<ul><li>A zero-for-zero tariff strategy under the proposed bilateral trade agreement between India and the US is unlikely, as the two countries are at different levels of economic development.</li><li>India and the US have targeted to conclude the first phase of the trade pact by fall of this year, with an aim to more than double the bilateral trade to $500 billion by 2030.</li><li>The India-US agreement will be a "package" deal, covering various issues such as goods and non-tariff barriers.</li><li>Under the proposed trade pact, the US may seek duty concessions in sectors like industrial goods, automobiles, wines, and agriculture items; while India may look at duty cuts for sectors like apparels, textiles, and gems.</li></ul>

Zero-For-Zero Tariff Strategy Under Proposed India-US Trade Pact Unlikely

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