In a strategic push to expand trade with the United States, the Federation of Indian Export Organisations (FIEO) has identified over 300 high-potential export items and is calling for tariff concessions to boost India’s competitiveness in the US market.
The move comes as India navigates a shifting global trade environment and seeks to solidify its position as a major export partner to the US — already India’s largest export destination with $86.5 billion in shipments last year.
Key Highlights:
- 408 products shortlisted by FIEO — accounting for two-thirds of India’s exports to the US.
- Key sectors include:
- Frozen shrimps (40% of US imports already from India)
- Pharmaceuticals, smartphones, textiles, footwear, chemicals, carpets, electronic goods, and diamonds
- FIEO urges tariff cuts to counter global competition, especially in labour-intensive sectors.
- Trade talks are ongoing — led by Special Secretary Rajesh Agarwal — with a key meeting expected before August 1, ahead of proposed tariff changes under the Trump administration.
- Potential risk: High US duties (up to 26%) on select items like carpets and shrimps could affect India's edge.
- Geopolitical friction may influence negotiations — US pressure on India’s BRICS alignment and oil ties with Russia could complicate tariff decisions.
What to Watch:
India’s next round of negotiations will be crucial in determining how many of these export items gain easier US market access — potentially unlocking billions in additional trade.
