Overview

• India is seeking export control parity with key US allies like Australia, the UK, and Japan, particularly in sectors such as AI, semiconductors, and biotechnology.
• The US is expected to propose mechanisms like trusted partner programs or project-specific licenses instead of blanket exemptions for export controls.
• India is also negotiating duty concessions for its labor-intensive export sectors, including textiles, gems, and agricultural products.
• The US is pushing for tariff reductions on industrial goods, electric vehicles, wines, dairy products, and agricultural exports like apples and tree nuts.
• The finalized 19-chapter framework for the trade agreement includes provisions on tariffs, goods, services, and customs facilitation, with talks now advancing in Washington.