US exporters continue to encounter significant barriers in India

Published 2021년 4월 1일

Tridge summary

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%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.