Photo Credit -  Medium     

During Prime Minister Narendra Modi's state visit to the United States, fruitful discussions took place, leading to a significant decision by India

Photo Credit -  The Economic Times                          

India has chosen to remove additional duties on eight American products, namely chickpeas, lentils, apples, almonds, walnuts, boric acid, and diagnostic reagents

Photo Credit - the United Nations       

As part of the agreement, both countries have committed to resolving six World Trade Organization (WTO) disputes, contributing to a fair and balanced trade environment

Photo Credit - Good Fruit Grower   

This move is particularly welcomed by US apple growers, as it reopens the Indian market valued at around USD 120 million, allowing them to regain access and expand their business

Photo Credit - The Hindu            

The United States is India's largest trading partner, and this decision signifies a positive step towards enhancing trade relations between the two nations

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Bilateral goods trade between India and the US reached USD 128.8 billion in 2022-23, showcasing the significance of this economic partnership

Photo Credit  - Times of India           

This decision will benefit various sectors, promoting economic cooperation and creating opportunities for further growth and collaboration

India initially imposed additional duties in 2019 as a response to US tariffs on specific steel and aluminium products, citing national security concerns

Photo Credit - The Economic Times        

The process of removing the duties is expected to be completed within 90 days, and the tariffs will revert to the currently applied most-favoured-nation (MFN) rates after India notifies the change

Photo Credit -  The Hans India     

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