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PM Modi and Trump direct officials to fast-track 'commercially meaningful' trade pact
Prime Minister Narendra Modi and US President Donald Trump directed their officials to work towards a balanced, mutually beneficial and commercially meaningful trade agreement at the earliest. The Ministry of External Affairs (MEA) said this on Thursday, a day after the two leaders held wide-ranging talks for the first time in 16 months on the margins of the G7 Summit in an attempt to rebuild the strained bilateral ties.
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 can finalise interim trade pact only after Section 301 investigations concluded, say officials
India and the US can conclude the first phase of the bilateral trade agreement (BTA) only after the ongoing Section 301 investigations by the US Trade Representative against India are concluded, making the tariff situation clear, an official said on Monday. New Delhi will insist on a commitment from the US that there would be no additional tariffs on Indian goods after the trade deal was finalised, the official added.