also reviewed existing cooperation in the fields of defence and security, maritime domain awareness, education, AI, Fintech, new technology domains, science and technology, and knowledge partnership. They further called for strengthening connectivity between the countries to enhance economic and people-to-people ties. They also called for acceleration in green corridor projects. PM Modi and PM Wong also discussed the outcome of the 2nd India - Singapore Ministerial Roundtable held in Singapore in August 2024. "Noting that the Ministerial Roundtable is a unique mechanism, the leaders appreciated the work done by senior ministers from both sides in deliberating and identifying a new agenda for bilateral cooperation. The leaders called for accelerated action under the pillars of cooperation identified during the Ministerial Roundtables - Advanced Manufacturing, Connectivity, Digitalisation, Healthcare &amp; Medicine, Skills Development and Sustainability," the release stated. The leaders underscored that the cooperation under these pillars, particularly in the areas of semiconductors and critical and emerging technologies, opens a new chapter in bilateral relations, making our ties future-orientated. The discussion also covered celebration of 60th anniversary of bilateral relations in 2025. Highlighting that cultural connect between the two countries is an important component of these ties, Prime Minister announced that India's first Thiruvalluvar Cultural Centre would be opened in Singapore, the release added. The leaders also exchanged views on important regional and global issues of mutual interest, including India - ASEAN relations and India's vision for the Indo-Pacific Terming Singapore an "important anchor" of India's Act East Policy, Prime Minister Narendra Modi appreciated the elevation of ties. He further emphasised that the two nations are connected by shared belief in democratic value, and also appreciated the increased cooperation in the field of skilling, defence, connectivity. Taking to social media platform X, PM Modi stated, "The discussions with my friend, PM Lawrence Wong continued today. Our talks focused on boosting cooperation in areas like skilling, technology, healthcare, AI and more. We both agreed on the need to boost trade relations." <div type="twitter" handle="narendramodi" handlename="narendramodi" favoritecount="0" retweetcount="0" id="1831541591275651268"></div> Speaking at the meeting, PM Modi, "Singapore is also an important anchor of our Act East policy. Shared belief in democratic values connects us to each other. I am happy that I have got the opportunity to visit Singapore at the beginning of my third term." The Prime Minister highlighted that the trade between the two countries has more than doubled in the last 10 years. He also noted that 17 satellites of Singapore have been launched from India in last 10 years. "A decade of our strategic partnership is being completed. Our trade has more than doubled in the last ten years. Mutual investment has increased almost three times to cross USD 150 billion. Singapore was the first country with which we launched the Person to Person payment facility of UPI," PM Modi said. "In the last ten years, 17 satellites of Singapore have been launched from India. Our cooperation has gained momentum from skilling to defence sector. The agreement between Singapore Airlines and Air India has strengthened connectivity. I am happy that today we are together giving our relations the shape of a Comprehensive Strategic Partnership," he added.. Recalling age-old ties between the two nations, PM Modi thanked Singapore for the respectful treatment of freedom fighter Subhash Chandra Bose. He added that the bilateral ties will complete 60 years in 2025. "The 3.5 lakh people of Indian origin living in Singapore are the strong foundation of our relations. We are forever grateful to the whole of Singapore for the place and respect that Subhash Chandra Bose, Azad Hind Fauj and Little India have received in Singapore. Our relations are going to complete 60 years in 2025. To celebrate this with pomp and show, work should be done to create an Action Plan in both the countries," the Prime Minister said. He also announced that India's first Thiruvalluvar Cultural Centre will be opened in Singapore soon, while appreciating the teachings of Saint Thiruvalluvar. "I am very happy to inform you that India's first Thiruvalluvar Cultural Centre will soon be opened in Singapore. The great saint Thiruvalluvar has given guiding thoughts to the world in the most ancient language, Tamil. His composition Tirukkural was written almost 2 thousand years ago, but the ideas given in it are still relevant today. He has said, 'Nayanodu nnnri purinnd payanudaiyar panbu parattum ulagu', that is 'The world praises those who are known for justice and service to others'. I believe that millions of Indians living in Singapore are also inspired by these ideas and are contributing to strengthening the relationship between the two countries," he further stated. PM Modi said that the two nations will continue to work together for regional peace, stability and prosperity.

