https://www.taxtmi.com/news?id=57939 India is negotiating multiple free trade agreements and a proposed Bilateral Trade Agreement with partners including the US, EU, Oman, Chile, Peru, New Zealand and Eurasia; five rounds with the US have been held aiming to conclude a first tranche by October-November 2025 to increase bilateral trade to USD 500 billion by 2030 from USD 191 billion. US-imposed measures-a 25% reciprocal tariff plus a 25% penalty tied to purchases of Russian crude-have resulted in an effective 50% additional duty on certain Indian imports. en-us Mon, 06 Oct 2025 20:31:04 +0530 Mon, 06 Oct 2025 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=57939 India is negotiating multiple free trade agreements and a proposed Bilateral Trade Agreement with partners including the US, EU, Oman, Chile, Peru, New Zealand and Eurasia; five rounds with the US have been held aiming to conclude a first tranche by October-November 2025 to increase bilateral trade to USD 500 billion by 2030 from USD 191 billion. US-imposed measures-a 25% reciprocal tariff plus a 25% penalty tied to purchases of Russian crude-have resulted in an effective 50% additional duty on certain Indian imports. News - Mon, 06 Oct 2025 20:31:04 +0530 https://www.taxtmi.com/news?id=57939