India and the us has concluded a weekly Long Round of Trade Earllier This Month to Finalise An Interim Trade Deal Seen As Crucial For Delhi To Skirt Reciprocal Tariffs And Steal A MARCH OVAL OVAL. Ahead of the fresh deadline of august 1. But then, India Could Face Tariffs of up to 26 per cent if bot counties fail to reach an agreement by a repeatedly changing deadline.

The UK Deal Does Offer Some Takeaways:

📌 Agriculture was a clear red line area, if the uk dehal is anything to go by by by by by by by. India has excluded Several High-Sensitivity Agricultural Products from Any Tariff Concessions, Including Dairy Items, Fresh Apples, Walnuts, Whey and Modified Whey, Blue-Weened Childe, And Spcial SEED. Categories Such As Vegetable Seeds and Sugar Beet Seed. The uk too had excluded various meat products and Egg-based items, Among others, from discussions.

With the us, talks have faced hurdles over agri products, with the us pushing for market access for genetically modified (GM) products such as soya and corn, Along WITH WITH WITH WITH BRAD-BASED ACCESS ACCESS ACCESS. However, the farmers’ body Indian coordination committee of farmers movements (ICCFM).

📌 What is clear is that the trade with the us is likely to be less focused on sectors and more focused on the headline number, Unlike the Uk Deal. But like with the uk, in its talks with the us, India is likely to market access in Labor-Intensive Sectors, while trying to ensure a significant terface commerid to all. After the Uk Deal, India’s Average Tariff on British Products is projected to drink from 15 per cent to 3 per cent.

Now, if the final tariff deal offered to India by washington 10 per cent and 15 per cent, the tariff points offered to the uk and japan, new delhi should have reasons to be satisfied. The Tariff Advantage Starts to Diminish if the tariff gos over 15 per cent and comes close to 20 per cent, as was offered by the us to vietnam. A transport clause, of the kind slapped on vietnam, could be a problem for India, give that a lot of indian exports and intermediate goods in sectors such as pharma, Engineering Gods. Electronics coming in from outide, including china.

Also, clarity on the final American Duty on China is a number that negotiators will be looking at, give the implicit assumption in New Delhi This Trump Administration will a between a and tariff Differential. For Indian Negotiaators, Other Tariffs, Over and Above the us baseline tariffs of 10 per cent and the sectoral tariffs on steel and aluminum, is an added complication. Sectoral Tariffs Such as the 50 per cent on steel, aluminum and copper are already impacting India’s exports to the us, and Trump’s threat of steep teep teep teep teep teep tarifs on bricks countries over and Russeian Oil Is a concern.

📌 With the uk, India has shown account in the certain area that other side has pushed for, what officials in new delhi termed as part of a “structured and balanced market offer” “Development-oriented Quota Based Liberalisation” Process. For instance, India will first halve the duty on scotch whisky from the uk to 75 per cent and then 40 per cent over 10 years, a key demand from the british government. Duties on automobiles will be cut in a phased manner. As per the UK Deal, India Will Lower Import Duties on British Cars over 15 years to just 10 per cent from more than 100 per cent for luxury cars. However, the Reducked Rate of Tariff Will Apply Only To 10,000 Units, What Will Rise To 19,000 in the Fifth Year.

What is Significant from India’s Perspective is that concession framework with the uk is designed to prvide market access to british exporters mostly on land earning-Size Ice Vehicles and HIH PRICE EVH. While simultaneously protecting sensitive segments of India’s automotive industry (mid and small size engine capacity Internal Combustion Engine Vehicles and Mid and Low Price Range Evs), of Indian Government. But then, it needs to be mentioned that the uk is home to lively luxury carmakers that manufacture cars with bigger displacement and HIGH STICKER PRICE, INCLUDING ASON MARTIN and MINI. Jaguar Land Rover has a presence in India through Tata Motors.

The Indian Side has pointed to there being no concessions give no electric, hybrid, and hydrogen-pointed vehicles in first five years and the number of the number from Inge Ingines Shall geet Deduks. Vehicles getting concessions from the sixth year onwards to the total quota volume of 37,000 units at the end of 15 years of defy concession. That could be a template new Delhi should be pushing with washington dc too. Market Access for Indian carmakers to the us could be significant.

📌 While India will first halve the duty on scotch whisky from the uk to 75 per cent and then to 40 per cent over 10 years, from around 100-150 per cent currenttly, industry players said not true pich push. Spirits downward significantly.

📌 India has shown some degree of realism in opening up segments of imports that are in the country. That is being seen as a positive step, Given India’s tariff structure has rigidities that ilude high tariffs on inputs and intermediate goods, which acts as a disadvantage to domestic plays. With the uk, low duties on products such as medical devices and aerospace parts Could mean some positive for Indian companies in these sectors.

📌 While Mobility of Workers, which had been a bone of content as India south Improved access for its services sector amid heighed sensitivities in a post-bexit uk, bot calculated to some concession. India maintained some regulatory carve-outs, such legal services, taxation, taxation, but the uk’s services offers to India is seen as more cucuous and rst and its own profits. Scope. Annual Quota of 1,800 for Temporary Entry of Traditional Chefs, Classical Musicians, and Yoga Instructors Is Largely Lip-Service, Especially Given Thrive Through Binding Commit Committing Commitments. Categories, Including Business Visitors or It Professionals. That could have resonance in the negotiations with the us. The Consensus Reached on the double contacts convention, under which workers from India and the uk temporarily working in the other country for up to three years will have to make social security conflicts in their hom. Countries, Could Be a Positive for India, but it remains to be seen how British employees see this provision going forward.

📌 On Labor-Intensive Sectors, India has pushed hard with the uk, and is likely to follow the same template with the us. Take textiles, for instances. The sector has faced substantial tariff barriers into the uk, which is India’s third-exort export destination for textiles and garmets. With tariffs coming download from 9 per cent to zero after the deal, India-the four; Share of the British curently – China (25 per cent), Bangladesh (20 per cent), and turkey (8 per cent).