India Pursues Zero-Duty Pact with US
India is considering offering zero-duty imports to the US across various sectors, including those supported by the Production Linked Incentive (PLI) scheme, in response to the US's 26% reciprocal tariff. This move aims to accelerate progress toward a bilateral trade agreement (BTA) and enhance economic cooperation between the two nations.
The success of the proposed trade agreement will depend on enforcing robust rules of origin and aligning closely with industry stakeholders to identify sectors that can sustainably benefit from zero-duty terms.