Fieo Expects Stable 10–15% tariff regime on us trade pact is finalized – CNBC tv18

India is aiming for a more predictable tariff regime in its trade with the us as discusations on a bilateral trade agreement (BTA) Continue. Ajay Sahai, Director General and Ceo of the federation of Indian Export Organizations (FIEO), said, “We are looking into a kind of stable situation with India at a tariff of 10–15%.”

Currently, About 55% of India’s Exports – Including Textiles, GEMS and Jewelry, Leather, Toys, Handicrafts, Chemicals, Plastic and Some Engineering Goods -Fae A 50% TARIFAF FOM AUGF FOROM AUGEF 27. “Most of our competitors are having tarifs in the range of 15–20% and the differentice of 30–35% will not be possible for the industry to bridge in,” Sahai Said, Warning THATS THATS TOTS to the use September.

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He explained that countries such as indonesia, vietnam, the eu and the uk benefits from lower duties through bilateral trade agreements. “We are also engaged in the bta with the us. Once the bta is finalized, even this 25% will come down to 10–15% depending on the negotiation Give and take,” He said. Part of the duty, linked to russian oil imports, may also change with geopolitical developments.

Talks are ongoing, thought delayed. “The negotiator is supposed to be in India this week. He noted that both governments have set the fall of 2025 as the terminal date, giving time until October to this year to make progress.

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For now, Exporters Have Front-Lorated Shipments to the US, Building Inventories. However, if the 50% tariff continues, roughly $ 47-48 billion worth of expenses should be at risk. “Had it been just a 25% tariff, it could have been managed. But we are not losing hope,” sahai said. “Once the negotiation concludes, India will be in a much better position than many of our compensation counties.”

For the full interview, watch the decompanying video

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