CANBERRA — Australia and the European Union (EU) on Tuesday finalized a free trade agreement (FTA) worth AUD10 billion (approximately $7 billion) alongside a Security and Defense Partnership (SDP), marking the conclusion of eight years of negotiations. Read More: UK open to looser ‘Australia-style’ trade deal with EU The FTA is expected to expand market access for Australian […]
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U.S. sanctions force India to ditch $33B Russian oil contracts
India has finally yielded to U.S. pressure, deciding to stop buying Russian oil, ending a decade-long trade agreement. Reliance Industries, owned by billionaire Mukesh Ambani, will no longer import Russian crude. The move follows threats of high U.S. tariffs affecting India’s trade relations. The U-turn means Reliance will now source expensive oil from the Middle […]
Pakistan, US agree on tariff cuts and oil partnership
Pakistan and the United States have finalized a significant trade agreement aimed at boosting bilateral commerce and investment. The deal was announced on Wednesday night, following high-level meetings in Washington. While tariff details remain undisclosed, both sides confirmed plans to reduce trade barriers. Finance Minister Muhammad Aurangzeb led the Pakistani delegation, which included top officials. […]
Aurangzeb in U.S. to seal trade agreement
Pakistan’s Finance Minister Muhammad Aurangzeb has flown to the United States to finalize a long-awaited trade agreement. This is his second visit in two weeks, signaling urgency in negotiations. His office confirmed that key talks with U.S. officials will take place during the trip. Foreign Minister Ishaq Dar earlier said both sides are “very close” […]
Netanyahu, Trump set for high-stakes talks amid rising tariffs
Israeli Prime Minister Benjamin Netanyahu announced plans to visit the United States next week for high-level talks with President Donald Trump, following Israel’s recent 12-day war with Iran, which Netanyahu described as a “great victory.” The visit, confirmed in a statement ahead of a cabinet meeting, will include discussions with senior U.S. officials such as […]
US terminates Turkey’s preferential trade agreement, reduces tariffs on steel
The United States on Thursday terminated Turkey’s preferential trade treatment that allowed some exports to enter the country duty free, but it has halved its tariffs on imports of Turkish steel to 25%. The White House said it was appropriate to terminate Turkey’s eligibility to participate in the Generalized System of Preferences (GSP) program, based […]