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Zero for zero tariff strategy – India
March 17 , 2025
7 hrs 0 min
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- Recently, the Confederation of Indian Textile Industry (CITI) has suggested a zero for zero tariff agreement with the US in the textile and apparel sector.
- India and the US have agreed to double bilateral trade to $500 billion by 2030.
- And both negotiates the first phase of a bilateral trade agreement by the fall of 2025.
- Zero-for-zero tariff is an approach where the two countries can identify specific product categories and to eliminate the levies on them, instead of imposing a blanket range of tariffs or inking a broader trade deal.
- India held a trade surplus of around $46 billion with the US in 2024.
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