India

Bangladesh approves shooting team India tour, days after T20 World Cup ban | Olympics News

Bangladesh cricket lost their place at T20 World Cup after refusal to play in India, but shooting team heads to New Delhi.

Bangladesh ‌has approved its shooting team’s tour to New Delhi for ‍next month’s Asian ‍Shooting Championships, days after the cricket team’s refusal to play in India due to safety concerns cost them a place at the Twenty20 World Cup.

Bangladesh have been replaced by Scotland in ⁠the T20 World Cup, which runs from February 7 to March 8, ​after they insisted they would not tour India, highlighting security ‍concerns following soured political relations between the neighbours.

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The International Cricket Council (ICC), citing independent security assessment reports, dismissed Bangladesh’s demands to play their World Cup matches in Sri Lanka, the tournament ‍cohosts, ⁠instead, arguing the late change in schedule was “not feasible”.

However, media reports in Bangladesh said a three-member contingent comprising shooter Robiul Islam, his coach Sharmin Akhter and jury member Saima Feroze had received approval from the Ministry of Youth and Sports to compete in New Delhi.

The National Rifle Association of India (NRAI) secretary-general, Pawan Singh, confirmed the shooting team’s participation in India.

“Bangladesh’s participation was confirmed a month ‌ago. Our applications for clearances for all nations have been in process for almost three months,” Singh told the Reuters news agency.

“We have to follow ISSF norms as a ‌sport and comply with the IOC (International Olympic Committee) charter, and as NRAI, we have always received support ‌from the government,” he said, referring to the International Shooting Sport Federation.

Singh added that the Bangladesh contingent ⁠did not request any extra security measures.

“The Bangladesh team has come to our tournaments many times, so they know our strict protocols well. Maybe that’s why they are confident and ‌have not made any special requests.”

The Asian Shooting Confederation, which is organising the event, did not immediately respond to a request for comment.

The continental ‍rifle and pistol shooting championship will be held in New Delhi from February 2 to 14.

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What will be the impact of the EU-India trade pact? | International Trade News

The ‘mother of all trade deals’ comes months after the United States slapped tariffs on India and the European Union.

One of the biggest trade deals in history has been struck by India and the European Union, months after United States President Donald Trump hit both with tariffs.

What’s in the agreement – and how much is driven by Washington’s unpredictable measures?

Presenter: Tom McRae

Guests:

Brahma Chellaney – Professor emeritus of strategic studies at the Centre for Policy Research in New Delhi

Remi Bourgeot – Associate fellow at the French Institute for International and Strategic Affairs in Paris

Dhananjay Tripathi – Senior associate professor in the Department of International Relations at South Asian University in New Delhi

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EU inks ‘mother of all trade deals’ with India amid global turmoil

After months of intense negotiations, the European Commission concluded on Tuesday a free-trade deal with India which sharply reduces tariffs on EU products from cars to wine as the world looks for alternative markets following President Donald Trump’s tariff hit.

The announcement was made during a high-level visit by European authorities including Commission President Ursula von der Leyen. Both countries hailed a “new chapter in strategic relations” as the two looks for alternatives to the US market.

India is currently facing tariffs of 50% from the Trump administration, which has severely dented its exports. After sealing the Mercosur deal with Latin American countries earlier this month, the EU has said it aims to speed up its trade agenda with new partners.

“We did it – we delivered the mother of all deals,” von der Leyen said after the deal was announced. “This is the tale of two giants who choose partnership in a true win-win fashion. A strong message that cooperation is the best answer to global challenges.”

Talks went down to the wire with negotiators meeting over the weekend and in the early hours of Monday. The deal says it will bolster the “untapped” potential of their combined markets but did not include politically sensitive sectors such as agriculture.

The EU’s powerful trade chief Maroš Šefčovič, who in charge of negotiating on behalf of the 27 EU member states, said Brussels aims for a fast implementation by 2027.

In an interview with Euronews from Delhi after the deal was announced, Šefčovič said the India deal showcases the EU’s new approach when it comes to trade: more pragmatic on deliverables, rather than getting stuck on political red lines.

“We resumed negotiations with a new philosophy, being very clear in saying: if this is sensitive for you, let’s not touch it,” Šefčovič told Euronews, describing the strategy as a gamechanger.

A win for European exports looking to tap Indian market

Under the agreement, the EU aims to double goods exports to India by 2032 by cutting tariffs on approximately 96% of EU exports to the country, saving around €4 billion a year in duties. At its full potential, the deal creates a market of 2 billion people.

Europe’s carmakers emerge as beneficiaries, with Indian customs duties gradually reduced from 110% to 10% under a quota system. Tariffs in sectors including machinery, chemicals and pharmaceuticals will also be almost entirely eliminated.

Wine and spirits, key exports for countries like France, Italy and Spain, will see duties reduced from 150% to around 20 to 30%. Olive oil duties will be cut to zero from 40%.

After years of tensions with EU farmers, the Commission said sensitive agricultural products had been excluded from the agreement, leaving out beef, chicken, rice and sugar.

When it comes to India, the agreement keeps trade terms on dairy and grain untouched in line with the demands of the Indian authorities, which saw it as a red line.

