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Date: 15/04/2025

Zero-for-zero tariff off the table in BTA with US

The government has decided to avoid the option of a zero-for-zero tariff policy under the ongoing negotiations with the United States for a bilateral trade agreement (BTA). This is due to the realisation that, given the country’s relatively low per capita income, it would still need to keep reasonable tariffs for a wide range of agricultural items and even some industrial goods. New Delhi may not even go for product-by-product tariff parity with the US. Instead, it would stick to the concept of bringing down the overall (average) tariff level to a much lower level for the US. Product-wise sensitivities won’t be ignored while being broadly accommodative of the US interests. The decision comes even though a section of the domestic industry, including export-intensive electronics and textiles & clothing, has recommended that zero tariff may be offered to the US, as per a report.
 
Source: Exim News Service: New Delhi, April 14



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