India is conducting a thorough review of tariff data to resolve discrepancies in bilateral trade figures ahead of upcoming trade negotiations with the US.
🔹 𝐊𝐞𝐲 𝐅𝐨𝐜𝐮𝐬 𝐀𝐫𝐞𝐚𝐬:
✅ 𝐀𝐥𝐢𝐠𝐧𝐢𝐧𝐠 𝐓𝐫𝐚𝐝𝐞 𝐃𝐚𝐭𝐚 – Addressing differences in reported export-import values between both nations
✅ 𝐓𝐚𝐫𝐢𝐟𝐟 𝐀𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭𝐬 – Reviewing duty structures to boost trade efficiency
✅ 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐢𝐧𝐠 𝐁𝐢𝐥𝐚𝐭𝐞𝐫𝐚𝐥 𝐓𝐢𝐞𝐬 – Ensuring smooth policy discussions on trade barriers
✅ 𝐒𝐞𝐜𝐭𝐨𝐫𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭 – Focus on automobiles, electronics, and agriculture
📊 India-US trade surpassed $118 billion in 2023, and this review aims to foster transparency and growth in future trade relations.
#IndiaUSTrade #BilateralRelations #TariffReview #GlobalTrade #EconomicGrowth