India-US Trade Pact: Commerce Ministry Seeks Exporters' Inputs Amid Tariff Uncertainty
New Delhi, Sep 1: The commerce ministry has asked industry and exporters to share their concerns regarding access to the US market so that the issues can be taken up with their American counterparts, an official said on Tuesday. The industry official said that some exporters urged the ministry to try to conclude the trade pact with the US at the earliest to reduce the uncertainties on the tariff…
The commerce ministry in India has sought input from industry and exporters on concerns related to accessing the US market, particularly in light of tariff uncertainties. During a meeting chaired by Additional Secretary Darpan Jain, the chief negotiator for the India-US bilateral trade agreement, exporters expressed the need to finalize the trade pact with the US as soon as possible to minimize tariff-related uncertainties.
The meeting, which included representatives from various sectors such as pharmaceuticals, engineering, textiles, agriculture, chemicals, marine products, leather, automobiles, auto components, handicrafts, and plastics, aimed to discuss recent trade trends, sector-wise performance, and recent developments in bilateral trade between India and the US.
The India-US trade pact negotiations have been ongoing since February, when both sides finalized the framework for the first phase. US tariff hikes, including a recent 10% tariff on several countries, have impacted Indian exporters by making Indian goods less price-competitive in the US market compared to competitors like Sri Lanka, Bangladesh, Thailand, Cambodia, Vietnam, Indonesia, and Malaysia.
Despite this, India's exports to the US grew marginally in 2025-26, while imports increased significantly.
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