Core Points - India and the United States are expected to sign a formal trade agreement in March, which will involve India reducing tariffs on U.S. goods [1][5] - The agreement will see the U.S. reduce tariffs on Indian exports from 50% to 18%, while India commits to purchasing approximately $500 billion worth of U.S. goods over the next five years, including $70 to $80 billion in Boeing aircraft [1][5] - The formal signing process of the agreement is expected to take 30 to 45 days, with a joint statement to be released in four to five days [1][6] Trade and Economic Impact - Following the announcement of the trade agreement, the Indian stock market experienced an increase, indicating reduced uncertainty in the bilateral relationship [2][6] - India plans to increase its procurement of energy, aircraft, and chips from the U.S., with total orders for aircraft, engines, and parts valued at approximately $100 billion [6] - Tata Group's airline has ordered nearly 200 aircraft from Boeing, while Akasa Air has ordered 226 Boeing 737 MAX planes [6] Agricultural Concerns - The main opposition party in India is pressuring the government to disclose details of the agreement, particularly regarding the openness of the agricultural sector [3][7] - Officials have indicated that India will provide limited market access for U.S. agricultural products while retaining key industrial protection measures [4][8]
印度贸易部长:印美将于3月签署贸易协定