Describes trade agreements this country is a party to. Includes resources where U.S. companies can get information on how to take advantage of these agreements.
Presently, India shares preferential market access and economic cooperation through trade agreements with over 50 countries. The following table lists the major bilateral and regional agreements that India has signed and implemented:
There is no trade agreement between India and the United States. In April 2018, the United States launched an eligibility review of India’s compliance with the General System of Preferences (GSP) market access criteria, and in March 2019 decided that India no longer met the criteria and revoked India’s GSP status. Termination of GSP benefits removed special duty treatment for $5.6 billion of Indian exports to the United States, affecting India’s export-oriented sectors such as pharmaceuticals, textiles, agricultural products, and automotive parts. The United States and India continues to hold discussions on trade issues.