India and Singapore elevate relations to Comprehensive Strategic Partnership; Agree to expand trade, investment

Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="Narendra-Modi" source="keywords">Narendra Modi</keyword> and <keyword id="19901464" type="General" weightage="20" keywordseo="French-President-Emmanuel-Macron" source="keywords">French President Emmanuel Macron</keyword> agreed to further intensify <keyword id="22062767" type="General" weightage="20" keywordseo="strategic-defence-cooperation" source="keywords">strategic defence cooperation</keyword> with an increased focus on '<keyword id="20018809" type="General" weightage="20" keywordseo="Make-in-India" source="keywords">Make in India</keyword>' when both leaders met on the sidelines of the G7 Summit held in Italy. "They (both the leaders) agreed to further intensify strategic defence cooperation with an increased focus on 'Make in India'," a short statement from the Prime Minister's Office said. At the invitation of Prime Minister Meloni, PM Modi travelled to the Apulia region in Italy to participate in the G7 Outreach Summit earlier this week. This was his first overseas visit since assuming office for the third consecutive term. France is one of India's key partners in the development of a self-reliant defence industrial and technological base. India and France are committed to cooperating in the co-development and co-production of advanced defence technologies, including for the benefit of third countries. Several defence companies, in both countries, are currently working on various initiatives, including cooperation for the motorization of heavy-lift helicopters under the Indian Multi-Role Helicopter [IMRH] programme with Safran Helicopter Engine, France. A shareholder's agreement between Hindustan Aeronautics Limited (HAL), India and Safran Helicopter Engine, France, has been concluded for engine development. Safran Helicopter Engine and HAL collaborated on the transfer of technology of forging and casting for the Shakti Engine. This is also reflective of the French commitment to support technology transfer and the Make in India initiative. Another such example is the MoU between Garden Reach Shipbuilders and Engineers Ltd. (GRSE), and Naval Group France, a leader in the European Naval Defence Industry, to collaborate in the field of surface ships that cater to the requirements of India and International Naval forces. India is investing heavily in defence and aerospace manufacturing, with several defence hubs being set up. Indian defence PSUs have benefited, besides the companies in the private sector, as they have accumulated tremendously high returns on equities in the past few years, benefiting from the new orders. Notably, many global companies have either shared or shown intent to share critical defence and aerospace knowledge with India. This April, Chief of Defence Staff General Anil Chauhan visited France, further reinforcing the bilateral defence cooperation between the two nations. The interactions of CDS with Patrick Pailloux, Director of Civil and Military Cabinet of the Minister of the French Armed Forces, and Lt Gen Vincent Giraud, Chief of Military Cabinet of the Minister of the Armed Forces at the apex level and also with his counterpart, General Thierry Burkhard have enabled the exchange of views on areas of common interest and mutual security concerns. Deliberations on enhancing the exchange of high-end dual-use technologies, besides discussions with the top leadership of the French Defence industry, including Dassault, Safran and Naval Groups, and Thales Alenia Space, towards futuristic capacity building of the Indian Armed Forces, are expected to provide an impetus to indigenization. India and France had decided to deepen their cooperation in all areas of the space sector by strengthening their programmes of common interest. The India-France Strategic Partnership has gathered significant momentum over time and has now evolved into an even closer and more multifaceted relationship that spans diverse areas of cooperation. In 1998, the two countries upgraded their partnership to a strategic level. To mark the 25th anniversary of the Indo-French partnership, both countries agreed in July 2023 to adopt a roadmap to set the course for the bilateral relationship up to 2047, which will celebrate the centenary of India's independence, the centenary of diplomatic relations between the two countries and 50 years of the strategic partnership. 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Modi, Macron bilateral emphasises furthering India-France defence cooperation; focus on indigenous mfg

