India-US Trade Deal Nears Completion: Joint Statement Expected Soon
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News18•03-02-2026, 21:59
India-US Trade Deal Nears Completion: Joint Statement Expected Soon
- •Union Commerce Minister Piyush Goyal announced the India-US trade deal is in its final stages, promising a significant boost for India's future.
- •The deal reduces US tariffs on India from 50% to 18%, addressing long-standing issues faced by Indian traders, exporters, and marine/textile sectors.
- •Sensitive sectors like agriculture and dairy have been protected, ensuring their interests are not compromised.
- •The agreement is expected to benefit various industries including tech, marine, small and medium enterprises, IT, auto components, textiles, footwear, and gems and jewelry.
- •High-quality technology and investment are anticipated to flow into India from the US, strengthening bilateral relations beyond just trade.
Why It Matters: The India-US trade deal is in its final stages, promising economic growth and protection for key Indian sectors.
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