Indian exporters have received a major boost regarding trade with the United States. Commerce Minister Piyush Goyal announced that zero duty will now be levied on several key items sent from India. This decision comes after high-level talks between New Delhi and Washington aimed at easing business rules. It aims to help Indian products reach American markets at lower costs. Farmers and factory owners will benefit directly from this tax relief as their goods become more competitive.
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Which items are on the Zero Duty list?
The government has identified specific sectors where this benefit applies to help local industries. High-value goods like gems and diamonds will enter the US without extra duty, which helps hubs in Gujarat and Maharashtra. This exemption is also applicable to smartphones and pharmaceutical products, which are exported in large numbers. In the agriculture sector, farmers growing spices, tea, and coffee will see zero tariffs. Even fresh fruits like mangoes and vegetables are included.
| Category | Items with Zero Duty |
|---|---|
| Food & Drink | Tea, Coffee, Spices, Coconut Oil |
| Dry Fruits | Cashew Nut, Brazil Nut, Chestnut |
| Manufacturing | Gems, Diamonds, Smartphones |
| Others | Pharma, Aircraft Parts, Silk |
How will this benefit Indian Traders?
This agreement opens up a massive market for Indian sellers by removing the extra cost burden. The reduction of duties makes Indian goods cheaper for American buyers compared to before. This is expected to increase orders for local factories and farms, creating more jobs for youth and women. The Minister also clarified that sensitive items like dairy and sugar are kept out of this deal to protect local farmers. This ensures that while exports grow, domestic interests remain safe from foreign competition.