New Delhi, <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> does not 'rush' into any Free Trade Agreement (<keyword id="20000557" type="General" weightage="20" keywordseo="fta" source="keywords">FTA</keyword>) if the pact is not equitable, balanced, and fair for the country, Commerce and Industry Minister <keyword id="19895367" type="General" weightage="20" keywordseo="piyush-goyal" source="keywords">Piyush Goyal</keyword> on Friday said. He said that the ground realities in India have changed now and the offers made by partner countries in these agreements are "not at all" comparable to what India is offering to the world. At present, negotiations for FTAs with the UK, Oman, and the four-nation European Free Trade Association (EFTA) are nearing conclusion. EFTA members are Iceland, Liechtenstein, Norway, and Switzerland. The minister also said that India should never rush for trade negotiations as they are going to impact the country for years and years to come. "We enter into negotiations with our eyes wide open, we do extensive stakeholder negotiations...we do a lot of inter-ministerial consultations. We crystal gaze into the future and see that India offers the best business opportunities. "Sometimes trade negotiations take time because the other sides take time to understand what really is happening in India, how the India story is panning out, how new India is emerging. And some people also live in a colonial mindset of the past, so it takes us some more time to get them to understand that ground realities have changed. What is on the offer on their side is not at all comparable to what we are offering to the world and therefore unless it is a very equitable, balanced, and fair trade agreement, India does not rush into trade agreements anymore," he said. <keyword id="19895372" type="General" weightage="20" keywordseo="goyal" source="keywords">Goyal</keyword> said this at the Raisina Dialogue 2024 here. He was replying to a question about why trade negotiations with the UK and the EU (<keyword id="19895384" type="General" weightage="20" keywordseo="european-union" source="keywords">European Union</keyword>) are proving more complicated. He added that some free trade agreements signed by the previous government have issues as adequate due diligence was not followed. In some cases, a little bit of rush to enter into an FTA was also there earlier, he said. India and the UK launched the talks for an FTA in January 2022 with a view to boost economic ties between the two nations. There are 26 chapters in the agreement, which include goods, services, investments, and intellectual property rights. The bilateral trade between India and the UK increased to USD 20.36 billion in 2022-23 from USD 17.5 billion in 2021-22. The seventh round of India-European Union talks is underway here. In June 2022, India and the EU restarted the negotiations for the long-pending trade and investment agreement after a gap of over eight years.

India does not rush into trade agreements if it is not fair, balanced, equitable: Goyal

Australian Deputy Prime Minister Richard Marles will travel to Ahmedabad to witness the summit clash between <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> and <keyword id="6355478" type="General" weightage="80" keywordseo="australia" source="Orion">Australia</keyword> at the <keyword id="3859" type="General" weightage="20" keywordseo="cricket-world-cup" source="Orion">cricket World Cup</keyword> on Sunday. Marles, who is also Australia's <keyword id="32723" type="General" weightage="80" keywordseo="defence" source="Orion">defence</keyword> minister, and Foreign Minister Penny Wong are visiting India to co-chair the second edition of the "2+2" ministerial dialogue along with their Indian counterparts on Monday. The defence ministry on Saturday announced the Australian deputy prime minister's two-day visit to India from November 19-20 primarily for the "2+2" dialogue that is expected to focus on boosting the overall defence and strategic ties between the two countries. It said Marles will also attend the cricket World Cup final between India and Australia on Sunday. "Australian Deputy Prime Minister and Minister for Defence Richard Marles will visit India from November 19 to 20 to co-chair the second India-Australia 2+2 ministerial dialogue with Defence Minister Rajnath Singh," the ministry said in a statement. The Indian delegation at the "2+2" dialogue will be led by Singh and External Affairs Minister S Jaishankar. "During his visit, Minister Marles will also attend the Cricket World Cup final between India and Australia in Ahmedabad, Gujarat on November 19," the ministry said. It said Singh and Marles will hold a bilateral meeting on November 20 that would be followed by the "2+2" dialogue. "India and Australia are pursuing a comprehensive strategic partnership and the visit of Minister Marles is expected to give further impetus to the collaboration as well as bilateral defence cooperation," the defence ministry said. "The two countries are expected to discuss wide-ranging issues of mutual interest during the 2+2 dialogue and the bilateral defence ministers' meeting," it added. The two sides are expected to focus extensively on further ramping up the overall defence and security ties and boost the strategic cooperation in the Indo-Pacific region during the "2+2"dialogue. Both Australia and India are part of the Quad or Quadrilateral coalition that is focused on working towards ensuring a free, open and inclusive Indo-Pacific. The other two members of the Quad are the United States and Japan. The situation in West Asia in view of the Hamas-Israel conflict, China's increasing military muscle flexing in the Indo-Pacific and issues relating to regional security is expected to figure in the talks, people familiar with the preparation for the dialogue said. The inaugural "2+2" ministerial dialogue between India and Australia took place in September 2021. India has such a framework for talks with a very few countries, including the US and Japan. The latest edition of the India-US foreign and defence ministerial dialogue took place in New Delhi on November 10. The bilateral defence and strategic ties between India and Australia are on an upward trajectory in the last few years. In June 2020, the two countries elevated their ties to a comprehensive strategic partnership and signed a landmark deal for reciprocal access to military bases for logistics support. The <keyword id="10796857" type="General" weightage="50" keywordseo="mutual-logistics-support-agreement" source="Orion">Mutual Logistics Support Agreement</keyword> (<keyword id="449908" type="General" weightage="50" keywordseo="mlsa" source="Orion">MLSA</keyword>) allows the militaries of the two countries to use each other's bases for repair and replenishment of supplies, besides facilitating scaling up of the overall defence cooperation. SEE ALSO: <a href="https://www.businessinsider.in/sports/webstories/ind-vs-aus-icc-world-cup-final-past-battles-head-to-head-record-and-more/slidelist/105309620.cms">India vs Australia ICC World Cup final – Past battles, head-to-head record and more</a> <a href="https://www.businessinsider.in/business/telecom/news/jio-strengthens-market-leadership-with-3-25-mn-new-subscribers-vis-decline-slows/articleshow/105289414.cms">Jio strengthens market leadership with 3.25 mn new subscribers, Vi’s decline slows</a> <a href="https://www.businessinsider.in/tech/news/indias-pc-market-surges-to-4-5-million-devices-in-q3-2023/articleshow/105285251.cms">India’s PC market shipments surge in Q3 amidst import restrictions talks</a>

