India–U.S. aerospace trade terms shift on tariffs and market access

Economic Times
Economic Times 4d India, USA
India and the United States agreed to grant zero-duty access for aerospace components exported from India to the U.S. and to cut tariffs on aerospace products from 50% to 18%.
India–U.S. aerospace trade terms shift on tariffs and market access
Why it matters
Officials said the agreement puts India’s aerospace component exports to the U.S. on a zero-duty footing comparable to supply chains in Europe, Japan and South Korea, with operational details expected to be clarified in the coming days. The deal also reduces tariffs on aerospace products to 18% from 50%. The excerpt cites current annual India aerospace export estimates of about $1.5 billion for Airbus and $1.25 billion for Boeing, and notes Boeing has indicated it will double sourcing from India.
TOPICS

Business & Markets Aerospace & Defense

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