Business

India and US Accelerate Trade Deal Progress: Easing Barriers on Apples and Shrimp for Stronger Bilateral Ties

India-US Trade Deal: A Leap Forward

Significant progress has been made in reducing bureaucratic hurdles affecting trade between India and the United States, particularly in the commodities of apples and shrimp. This development marks a pivotal step towards strengthening bilateral trade relations.

Shrimp Exports to US: Overcoming Challenges

India, the leading shrimp exporter to the US, faces challenges including an 18% tariff and shipment rejections due to issues like suspected antibiotic content. A recent USFDA delegation visit aimed at establishing a Regional Partnership Agreement (RPA) could revolutionize this trade sector.

Boosting bilateral trade: India, US move swiftly to ease apple, shrimp trade barriers amidst deal progress

Apple Imports from US: Simplifying Procedures

India is considering procedural simplifications for US apple imports, addressing certification requirements that have previously hindered trade. This change could significantly benefit US exporters and Indian consumers alike.

Looking Ahead: Broader Implications

The proposed trade adjustments extend beyond apples and shrimp, with potential changes for Ready to Drink alcohol and other commodities, signaling a comprehensive effort to enhance India-US trade relations.