US exporters continue to encounter significant barriers in India

게시됨 2021년 4월 1일

Tridge 요약

The Biden administration's 2021 National Trade Estate Report on Foreign Trade Barriers has identified significant tariff and non-tariff barriers that continue to hamper US exports into India. Despite India's economic reforms and initiatives like 'Make in India' and 'Self-Reliant India' aimed at favoring domestic production, the US continues to seek improved market access. The report highlights a growing US goods trade deficit with India, reaching USD 23.8 billion in 2020, and notes concerns over India's tariff disparities and high agricultural tariff rates, some reaching up to 300%.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

The Biden administration has alleged that US exporters continued to encounter significant tariff and non-tariff barriers that impede the imports of its products into India.In its annual 2021 National Trade Estimate Report on Foreign Trade Barriers, the US Trade Representative (USTR) said on Wednesday that while the Indian government pursued ongoing economic reform efforts, it also continued to promote programmes like ‘Make in India’ that favour domestic production over importation.“Additionally, in May 2020, Prime Minister Narendra Modi announced the “Self-Reliant India” (Atmanirbhar Bharat) initiative to increase self-sufficiency by promoting domestic industry and reducing reliance on foreign suppliers,” the USTR said in the India section of the voluminous report running into more than 570 pages.“The United States has actively sought bilateral and multilateral opportunities to increase access to India’s market,” it said. “Nevertheless, U.S. exporters continue to encounter ...

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