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Vietnam, Bangladesh, others rush to strike trade deals with US
April 08, 2025
|Financial Express Lucknow
India need to speed up BTA talks, say experts
VIETNAM, A KEY competitor of India, has offered zero duties on all US imports in response to the 46% additional tariffs by the Donald Trump administration. Bangladesh, which too is a rival for India in global markets for textiles, may also offer duty concessions to the US to mitigate the impact of tariffs.
As these moves could create challenges for India, experts said while India has a comparative advantage on tariffs while exporting to the US, to sustain it the Bilateral Trade Agreement (BTA) between the two countries should be completed expeditiously.
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