Australian Deputy PM Marles to watch India-Australia World Cup cricket final in Ahmedabad

After his talks with Union Finance Minister <keyword id="129243" type="General" weightage="50" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword>, visiting UK Chancellor Jeremy Hunt on Monday said that the <keyword id="120586" type="General" weightage="80" keywordseo="Free-Trade-Agreement" source="Orion">Free Trade Agreement</keyword> (<keyword id="6381659" type="General" weightage="100" keywordseo="fta" source="Orion">FTA</keyword>) between India and Britain will be finalised soon. Addressing a press conference, Hunt said that the two countries are moving towards inking of a FTA. Meanwhile, India will also explore the possibility of direct listing of Indian companies at the London Stock Exchange (LSE), according to a joint statement issued after the conclusion of the 12th India-UK Economic and Financial Dialogue between Hunt and Sitharaman. "The next step for this is a comprehensive FTA and bilateral investment treaty and I know discussions are ongoing as to how to finalise those as soon as possible," Hunt said on the trade pact. Sitharaman echoed his view, but suggested that the negotiations will continue over the point of differences related to the proposed FTA. "As you know, we agreed to have the investment negotiations (on FTA with UK) running parallel to the goods and services trade negotiations. So, we will be looking at points where there are convergences and if there are points on which we have to have further discussions, we will hold it. The keenness on both the sides is to conclude it as soon as possible," she said. "The intention on both the sides is to expedite the discussions so that some quick agreements can lead to finally signing the FTA." The announcements come within 48 hours after Prime Minister Narendra Modi and his British counterpart <keyword id="221875" type="General" weightage="50" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword>, in their bilateral meeting on the sidelines of the G20 Summit, agreed to "work at pace" towards signing the much-anticipated FTA. Commenting on Indian companies looking to list directly on the LSE, Hunt said: "We are particularly pleased to have made a big step forward with the first confirmation by India that it will explore the London Stock Exchange as an international destination for the direct listing of Indian companies." He added that there is a new pensions and insurance partnership between the two countries, along with the establishment of knowledge and expertise sharing mechanism. Sitharaman told reporters that India and the UK "are highly encouraged" by the intensified collaboration in the area of financial services. Hunt and Sitharaman also announced the launch of the "new UK-India Infrastructure Financing Bridge". This is a collaborative venture co-led by government think tank <keyword id="2665691" type="General" weightage="50" keywordseo="niti-aayog" source="Orion">Niti Aayog</keyword> and the City of London Corporation which is aimed at harnessing collective expertise in planning and implementing major infrastructure projects, Sitharaman informed.

