Coverage
What this agreement covers.
Trade Policy Forum, mini-deal exploration, GSP suspended
Key benefits
Why this agreement matters.
- ✓ USA is India's largest bilateral trade partner (USD 190B)
- ✓ Indian IT services dominant (USD 80B+)
- ✓ India GSP suspended since 2019
- ✓ Mini trade deal / IPEF alternative being explored
India position
How this FTA relates to India.
Both parties — USD 190B bilateral trade, no FTA
Aggregate trade volume among parties: USD 190B
Risk framework
FTA compliance risks.
| Risk | Assessment | Mitigation |
|---|---|---|
| USA GSP (Generalized System of Preferences) suspended for India since 2019 | High — Indian goods face MFN tariffs in USA | Lobby for GSP restoration through FICCI/CII Washington office; consider IPEF engagement |
| USA Section 232 tariffs on Indian steel and aluminium | High for steel/aluminium exporters — 25%/10% additional tariffs | Apply for Section 232 exclusion; consider rerouting via third countries with FTAs |
Beneficiary verticals
Which sectors benefit.
Cited from
Referenced by these country pages.
United States of America
Frequently asked
FAQ · India-USA TPF.
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