India wants tariff edge before signing final US trade deal: Piyush Goyal
India awaits US tariff advantage for trade deal finalization. The agreement was announced on February 3, 2026, reducing US tariffs on Indian goods. New Delhi seeks a clear tariff edge over competing manufacturing economies. India has protected its agriculture and dairy sectors under the agreement. Sectors like MSMEs and textiles will benefit from lower tariffs.
India and Belgium have set a target to double their bilateral trade within five years, extending their partnership beyond traditional commerce to include defence, clean energy, critical minerals, and semiconductors. Prime Minister Narendra Modi and Belgian Prime Minister Bart De Wever made these announcements during a joint press conference in Hyderabad, emphasizing the potential complementarity between Belgium's expertise and India's scale.
The two countries already enjoy a significant economic relationship, with bilateral trade reaching approximately $13.01 billion in 2025-26, and Belgium's cumulative foreign direct investment in India amounting to around $4.2 billion since 2000.
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- From diamonds to defence: India, Belgium target 2x trade in 5 years economictimes.indiatimes.com
