India, US complete 5th round of talks for trade pact
PTI
Last Updated:
New Delhi, Jul 22 (PTI) Negotiations for the proposed bilateral trade agreement between India and the US were launched in March 2025, and so far, five rounds of talks have been held, Parliament was informed on Tuesday.
Similarly, twelve rounds of negotiations have been held so far between India and the European Union (EU) for the proposed free trade agreement.
The last round was held from 7-11 July in Brussels.
'India-US bilateral trade agreement negotiations were launched in March 2025. Five rounds of negotiations have been held, the last being from July 14-18, 2025, at Washington," Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha.
Replying to a separate question, the minister informed that intellectual property (IP) filings in the last five years have increased by 44 per cent to 6,89,991 in 2024-25 from 4,77,533 in 2020-21.
The highest growth was observed in Geographical Indications (GI) with a 380 per cent increase, followed by Designs (266 per cent), Patents (180 per cent), Copyright (83 per cent), Trademarks (28 per cent), and Semiconductor Integrated Circuits Layout-Designs (SICLD) with a 20 per cent rise.
As many as 697 GI registrations have been issued as of this date in sectors like handicraft, agri, and food. PTI RR BAL BAL
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
26 minutes ago
- Deccan Herald
‘At least a year' before India-UK trade deal is operational
New Delhi: The Comprehensive Economic and Trade Agreement (CETA) between India and the UK, signed in London on Thursday, will take at least a year to become operational, as it requires approval from the British Parliament, Commerce Secretary Sunil Barthwal said on Friday.'In the UK, it will take almost a year or so before it is ratified in Parliament,' Barthwal stated at a media said that the agreement must be approved by both houses of Parliament — the House of Commons and the House of Lords. There is also likely to be a select committee discussion on the issue. In India, the deal has already been approved by the Union Cabinet. No parliamentary approval is required here for free trade agreements to be to discussions with his British counterpart, Barthwal said the UK has expressed willingness to ratify the agreement in Parliament at the said that the British government, led by Prime Minister Keir Starmer, is keen on the early implementation of the to Barthwal, the Indian government would utilise the time for capacity building of exporters and other claimed that the deal would bring significant benefits to several labour-intensive sectors, including textiles, leather, footwear and gems & will India's auto, farm sectors benefit from UK trade deal?.'Four times concessions'On the auto sector, Barthwal said, 'India has secured market access to the tune of four times the concessions given to the UK on electric vehicles in the British market.'The Society of Indian Automobile Manufacturers (SIAM), which represents major vehicle and vehicular engine manufacturers in the country, welcomed the agreement, saying that it would open new trade opportunities across industries.'The commitments made by the Government of India on automobile sector tariffs strike a thoughtful balance — addressing consumer interests while supporting the broader goals of Indian industry,' said Shailesh Chandra, SIAM who is also the Managing Director of Tata Passenger Vehicles, added, 'We view this agreement as part of a wider strategic engagement and believe it opens new avenues for collaboration and opportunity with a key global partner.'Commerce Secretary Barthwal clarified that no concessions would be given to the UK in the import of electric, hybrid and hydrogen-powered vehicles in the first five years of the implementation of the deal.'Market access in EV is given mostly in the high price segment of vehicles priced above 80,000 British pounds,' he said.