India-UK FTA to be finalised soon, says British Chancellor

External Affairs Minister S <keyword id="236448" type="General" weightage="80" keywordseo="jaishankar" source="Orion">Jaishankar</keyword> and his Italian counterpart Antonio Tajsigned two significant agreements, to boost the mobility of youth and skilled workers in a safe and legal manner. The two ministers signed agreements on Migration and Mobility Partnership, and Executive Programme on Cultural Cooperation for the period 2023-27. "These will provide a major boost to the mobility of youth and skilled workers in a safe and legal manner, thereby promoting people-to-people ties, trade and tourism," the Ministry of External Affairs said in a statement. Jaishankar was on an official visit to <keyword id="21474" type="General" weightage="80" keywordseo="italy" source="Orion">Italy</keyword> from November 2 to 3 at the invitation of the Italian Deputy PM and Foreign Minister. During the visit, EAM called on Italian President Sergio <keyword id="3921258" type="General" weightage="80" keywordseo="mattarella" source="Orion">Mattarella</keyword> and held delegation-level talks with his Italian counterpart <keyword id="4355463" type="General" weightage="80" keywordseo="tajani" source="Orion">Tajani</keyword>. He also met Defence Minister Guido Crosetto and Minister of Enterprises and Made in Italy, <keyword id="476119" type="General" weightage="80" keywordseo="adolfo-urso" source="Orion">Adolfo Urso</keyword>. "He addressed the Joint Committees of External and Defence Affairs, and EU Affairs in the Italian Senate, and also interacted with prominent think tanks and thought leaders," the statement said. Moreover, Italian President Mattarella during his meeting with EAM, reiterated his strong support for advancing bilateral ties as well as deepening India-Italy and India-EU linkages. Meanwhile, EAM Jaishankar held a meeting with Italian Defence Minister Crosetto, where they both focused on deepening strategic cooperation including industrial collaboration in defence manufacturing and in areas of counter-terrorism, cyber security and maritime domain. Additionally, Minister Urso, "discussed ways to promote bilateral trade and investment, with focus on areas of agro-tech, engineering, digital infrastructure, innovation and space." During the visit, Jaishankar and Foreign Minister Tajani reviewed the entire gamut of the India-Italy Strategic Partnership and expressed happiness at the steady growth in diverse areas of India-Italy bilateral cooperation including regular high-level exchanges and interaction, economic collaboration, defence and security, S&amp;T, culture and people to people connect. Meanwhile, both sides agreed that there is a "huge potential for further increasing collaboration in areas of Renewable Energy, IT and startups, digital infrastructure, innovation, Artificial Intelligence, cyber and space," the statement said. The economic partnership between <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> and Italy which is among the top 10 economies, is crucial for the diversification of the global supply chain, given their respective strengths. Moreover, both ministers deliberated upon the important regional and international developments, including India's successful G20 Presidency in Delhi, Italy's upcoming G7 Presidency, India-EU relations, the Mediterranean and the Indo-Pacific, the conflict in Ukraine, and the situation in West Asia. Jaishankar also appreciated Italy for joining the key India-led global initiatives such as ISA, CDRI, IPOI, Global Bio-Fuels Alliance and India Middle East Europe Economic Corridor (IMEEC), reflecting the growing convergence of our views on important global issues. Notably, both sides hoped for the early conclusion of the India-EU Free Trade Agreement negotiations. Later, "FM Tajani also congratulated India for the successful lunar landing of "Chandrayaan - 3" and evinced interest for deeper cooperation between ISRO and Italian space agency, ASI," the statement said. Before concluding his visit, EAM also held interaction with the Indian diaspora, the India-Italy Parliamentary Friendship Group and senior dignitaries of the Italian government. Jaishankar's visit to Italy will help in further consolidating the long-standing historical ties between the two countries, and "pushed bilateral cooperation in diverse areas of our Strategic Partnership including on contemporary global issues and challenges." SEE ALSO:<a href="https://www.businessinsider.in/tech/gadgets/news/hp-omen-16-gaming-laptop-review/articleshow/104945732.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/gadgets/news/hp-omen-16-gaming-laptop-review/articleshow/104945732.cms" target="_blank">HP Omen 16 laptop review – A powerful laptop with a fine display</a> <a href="https://www.businessinsider.in/tech/mobile/news/india-q3-smartphone-shipments-apple-gains-34-pc-market-share-in-india/articleshow/104907807.cms">Smartphone shipments: Apple gains 34% market share in India as Samsung, Xiaomi decline</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-use-two-whatsapp-accounts-on-one-phone/articleshow/104641592.cms">How to use two WhatsApp accounts on one phone? A step by step guide</a>

EAM Jaishankar, Italian counterpart Tajani sign 2 agreements to boost youth mobility

