India Pushes for Trade Pact with US to Gain Tariff Advantage Over Competing Nations

India is focused on obtaining a tariff advantage over its competitors, including Vietnam, Bangladesh, and Indonesia, in the bilateral trade agreement (BTA) that is currently being negotiated with the United States, according to sources. Commerce and Industry Minister Piyush Goyal and his team are working towards ensuring that India gains a favorable position in terms of tariffs compared to other nations in the region. By seeking this advantage, India is hoping to boost its exports and strengthen its position in the global market. The country sees the trade pact with the US as an opportunity to level the playing field and enhance its competitiveness against countries that currently enjoy preferential treatment in American markets.