India Today
an hour ago
- India Today
Rubio praises Pak's ‘partnership in countering terrorism' after meeting Ishaq Dar
US Secretary of State Marco Rubio met with Pakistan's Deputy Prime Minister and Foreign Minister, Ishaq Dar, in Washington on Friday. The two leaders held wide-ranging talks on strengthening bilateral ties, trade cooperation, and regional to X, Rubio said he thanked Dar for 'Pakistan's partnership in countering terrorism and preserving regional stability.' The leaders also discussed ways to expand bilateral trade and deepen collaboration in the critical minerals and mining with Pakistani Deputy Prime Minister and Foreign Minister @MIshaqDar50 today to discuss expanding bilateral trade and enhancing collaboration in the critical minerals sector. I also thanked him for Pakistan's partnership in countering terrorism and preserving regional Secretary Marco Rubio (@SecRubio) July 25, 2025advertisementAccording to US State Department spokesperson Tammy Bruce, Secretary Rubio expressed appreciation for 'Pakistan's continued willingness to play a constructive role in mediating conversations with Iran and its commitment to preserving regional stability.' The two sides also discussed plans for the upcoming US-Pakistan Counterterrorism Dialogue set to be held in Islamabad this August. The talks included enhancing cooperation against terror groups such as ISIS-K, as both nations seek to broaden counterterrorism efforts in the Rubio stressed the importance of 'expanding mutually beneficial bilateral trade' and exploring future opportunities for joint work in the minerals sector, an area gaining strategic significance amid growing global demand for critical to Arab News, Ishaq Dar is on an eight-day visit to the US, during which he chaired multiple United Nations Security Council (UNSC) meetings as part of Pakistan's rotating presidency this meeting comes just days after Rubio announced that the United States would designate The Resistance Front (TRF), a front for the Pakistan-based terror group Lashkar-e-Taiba (LeT), as both a Foreign Terrorist Organization (FTO) and a Specially Designated Global Terrorist (SDGT).TRF had claimed responsibility for the April 22 terror attack in Jammu and Kashmir's Pahalgam, which killed 26 people.- EndsTune InMust Watch
Time of India
an hour ago
- Time of India
Rajnath Singh to initiate debate on Operation Sindoor in Lok Sabha on Monday
NEW DELHI: Defence minister Rajnath Singh is set to initiate a discussion on Operation Sindoor in Lok Sabha on Monday while PM Narendra Modi is likely to intervene amid indications that he may use the much-anticipated debate to turn the heat on opposition, which wants to corner the government over alleged intelligence failures and US President Donald Trump's ceasefire claims. The first week of monsoon session of Parliament ended without much business with just one bill passed, parliamentary affairs minister Kiren Rijiju on Friday reiterated that govt was ready to discuss all issues including the Pahalgam attack and Operation Sindoor. The day also witnessed a floor leaders' meeting with Lok Sabha Speaker Om Birla after which his secretariat claimed that all parties agreed to ensure smooth functioning of Parliament next week when discussion on Pahalgam attack and Operation Sindoor will take place in both Houses for 16 hours each. However, a few opposition parties are still firm to continue with protests over SIR exercise, which Election Commission has now announced to carry out nationwide. Sources said Union home minister Amit Shah, external affairs minister S Jaishankar and BJP MPs Anurag Thakur and Nishikant Dubey are expected to take part in the discussion in Lok Sabha. PM Modi is expected to speak in both the Houses. Besides, Rajnath and Jaishankar will be among ministers who will also take part in the discussion in Rajya Sabha. TDP's Lavu Sri Krishnadevaraya and GM Harish Balayogi are expected to take part in discussion on Operation Sindoor in Lok Sabha. Sources said the party has been allotted 30 minutes. Samajwadi Party, its chief Akhilesh Yadav and MP Rajiv Rai will take part in the debate. Opposition parties have agreed to the agenda of taking up a special discussion on the Pahalgam terror attack and Operation Sindoor on Monday in Lok Sabha and the next day in Rajya Sabha, brightening the prospect of normalcy returning to Parliament after the virtual washout of first-week proceedings. Rijiju blamed opposition for washout of the first week of monsoon session, accusing it of not allowing Parliament to function despite govt agreeing to its demand for a discussion on these issues right from the session's start. Asked about opposition's demand that Parliament discuss the special intensive revision of electoral rolls in Bihar, he said all issues cannot be taken up at once and govt will take a call on other matters gradually. With the electoral rolls revision exercise being seen in govt circles as Election Commission carrying out its mandate, the possibility of a discussion on the contentious issue is slim, sources said. Opposition has alleged that the drive is aimed at helping BJP-led alliance, which is in power in poll-bound Bihar as well. From the treasury benches, Speakers are likely to include its members who were part of the seven all-party delegations which had travelled to over 30 world capitals to convey India's robust stand against terrorism and Pakistan's role in abetting it.