<keyword id="3001" type="LOCATION" weightage="20" keywordseo="Pakistan">Pakistan</keyword> may allow <keyword id="1169098" type="PERSON" weightage="20" keywordseo="cotton-import">cotton import</keyword> from India through land route as prospects of gradual restoration of <keyword id="2144168" type="PERSON" weightage="20" keywordseo="bilateral-trade-ties">bilateral trade ties</keyword> have brightened after the <keyword id="10843030" type="UNKNOWN" weightage="20" keywordseo="new-ceasefire-agreement">new ceasefire agreement</keyword> along the <keyword id="44759" type="COMPANY" weightage="20" keywordseo="Line-of-Control">Line of Control</keyword>, according to a media report on Sunday. Citing sources in the <keyword id="137756" type="COMPANY" weightage="20" keywordseo="Ministry-of-Commerce">Ministry of Commerce</keyword>, The Express Tribune reported that Adviser to the <keyword id="71" type="POSITION" weightage="20" keywordseo="Prime-Minister">Prime Minister</keyword> on Commerce Abdul Razak Dawood may take a decision on whether to import cotton and yarn from India next week. They said that the issue of cotton shortfall has already been brought to the notice of Prime Minister <keyword id="14676" type="PERSON" weightage="20" keywordseo="Imran-Khan">Imran Khan</keyword>, who also holds the portfolio of the commerce minister. Once a principled decision is taken, a formal order will be presented before the Economic Coordination Committee of the Cabinet, the sources told the daily. The sources said that in-house deliberations have already begun but the final decision would be taken only after seeking the approval of the prime minister. I cannot say yes or no at this stage and would be in a better position to respond on Monday, Dawood told the daily, responding to a question on whether Pakistan was considering allowing cotton import from India. The trade ties between both the countries can help minimise cost of production in Pakistan and ensure sustained food supplies, the daily said. India and Pakistan issued a joint statement on Thursday to strictly observe all agreements on ceasefire along the LoC and other sectors after the hotline discussions by their Director Generals of Military Operations. The two countries signed a ceasefire agreement in 2003, but it has hardly been followed in letter and spirit over the past several years. Relations between the two neighbours have nose-dived after a series of terror attacks in India perpetrated by terror groups based in Pakistan. Bilateral ties deteriorated further after India revoked the special status of Jammu and Kashmir in 2019. The move angered Pakistan, which downgraded diplomatic ties and expelled the Indian High Commissioner in Islamabad. Pakistan also snapped all air and land links with India and suspended trade and railway services. The paper reported that against the annual estimated consumption of minimum 12 million bales, the Ministry of National Food Security and Research expects only 7.7 million bales production this year. However, cotton ginners have given the lowest production estimates of only 5.5 million bales for this year. There is a minimum shortfall of six million bales and Pakistan has so far imported roughly 688,305 metric tonnes of cotton and yarn, costing USD 1.1 billion, according to the Pakistan Bureau of Statistics. There is still a gap of about 3.5 million bales that needs to be filled through imports. Due to shortage of cotton and yarn, the users were compelled to import them from the United States, Brazil and Uzbekistan. Imports from India would be far cheaper and would reach Pakistan within three to four days. Importing yarn from other countries was not only expensive but would also take one to two months to reach Pakistan, the daily reported, quoting businessmen who deal in these commodities. The delay in yarn import can pose risk to timely deliver the export orders, according to the paper. However, the All Pakistan Textile Mills Association (Aptma) is exerting pressure on the Pakistan government not to allow cotton and yarn import from India. An industry insider told the daily that few millers have already hoarded the cotton and were now charging higher rates and import would dampen their short-term earnings. In an appeal to Dawood, Aptma said that the import of yarn from India will directly impact cotton prices in Pakistan. The cotton sowing season is currently starting in Pakistan and the predicted drop in cotton price owing to import of yarn from India is approximately 10-15 per cent, discouraging farmers not to sow cotton, according to the Aptma. On Thursday, India said it desires normal neighbourly relations with Pakistan and is committed to resolving all issues bilaterally in a peaceful manner. Prime Minister Khan on Saturday welcomed the ceasefire agreement with India and said Islamabad remains ready to move forward to resolve "all outstanding issues" through dialogue. SEE ALSO: <a href="https://www.businessinsider.in/india/news/bharat-bandh-over-eight-crore-traders-across-india-shut-shop-in-protest-against-rising-fuel-prices-and-changes-in-gst-rules/articleshow/81223361.cms">Bharat Bandh – over eight crore traders across India shut shop in protest against rising fuel prices and changes in GST rules</a> <a href="https://www.businessinsider.in/finance/banks/news/ignore-low-cibil-score-for-street-vendor-loans-work-on-holidays-and-other-diktats-from-indian-government-to-banks-rushing-to-meet-march-target/articleshow/81223572.cms">EXCLUSIVE: Ignore low CIBIL score for street vendor loans, work on holidays, and other diktats from Indian government to banks rushing to meet March target</a> <a href="https://www.businessinsider.in/india/news/india-now-allows-you-to-avail-a-discount-on-flight-ticket-if-you-are-not-carrying-a-check-in-baggage/articleshow/81225977.cms">India now allows you to avail a discount on flight ticket if you are not carrying a check-in baggage</a>

