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India–USA Interim Trade Agreement (ITA)
📅 Published 09 Feb 2026 · February 2026
India–USA Interim Trade Agreement (ITA)
Why in News?
India and the USA agreed on the framework for an Interim Trade Agreement (ITA) on 7 February 2026, paving the way for a comprehensive Bilateral Trade Agreement (BTA).
Key Highlights
- India to reduce tariffs on several industrial and agricultural products imported from the USA.
- USA to impose 18% reciprocal tariff on selected Indian exports.
- USA to remove security-related tariffs on Indian aircraft and aircraft parts.
- India plans to purchase USD 500 billion worth of US goods over five years.
- Expansion of trade in advanced technology products such as GPUs and data-centre equipment.
UPSC Mains
GS-II: India–USA Strategic Relations
GS-III: International Trade, Tariff Policy
📝 Relevant Exams:
UPSC