On Thursday, July 24, the Ministry of Outside (MEA) answered the question associated with the “re -development of tariffs to Indian exports” by the United States and stated that India and the USA work on the completion of the “first transes of mutually beneficial, multi -world bilateral commercial agreement (BTA).
The Foreign Ministry also stated that the business teams of both countries are currently engaged in active BTA negotiations and discussions are “aimed at adopting an integrated approach to further strengthening and deepening bilateral business relations, including increased market access, decreased tariffs and non-tariff barriers and integrating supplier chains”.
The question came from Shiv Sena (UBT) MP Priyanka Chaturvedi, who asked “a) whether the government took note of the recent announcement of the United States Administration regarding the re -exports of Indian exports, including the proposed 26 percent duty to the selected sector; Explanation: The possible impact of trumps of mutual tariffs on India
In response to a question raised by Mos Mea Kirti Vardhan Singh, he said: “On April 2, 2025, the US announced the imposition of other ad valores of reciprocal duties from 185 countries (including the European Union).
“From April 9, 2025, this was to be revised on the country -specific tariffs. The reciprocal tariff -related tariff was set at 26%. A 90 -day pause, by July 9, 2025, was entitled to a significantly lower 10%tariff.
Speaking of interviews about the secondary clocks of Foreign Ministers Quad in Washington DC, Mea said that the Minister of Outdoor Affairs with Jaishankar referred to the BTA and “both parties acknowledged the importance of maintaining positive momentum in these negotiations.”
(Tagstotranslate) bilateral trade agreement