Pakistan likely to import cotton from India after announcing LoC ceasefire

The <keyword id="13535043" type="General" weightage="20" keywordseo="india-australia-economic-cooperation" source="Orion">India-Australia Economic Cooperation</keyword> and Trade Agreement, which would give a big boost to especially textiles, gems and jewellery and pharmaceuticals sectors, is expected to create new 10 lakh jobs, said <keyword id="269080" type="General" weightage="20" keywordseo="union-commerce-minister" source="Orion">Union commerce minister</keyword> Piyush Goyal. "Since the labour-intensive sectors will be benefitted, it is expected to create additional employment of at least 10 lakhs jobs in India, create ample opportunities for investment, promotion of start-ups. Similarly, it would provide enhanced job opportunities for Indians in Australia and increased remittance flows to India," Goyal said. The Australian parliament has announced the passing of the <keyword id="120586" type="General" weightage="20" keywordseo="free-trade-agreement" source="Orion">free trade agreement</keyword> (FTA) with India, Goyal on Tuesday said adding that the initial size of bilateral trade between the two countries can go up to around USD 45-50 billion in the next five-to-six years. Addressing a press conference on the trade deal following the approval of the Agreement by the Australian Parliament, Goyal said that duties on 100 per cent tariff lines would be eliminated by Australia under this deal. The Minister underscored that the Agreement was finalized after extensive and exhaustive stakeholder consultations and pointed out that it was "unanimously accepted" and supported by all quarters. The deal which was signed on April 2, 2022, is now ready for ratification for its early implementation. The Agreement will enter into force shortly, on a mutually convenient date once both sides have completed their domestic processes, India's Ministry of Commerce and Industry said in a statement on Tuesday evening right after minister Goyal's presser. Australia is an important strategic partner of India and both democracies are part of the four-nation QUAD, Trilateral Supply Chain Initiative and the Indo-Pacific Economic Forum (IPEF). The trade relationship facilitated through the deal will open a new chapter on India-Australia Comprehensive Economic Partnership between two vibrant economies with shared interests and trade complementarities. This Economic Cooperation and Trade Agreement is the first trade agreement of India with a developed country after more than a decade, the statement said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/googles-parent-company-alphabet-prepares-to-lay-off-10k-employees/articleshow/95691119.cms" style="">Google's parent company Alphabet 'prepares' to lay off 10K employees</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/vedanta-announces-third-dividend-of-rs-17-50-per-share/articleshow/95690324.cms">Vedanta announces third dividend of Rs 17.50 per share</a>

India-Australia trade deal estimated to create 10 lakh jobs: Piyush Goyal

British Prime Minister <keyword id="221875" type="General" weightage="20" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword> has reiterated the UK's commitment to a <keyword id="120586" type="General" weightage="20" keywordseo="Free-Trade-Agreement" source="Orion">Free Trade Agreement</keyword> (FTA) with India as part of the country's wider <keyword id="15645217" type="General" weightage="20" keywordseo="focus-on-enhancing-ties" source="Orion">focus on enhancing ties</keyword> with the <keyword id="1574110" type="General" weightage="20" keywordseo="Indo-Pacific-region" source="Orion">Indo-Pacific region</keyword>. Delivering a talk Monday night at the Lord Mayor of London’s Banquet -- his first major foreign policy speech since taking charge at 10 Downing Street last month -- the British-Indian leader reflected upon his heritage and committed to promoting British values of "freedom and openness" around the world. He also pledged to "do things differently" when it came to China, which he said poses a "systemic challenge" to British values and interests. "Before I came into politics, I invested in businesses around the world. And the opportunity in the Indo-Pacific is compelling," said Sunak. "By 2050, the Indo-Pacific will deliver over half of global growth compared with just a quarter from Europe and North America combined. That's why we're joining the Trans-Pacific trade deal, the CPTPP, delivering a new FTA with India and pursuing one with Indonesia," he said. "Like many others, my grandparents came to the UK, via East Africa and the Indian subcontinent and made their lives here. In recent years, we've welcomed thousands of people from Hong Kong, Afghanistan, and Ukraine. We're a country that stands up for our values, that defends democracy by actions not just words," he noted. On China, Sunak said he wants to "evolve" the UK's approach as he distanced his government from a slogan used by the previous Conservative Party led government to describe UK-China bilateral relations just over seven years ago. "Let's be clear, the so-called ‘golden era’ is over, along with the naïve idea that trade would lead to social and political reform. But nor should we rely on simplistic Cold War rhetoric. We recognise China poses a systemic challenge to our values and interests, a challenge that grows more acute as it moves towards even greater authoritarianism," he cautioned. The 42-year-old former chancellor admitted that the UK cannot simply ignore China's "significance" in world affairs, something he pointed out that other leading economies such as the US, Canada, Australia and Japan also acknowledge. "So together we'll manage this sharpening competition, including with diplomacy and engagement. Much of this is about dramatically improving our resilience, particularly our economic security," said Sunak. Reiterating his pro-Brexit vision, Sunak ruled out any alignment with European Union (EU) law in favour of cooperation on shared issues such as illegal migration. He also committed the UK to standing by Ukraine in its conflict with Russia as part of Europe’s "collective resolve" to protect democratic values. "After years of pushing at the boundaries, Russia is challenging the fundamental principles of the UN Charter. China is consciously competing for global influence using all the levers of state power. In the face of these challenges, short-termism or wishful thinking will not suffice. We can't depend on Cold War arguments or approaches, or mere sentimentality about the past. So, we will make an evolutionary leap in our approach," he declared. Sunak confirmed that further detail on the UK’s foreign policy outlook will be laid out in an updated ‘Integrated Review’ in the new year, which will also cover closer collaboration with the Commonwealth. "Under my leadership, we won't choose the status quo. We will do things differently. We will evolve, anchored always by our enduring belief in freedom, openness and the rule of law and confident that in this moment of challenge and competition our interests will be protected… and our values will prevail,” he concluded. The Lord Mayor’s Banquet at Guildhall in the financial heart of London is an annual event where the UK prime minister addresses business leaders, international dignitaries and foreign policy experts on the subject of foreign policy. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/strong-headwinds-to-slowdown-global-trade-growth-further-in-2023-says-wto/articleshow/95843631.cms" style="">Strong headwinds to slowdown global trade growth further in 2023, says WTO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/new-age-tech-companies-rake-in-business-but-are-still-making-losses/articleshow/95837559.cms" style="">New-age tech companies rake in business but are still making losses</a>

