India offers limited access to agri goods; protects staples, dairy
India and the US have finalized the first phase of a trade deal, leading to reduced reciprocal tariffs on Indian exports to 18%. This move benefits labor-intensive sectors like textiles and leather, while India has carefully opened up to American imports, protecting sensitive agricultural and dairy products. Several Indian food items will also gain zero-duty access to the US market.
India and the US have finalized the first phase of a trade deal, leading to reduced reciprocal tariffs on Indian exports to 18%. This move benefits labor-intensive sectors like textiles and leather, while India has carefully opened up to American imports, protecting sensitive agricultural and dairy products. Several Indian food items will also gain zero-duty access to the US market. What's Your Reaction?
