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Piyush Goyal says India-US deal finalized but won't enter force without tariff edge over ASEAN rivals
Deccan Herald··26 Jun
Deccan Herald reported the commerce minister told London's India Global Forum UK-India Week that an FTA is about comparative advantage over Vietnam Thailand Philippines China Malaysia Bangladesh and Sri Lanka.
Prism
What It Means For You
- Export competitiveness depends on tariff advantage over rivals.
- Deal signing awaits US legal tariff mechanisms.
- July 24 is a key date for temporary US levies.
What's Happening
- Goyal said no US deal without competitive advantage.
- He spoke at UK-India Week in London.
- Tariff parity with ASEAN rivals is the sticking point.
Negotiation Stakes
- February framework set 18 percent tariff for India.
- Supreme Court struck down IEEPA tariff authority.
- Greer held talks in New Delhi this week.
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