Washington, Feb 10 (IANS) Days after President Donald Trump unveiled a trade deal with India, the White House said negotiations will continue on unresolved tariff and non-tariff barriers, even as a newly released fact sheet detailed key features of the agreement and its implementation roadmap.The fact sheet follows last Friday’s joint statement issued after a call between Trump and Prime Minister Narendra Modi, during which the two leaders agreed on a framework for an Interim Agreement on reci…
Latest Bilateral Trade Agreement News & Updates
New Delhi, Feb 9 (IANS) The India-US Bilateral Trade Agreement (BTA) marks a major milestone in India’s global trade engagement, securing sustained preferential access for exports in the US market valued at over $30 trillion, according to an official statement issued on Monday.The agreement delivers comprehensive tariff rationalisation, zero-duty access across large product categories, enhanced digital and technology cooperation, and a carefully calibrated framework to safeguard India’s farm…
New Delhi, Feb 7 (IANS) The interim tariff agreement marks a significant development in the US-India trade relations, potentially expanding market access for exporters in both countries and providing a stable and comprehensive trade framework, industry said on Saturday.India and the United States have finally signed an interim tariff agreement aimed at reducing trade barriers and strengthening bilateral economic cooperation. “The framework was agreed upon in ongoing negotiations to expand two-…
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…
Washington, Feb 7 (IANS) US President Donald Trump’s trade dealmaking is opening India’s vast market to American products by lowering tariffs on US industrial and agricultural goods, US Trade Representative Jamieson Greer said.Greer spoke on Friday after the White House issued a joint statement announcing a framework for an Interim Agreement between the United States and India on reciprocal and mutually beneficial trade.“President Trump’s dealmaking is unlocking one of the largest econom…
Washington, Feb 7 (IANS) The United States and India announced a framework for an Interim Agreement on reciprocal, mutually beneficial trade, a step aimed at advancing talks toward a broader bilateral trade pact, as the White House formally announced to reduce the tariff on imports of Indian products from 25 per cent to 18 per cent.According to a joint statement, the framework reaffirms both sides’ commitment to negotiations on a US-India Bilateral Trade Agreement. Those talks were launched by P…
New Delhi, Feb 5 (IANS) India is set to roll out the first tranche of its Bilateral Trade Agreement (BTA) with the United States in matter of days which will see a reduction in tariffs on domestic exports to 18 per cent, Commerce and Industry Minister Piyush Goyal said on Thursday.The minister said that a joint India–US statement is likely to be released in the next four to five days. Once an executive order is issued following the statement, the reduced 18 per cent US tariff on Indian goods w…
New Delhi, Dec 25 (IANS) India saw highest engineering exports of this fiscal at $11.01 billion in November, driven by a favourable base effect and a sharp jump in shipments to the US and EU, industry data showed on Thursday.Exports to India’s top two major destinations, the US and the EU, jumped significantly in November this year. Exports to the EU witnessed a hefty 39 per cent increase in November after declining in the previous two months.During November this year, engineering exports achiev…
New Delhi, Dec 22 (IANS) Commerce and Industry Minister Piyush Goyal said on Monday that India and the United States are in the advanced stages of negotiating a bilateral trade agreement. Goyal told journalists that India has already finalised free trade agreements with three members of the Five Eyes (FVEY) intelligence alliance — Australia, the UK, and New Zealand. The US and Canada comprise the other two members of the grouping.The minister said that they are also preparing to re-engage Cana…