Page 57 - English 01-15 March, 2026

India-USA Interim Trade Agreement | INTERNATIONAL

UNITED STATES-INDIA JOINT STATEMENT that it will consider India’s request to reduce tariffs
on Indian goods during the BTA negotiations.
This interim trade agreement between the United States and India n The United States and India have agreed to
is based on mutual interests and concrete outcomes. It also reflects strengthen the economic security framework to
a shared commitment to balanced trade. Key terms of the interim enhance supply chain resilience and innovation. To
trade agreement between the United States and India… this end, complementary actions will be taken to
n India will eliminate or reduce tariffs on all U.S. address non-market policies of third parties.
industrial goods and a wide range of U.S. food and n India intends to purchase $500 billion worth
agricultural products, including dried distillers’ grains of energy products, aircraft and aircraft
(DDGs), red sorghum for animal feed, tree nuts, fresh components, precious metals, technology
and processed fruit, soybean oil, wine and spirits, and products, and coking coal from the
additional products. United States over the next five years.
n The USA will amend the April 2, 2025, Executive
Order, under which it will impose a reciprocal tariff
rate of 18 percent on goods manufactured in India,
including textiles and apparel, leather and footwear,
plastics and rubber, organic chemicals, home
furnishings, handicraft products, and certain machinery.
n The USA will remove tariffs imposed on certain
Indian aircraft and aircraft parts.
n The United States and India commit to provide
each other preferential market access in sectors of
respective interest on a sustained basis.
n The USA and India will establish manufacturing
regulations that ensure that the benefits of the
agreement accrue primarily to both countries.
n The USA and India will address non-tariff barriers
affecting bilateral trade.
n With the aim of facilitating compliance with
applicable technical regulations, the USA and
India will discuss their respective standards
and conformity assessment processes for
mutually agreed sectors.
n The United States and India
agree that in the event of any
change in tariffs imposed by
either country, the other
country may modify
its commitments.
n The United
States
confirms

between the two countries and said the framework preneurs, MSMEs, start-up innovators and fisher-
reflects the growing depth, trust and dynamism of men, while generating large-scale employment for
the India-US partnership. The Prime Minister noted women and youth. He said that the framework will
that the agreement will strengthen ‘Make in India’ deepen investment and technology partnerships,
by opening new opportunities for farmers, entre- strengthen resilient and trusted supply chains,

March 1-15, 2026 || NEW INDIA SAMACHAR 55