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India-US Trade Deal "Almost Done"; Goyal Seeks Tariff Edge for Exporters
M
Moneycontrol•24-09-2026, 20:14
India-US Trade Deal "Almost Done"; Goyal Seeks Tariff Edge for Exporters
- •Commerce Minister Piyush Goyal announced the India-US trade agreement is "almost done and dusted."
- •The focus is now on securing a competitive tariff advantage for Indian exporters over rival countries.
- •India has consistently sought preferential rates from the US compared to its competitors.
- •The agreement's execution hinges on finalizing a framework for this competitive advantage.
- •Negotiations for the broader Bilateral Trade Agreement, launched in February 2025, cover market access, tariffs, and supply-chain resilience.
Key Questions Answered
The India-US trade agreement is almost finalized, but its execution depends on securing a competitive tariff advantage for Indian exporters over rival countries and competing nations in the region, ensuring duties remain lower than those of competitors.
India and the United States launched negotiations for a broader Bilateral Trade Agreement in February 2025, covering key areas like market access, tariffs, digital trade, and supply-chain resilience.
President Donald Trump signed legislation giving the US authority to impose tariffs of up to 100 percent on countries continuing significant purchases of Russian energy, prompting India to study the details and implications of the law.
