India, US seal interim trade pact framework

India-US trade deal: India’s exports of about $44 billion to the US will enter the American market at zero reciprocal tariffs under the first phase of the BTA, which is expected to be signed by mid-March. This will include spices, tea, coffee, copra, coconut oil, certain nuts, banana, guava, mango, bakery goods, and home decor.

India-US trade deal: The framework targets balanced trade, supply chain resilience and deeper technology cooperation. India intends to buy $500 billion of US energy & tech products, aircraft & parts, precious metals, tech products, coking coal over 5 years.

India-US trade deal: India’s exports of about $44 billion to the US will enter the American market at zero reciprocal tariffs under the first phase of the BTA, which is expected to be signed by mid-March. This will include spices, tea, coffee, copra, coconut oil, certain nuts, banana, guava, mango, bakery goods, and home decor.

India and the US have inked an interim trade deal, paving the way for duty-free exports across numerous sectors, including textiles, leather, and aviation. Global aerospace giants Boeing and Airbus are eyeing India as a major foreign Original Equipment Manufacturer base for aircraft components, signaling significant growth potential and excitement for the bilateral partnership.

There’s no clarity yet on the level of import duty reduction by India on US tree nuts comprising walnuts, almonds and pistachios. The domestic industry however believes that any duty cut would lead to lower prices, driving consumption among Indian consumers.

India-US trade deal: India will get tariff-free access to certain aircraft and aircraft parts from the US under the framework for an interim bilateral trade agreement announced by both countries, according to a joint statement. India will also receive a preferential tariff rate quota for auto parts and negotiated outcomes on generic pharmaceuticals and ingredients, […]

India-US trade deal: Union Finance Minister Nirmala Sitharaman welcomed the India-US interim trade deal and reaffirmed commitment to stronger bilateral ties. Sharing the joint statement on X, she said, “India-US issue a joint statement: announces ‘a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade (Interim Agreement).’ We remain committed to negotiating the […]

US President Trump has lifted a 25% tariff on Indian goods, fulfilling a trade deal contingent on India ceasing Russian oil imports. The agreement also includes a reduction in reciprocal levies and India’s commitment to purchase $500 billion in US energy and other products over five years.