New Delhi, Feb 7 (IANS) India and the US have reached a framework for an interim agreement regarding reciprocal and mutually beneficial trade, which will include additional market access commitments and support more resilient supply chains.As part of the pact, the US will also tariffs on certain aircraft and aircraft parts of India imposed to eliminate threats to national security found in Proclamation 9704 of March 8, 2018.Similarly, consistent with US national security requirements, India will…
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New Delhi, Feb 7 (IANS) The trade agreement will help India and the US remain focussed on working together to further deepen economic cooperation, reflecting shared commitment to sustainable growth for our people and businesses, Commerce and Industry Minister Piyush Goyal said on Saturday.India has reached a framework for an Interim Agreement with the US.“This will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen. The increase in exports will create lakh…
New Delhi, Feb 7 (IANS) As the United States and India finalised an interim trade agreement that reduces US tariffs on Indian goods to 18 per cent, Prime Minister Narendra Modi on Saturday hailed the development, calling it ‘great news’ for both nations. Taking to social media platform X, PM Modi said, “Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties betw…
Washington, Feb 7 (IANS) India gained tariff relief, better market access, and a stronger competitive position in the United States under a new interim trade framework announced by Washington and New Delhi.The two countries said they have reached a framework for an Interim Agreement on “reciprocal and mutually beneficial trade.” The move keeps talks on track for a full US-India Bilateral Trade Agreement, launched by President Donald Trump and Prime Minister Narendra Modi last February.Both s…