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  • Trade Relation of India and America: Group 1

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    shreyansh chaudhary
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    1. The document discusses trade relations between India and the United States, including key exports and imports between the two countries. 2. It outlines some issues in the trade relationship such as tariffs, agriculture barriers, localization policies, and defense trade. 3. Recent developments are highlighted such as agreements on intelligence sharing and defense partnerships, as well as discussions on transforming agriculture and assessing digital trade policies.

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    1. The document discusses trade relations between India and the United States, including key exports and imports between the two countries. 2. It outlines some issues in the trade relationship such as tariffs, agriculture barriers, localization policies, and defense trade. 3. Recent developments are highlighted such as agreements on intelligence sharing and defense partnerships, as well as discussions on transforming agriculture and assessing digital trade policies.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11 views7 pages

    Trade Relation of India and America: Group 1

    Uploaded by

    shreyansh chaudhary
    1. The document discusses trade relations between India and the United States, including key exports and imports between the two countries. 2. It outlines some issues in the trade relationship such as tariffs, agriculture barriers, localization policies, and defense trade. 3. Recent developments are highlighted such as agreements on intelligence sharing and defense partnerships, as well as discussions on transforming agriculture and assessing digital trade policies.

    Copyright:

    © All Rights Reserved
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    of 7

    GROUP 1

    TRADE RELATION OF 1. kumar sonal


    2. Manas Narula

    INDIA AND AMERICA 3. Gayatri Nimbasan


    4. Riddhi Agarwal
    5. Poornima Payasi
    6. Raghvender
    pratap singh
    7. Ridhi agrwal
    INTRODUCTION
    Country do trade to exchange
    similar benefits
    unique relation set as world oldest
    and largest democracy
    Indo-America trade began off in
    early1990s
    India is the 8th largest trading
    partnering goods and services
    trade facts between India and USA
    EXPORT
    WHAT DO INDIA EXPORTS TO THE USA Organic Chemicals
    8.5%
    Machinery
    5.6%
    Precious stone and metal
    Iron and steel 29.6%
    4.2%

    Mineral Fuel

    Precious stone and Metal 12.7%

    Textile
    Pharma
    Mineral fuel Pharma

    Organi c chemicals 15.5% taxtile


    23.9%

    Iron and steel


    Machinery
    IMPORT
    WHAT DOES INDIA IMPORT FROM THE US Organic chemicals
    7.4%
    Mineral
    7.4%

    precious stone
    Machinery
    Machinery 24.1%
    51.9%

    Medical and Surgical equipment


    Aircraft
    Plastic
    Cotton and cotton waste Aircraft
    Wood pulp 9.3%

    Chemical
    Ja
    nu

    -40,000
    -20,000
    0
    20,000
    40,000
    60,000
    80,000
    ar
    Fe y
    br 20
    ua 21
    ry
    M 20
    ar 21
    ch
    20
    Ap 21
    ril
    20
    M 21
    ay
    20
    Ju 21
    ne
    20
    21
    Ju
    ly
    Au 20
    gu 21
    st
    TO 202
    TA 1
    L
    Ja 20
    nu 21
    ar
    Fe y
    br 20
    ua 20
    ry
    M 20
    ar 20
    ch
    20
    Ap 20
    ril
    20
    M 20
    ay
    Trade Deficit

    20
    Ju 20
    ne
    20
    20
    Ju
    ly
    Au 20
    gu 20
    ep st
    te 20
    m 20
    be
    O r2
    ct 02
    ob 0
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    em 02
    be 0
    ec r2
    em 02
    be 0
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    TA 0
    L
    20
    20
    Issues in the Trade Relationship

    TARIFFS AGRICULTURE
    multiple practices and regulations that Sanitary and phytosanitary (SPS) barriers in
    disadvantage foreign companies. India limit USA agricultural exports

    GENERALIZED SYSTEM OF PREFERENCE "FORCED" LOCALIZATION


    duty-free benefits to Indian exporters The United States continues to press India on
    its “forced” localization practices.

    SERVICES DEFENSE TRAD


    USA's temporary visa policies The United States urges more reforms in India’s
    defense offsets policy and higher (FDI) caps in
    its defense sector.
    Recent developments

    PRODUCERS’ MANDATE TRUMP MAKES FIRST VISIT TO INDIA


    producers of plastic packaging material to Despite years of negotiations aimed at resolving trade
    collect all of their produce by 2024 issues, officials do not reach an agreement, with
    divisions remaining over agricultural products, tariffs,
    and other areas.
    OFFICIALS SIGN DEAL TO
    BOOST INTELLIGENCE SHARING TRANSFORMING INDIAN AGRICULTURE
    It allows for the sharing of sensitive geospatial A policy framework to guide US-India partnership
    data to boost the accuracy of Indian drones and
    cruise missiles.
    DEFENSE PARTNERSHIP ASSESSING INDIAN DIGITAL TRADE POLICIES
    The Communications Compatibility and Security Trade policy has come to the fore as a growing number
    Agreement (COMCASA) gives India access to advanced of countries restrict exports of critical medical supplies
    communication technology used in U.S. to ensure sufficient availability for patients in-country

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