Bilateral trade

February 14, 2025 3:21 PM

India, US bilateral trade focuses on high-growth sectors like chips, electronics

Despite ongoing challenges, such as tariffs and protectionist policies, India and the US have set an ambitious goal of achieving $500 billion in bilateral trade, with a focus on high-growth sectors like semiconductors, electronics, and critical technologies, industry experts said on Friday. The India-US bilateral engagement, following Prime Minister Narendra Modi’s meeting with US President Donald Trump, reaffirmed a shared vision of the relationship as pivotal to global stability and prosper...

India’s bilateral trade with ASEAN sees 5.2% growth at $73 billion in April-Oct

India’s bilateral trade with the Association of Southeast Asian Nations (ASEAN) grew by 5.2% to reach $73 billion during the April-October period of this fiscal year, the government informed on Saturday. ASEAN is one of India’s major trade partners, accounting for about 11% of India’s global trade. Bilateral trade in FY2023-24 was valued at $121 billion, according to the Ministry of Commerce and Industry. The sixth ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee meeting and...