
India and the US have revived talks for a limited scope trade deal as Washington seeks to cut its trade deficit. ET takes a look at the numbers: Concessions India gave to USLower tariffs on bourbon, motorcycles, ICT products, metalsHigher market access for US agri productsMore American medical devices sold in IndiaWTO ISSUES RESOLVEDCountervailing measures on certain hot-rolled carbon steel flat products from IndiaIndia’s export related measureIndia’s measures for solar cells, modulesUS’ measures related to renewable energyUS’ measures on steel, aluminium productsAdditional duties on certain products from the USReciprocal tariffsUS to levy matching tariffs on Indian goodsUSTR to decide reciprocity based on product, sectorIndia faces 15-35% duty on textiles, garments, footwearMinimal impact on India-Less than 5% tariff on 75% US exports to IndiaHigh tariffs on Indian labour intensive goodsOther partnerships 4-pillared Indo-Pacific Economic FrameworkInitiative on Critical and Emerging Technology for semicon manufacturing

Source link
Follow Us:
https://facebook.com/gagab2b
https://youtube.com/gagab2b
https://gagab2b.com