The Commission, which negotiated the deal on behalf of the EU’s 27 member states, said it included a dedicated sustainable development chapter “which enhances environmental protection and addresses climate change.”

The agreement does not cover geographical indications, another contentious area for negotiators, which will be addressed in a separate deal aimed at protecting EU products from imitation on the Indian market.

Deal cut under pressure from Trump’s tariffs

The timing of the deal is important as the two sides look to de-risk their economies from the threat of Trump’s tariffs.

The EU saw tariffs triple to 15% last year under a contentious deal and India is currently operating under a 50% tariff regime from Washington.

The Trump administration slapped an additional 25% duty on India last year as punishment for buying Russian oil, which India has defended citing a need for cheap energy to power a country of 1.4 billion people.

Talks between the EU and India first began in 2007 but quickly ran into hurdles.

Negotiations were relaunched in 2022 and talks intensified last year as the two sought to cushion the impact of Trump’s return to the White House.

After the deal was signed during a two-day trip on Tuesday, in which the chiefs of the Commission and the European Council were guest of honour, the EU said the deal showcases that “rules-based cooperation” remains the preferred path for the bloc – and a growing number of partners from Latin America to India.

Before the deal can be implemented, the European Council and the European Parliament will have to ratify it, which can become an arduous process.

The Commission hopes to begin implementing the agreement from January 2027.

This story has been updated with comments by Commissioner Šefčovic to Euronews. Watch online and on television.

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India, EU agree on ‘mother of all’ trade deals | International Trade News

India and the European Union have agreed on a huge trade deal creating a free trade zone of two ‌billion people, European ​Commission President Ursula ‍von der Leyen and Indian Prime Minister Narendra Modi have said.

In a post on X during her visit to New Delhi on Tuesday, von der Leyen said the two parties were “making history today”.

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“We have concluded the mother of all ​deals. ‌We have created a free trade zone of two ‌billion people, with ‌both sides ⁠set to benefit,” she added.

Modi said the landmark agreement, following nearly two decades of on-and-off ​negotiations, had been reached, hailing its benefits before a meeting with von der Leyen and European Council President Antonio Costa.

“This deal will bring many opportunities for India’s 1.4 billion and many millions of people of the EU,” he said.

The deal will cover about 25 percent of the global gross domestic product (GDP), Modi said, adding that India will get a boost in sectors including textiles, gems and jewellery, and leather goods.

The trade pact comes amid a push by Brussels and New Delhi to open up new markets in the face of tariffs imposed by the United States and Chinese export controls.

It will pave the way for ‍India, the world’s most populous nation, to open up its huge, protected market to free trade with the 27-nation EU, its biggest trading partner.

The EU views India as an important market for the future, while New Delhi sees Europe as an important potential source of technology and investment.

The formal signing of the deal will take ‌place after legal vetting, expected to last five to six months, the Reuters news agency reported, quoting an Indian government official aware of the matter. The official said the deal was expected to be implemented within a year.

EU exports ‘expected to double’

The EU said it expected its exports to India to double by 2032 as a result of the deal.

Bilateral trade between India and the EU in goods has already grown by nearly 90 percent over the past decade, reaching 120 billion euros ($139bn) in 2024, according to EU figures. Trade in services accounts for a further 60 billion euros ($69bn), EU data shows.

Under the agreement, tariffs on 96.6 percent of EU goods exports to India would be eliminated or reduced, EU officials said. The deal would save up to 4 billion euros ($4.74bn) a year in duties on European products, officials said.

Among the products that would have tariffs all or mostly eliminated were machinery, chemicals and pharmaceuticals.

Tariffs on cars would gradually reduce to 10 percent with a quota of 250,000 vehicles a year, officials said, while EU service providers would gain privileged access to India in key areas such as financial and maritime services. Tariffs on EU aircraft and spacecraft would be eliminated for almost all products.

Tariffs would be cut to 20-30 percent on EU wine, 40 percent on spirits, and 50 percent on beer, while tariffs on fruit juices and processed food would be eliminated.

“The EU stands to gain the highest level of access ever granted to a trade partner in the traditionally protected Indian market,” von der Leyen said on Sunday. “We will gain a significant competitive advantage in key industrial and agri-good sectors.”

Last-minute talks on Monday had focused on several sticking points, including the impact of the EU’s carbon border tax on steel, sources familiar with the discussions told the AFP news agency.

Talks on the India-EU trade deal were launched in 2007, but for many years made little progress. However, Russia’s full-scale invasion of Ukraine led to the relaunch of talks in 2022, while United States President Donald Trump’s aggressive tariff policy spurred rapid progress in negotiations.

India and the EU also announced the launch of a security and defence partnership, similar to partnerships the EU has with Japan and South Korea, as von der Leyen said Brussels and New Delhi would grow their strategic partnership further.

The moves come as India, which has relied on Russia for key military hardware for decades, has tried to reduce its dependence on Moscow by diversifying imports and pushing its domestic manufacturing base, while Europe is doing the same with regard to Washington.

The EU-India deal comes days after Brussels signed a key pact with the South American bloc Mercosur, following deals last year with Indonesia, Mexico and Switzerland. During the same period, New Delhi ​finalised pacts with the United Kingdom, New Zealand and ‌Oman.

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