Modi discusses trade deal with UK PM Sunak
During the discussion, the two leaders are understood to have discussed the broad contours of the proposed Free Trade Agreement between their two countries.
During the discussion, the two leaders are understood to have discussed the broad contours of the proposed Free Trade Agreement between their two countries.
The Australia-India Economic Cooperation and Trade Agreement (ECTA) is a great opportunity for Australian businesses as it will open up new markets to reach around 1.4 billion consumers in the world’s fastest-growing major economy.
RCEP is relevant as Washington is gradually losing its economic ground in the Asia-Pacific region following its withdrawal from the Trans-Pacific Partnership (TPP) in 2017. The TPP was devised during President Barack Obama’s administration to counter China’s growing economic clout in the region. The
Earlier in the year, the Trump administration had signed a mega phase one deal with China, after intense negotiations between the two countries.
Wells told reporters during a conference call that India needs to open up as it is still a protected market, which sometimes denies a level playing field to foreign companies.
Trump is set to visit India on a two-day trip between February 23 and 26 and both sides are in the process of fine-tuning his schedule
After nearly two years of conflict and the exchange of punishing tariffs that have had a negative impact on business investment and global economic growth, President Donald Trump last month announced a “phase one” trade deal with Beijing.
Chinese Foreign Ministry spokesman Geng Shuang said while speaking to the media on Wednesday that both countries were in close contact.
Under the deal, the United States would agree to reduce some tariffs in exchange for a big jump in Chinese purchases of American farm products.
The "phase one" is a partial resolution that is expected to see China boost imports of US agricultural and other goods, while Washington has eased massive tariffs on Chinese imports.
