India and the US have finalised a framework for the first phase of the bilateral trade agreement, which is expected to be signed by mid-March. Goyal said reciprocal tariffs on India are now among the lowest compared to its competitor nations. These countries include China , Thailand , Myanmar , Cambodia , Bangladesh , Indonesia , Brazil , and Vietnam . With lower tariffs, India’s labour-intensive sectors, such as textiles, leather and footwear, handicrafts, chemicals, and gems and jewellery, will be more competitively priced in the US market compared to these nations. “So, we have to see our competitive advantage…
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