Agriculture Apparel Bangladesh Boycott Cambodia China Economy Import India Indian Indonesia Japan Malaysia New Delhi Oil Pakistan Pharmaceutical Senate South Korea Switzerland Taiwan Tariff Thailand Turkey University
India has secured a lower 10 per cent US tariff under Washington’s new Section 301 forced-labour regime, placing it on par with Bangladesh, Sri Lanka, Indonesia, Malaysia and Pakistan after New Delhi tightened its import rules to prohibit goods made with forced labour. The tariffs India is facing are simultaneously below the 12.5 per cent rate that will apply to economies including Vietnam, Thailand, China and Turkey. Trade experts cautioned that while the lower tariff band is a positive outcome, New Delhi must ensure that any bilateral trade agreement (BTA) with the US also addresses unresolved issues such as the…
News Timeline:
Track the development of this news story across the Internet.