India and the UK are close to operationalising their trade pact, but a new British steel safeguard measure has delayed the Entry into Force of CETA. Commerce Secretary Rajesh Agrawal said the two sides are working on a “unique and creative solution” to handle the steel hurdle. The UK will cap tariff-free steel from July 1, 2026, cutting quota volumes by 60% and charging 50% tariffs above limits. India targets doubling bilateral trade to USD 112 billion by 2030.
Europe has signaled it could retaliate if Donald Trump moves to raise auto tariffs, escalating a long-running dispute tied to a transatlantic trade pact that remains unratified by EU lawmakers. An initial agreement was reached last July, but amendments have delayed approval. Trump says the bloc failed to meet deal obligations, widening tensions between the sides.
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Bangladesh is set to sign a $3.7 billion Boeing deal to bring 14 aircraft to national carrier Biman Bangladesh Airlines over the next decade. The state-run BSS says it will be the airline’s biggest fleet modernisation, negotiated as part of a broader agreement last year connected to US tariff terms, underscoring how trade deals can reshape aviation plans.
Indian and US officials wrapped up a fresh round of trade talks on April 23 and agreed to stay engaged, keeping negotiations alive. The discussions prioritized market access and the expanding area of digital trade, underscoring how both sides are trying to shape the next phase of their economic relationship rather than letting talks stall after a single meeting.
India’s DPIIT has extended the deadline for stakeholder inputs on IPR issues tied to a proposed trade pact with Canada. The proforma requests details on concerns spanning filing, registration, enforcement and commercialization of stakeholders’ IP rights in Canada, including which institutions or agencies—such as IP offices or enforcement bodies—are facing the challenges.
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