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Indian updates
India and Maldives concluded the first round of negotiations for a free trade agreement and bilateral investment treaty
India and Maldives successfully concluded trade negotiations for a free trade agreement and a Bilateral Investment Treaty (BIT) marking a significant milestone in bilateral economic relations. The virtual discussions which took place from 29th June to 7th July 2026, focused on market access, streamlining trade procedures, and strengthening cooperation across key sectors, including tourism, digital payments, services, investments, fisheries, and start-ups.
India and Canada set to conclude trade negotiations over the India-Canada Comprehensive Economic Partnership Agreement by the end of this year
India and Canada advanced discussions on the proposed Comprehensive Economic Partnership Agreement, with the third round of talks held from 6th to 10th July 2026. Canada has emphasized that the agreement intends to provide preferential market access for Canadian goods and services in India. The negotiations also highlighted mutual focus on trade in energy, critical minerals, agri-food, clean technologies, education, and services.
India and Israel conclude second round of negotiations over the bilateral trade agreement
India and Israel conclude the second round of negotiations for the free trade agreement from 20th to 23rd July 2026. The discussions covered a broad range of areas, including trade in goods and services, rules of origin, technical barriers to trade, intellectual property rights, customs procedures, trade facilitation, and economic cooperation.
Global Updates
South Korea and Mongolia finalise Economic Partnership Agreement
On 9th July 2026, South Korea and Mongolia signed a Comprehensive Economic Partnership Agreement, establishing a new framework for trade, investment and supply chain cooperation. The agreement is Mongolia’s second trade agreement after an agreement with Japan and is designed to diversify the country’s export markets beyond mining and reduce its reliance on China. The agreement provides for tariff liberalization for Mongolian-origin rare earth minerals including copper. For Mongolia, the Agreement ensures market access to South Korea’s consumer goods such as cosmetics, ramyeon, dried seaweed etc.
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