Rishi Sunak reiterates UK's commitment to FTA with India

India has established <keyword id="9779895" type="UNKNOWN" weightage="20" keywordseo="separate-bilateral-air-bubble-arrangements">separate bilateral air bubble arrangements</keyword> with Kenya and <keyword id="6356598" type="LOCATION" weightage="20" keywordseo="bhutan">Bhutan</keyword> for operation of <keyword id="10029344" type="UNKNOWN" weightage="20" keywordseo="special-international-passenger-flights">special international passenger flights</keyword> between the two countries, Civil Aviation Minister <keyword id="151350" type="PERSON" weightage="20" keywordseo="Hardeep-Singh-Puri">Hardeep Singh Puri</keyword> said. Till September 17, India had formed such arrangements with 13 countries -- Afghanistan, Bahrain, Canada, France, Germany, Iraq, Japan, the Maldives, Nigeria, Qatar, the UAE, the UK and the USA. Under an air bubble pact between two countries, special international passenger flights can be operated by their airlines into each other's territories under restrictive conditions. "In order to further boost bilateral international air connectivity air bubble arrangements are now in place with Kenya &amp; Bhutan. Indian carriers will be able to operate to these countries," Puri said on Twitter. "Carriers of these countries will be able to fly to India," he added. Scheduled international flights have been suspended in India since March 23 due to the coronavirus pandemic. However, special international passenger flights have been operating in India under <keyword id="9263222" type="LOCATION" weightage="20" keywordseo="the-vande-bharat-mission">the Vande Bharat Mission</keyword> since May and under bilateral air bubble arrangements formed between India and other countries since July. SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-retail-seals-its-third-deal-this-month-general-atlantic-to-invest-3675-crore/articleshow/78397878.cms" data-type="tilCustomLink">Reliance Retail seals its third deal this month – General Atlantic to invest ₹3,675 crore</a> <a href="https://www.businessinsider.in/business/auto/news/cars-and-tractor-sales-likely-to-remain-healthy-but-commercial-vehicles-may-feel-the-pain-in-september-month-sale/articleshow/78407001.cms" data-type="tilCustomLink">All eyes on September auto sales — Cars and tractor sales likely to remain healthy but commercial vehicles may feel the pain</a>

You Searched For "bilateral agreement" and got 13 results

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Australian Deputy PM Marles to watch India-Australia World Cup cricket final in Ahmedabad

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India-UK FTA to be finalised soon, says British Chancellor

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EAM Jaishankar, Italian counterpart Tajani sign 2 agreements to boost youth mobility

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Pakistan likely to import cotton from India after announcing LoC ceasefire

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India-Australia trade deal estimated to create 10 lakh jobs: Piyush Goyal

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Rishi Sunak reiterates UK's commitment to FTA with India

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Indians can now fly to Kenya and Bhutan under the new air bubble agreement, says Aviation Minister Puri

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