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Positive movement expected soon on US–India bilateral trade agreement
The US–India trade agreement may move positively later this month, removing duty pressure that currently inflates Indian product import cost by around fifty percent due to sanction spillovers.
The United States–India Bilateral Trade Agreement could see a favourable update by late November, according to senior trade-linked commentary. Indian goods currently suffer nearly fifty percent higher import duties because of secondary sanctions tied to Russian oil procurement mechanics, distorting competitiveness versus peer emerging markets.
Market observers note that easing of this surcharge could trigger export share recapture, higher value-chain utilization and better margin normalization for several core manufacturing verticals. Diplomatic sources expect accelerated negotiation cadence ahead of calendar year close to lock scope boundaries.