US-India Trade Talks Address Tariff Reductions on Footwear (HS Code 6402.91)
Recent bilateral trade discussions between the US and India focused on reducing tariffs on footwear with uppers of rubber or plastics under HS Code 6402.91. Both nations aim to boost exports and address market access issues.
2023-10-15
Impact: Potential reduction in tariffs could increase US exports of such footwear to India, while Indian manufacturers may gain better access to the US market, fostering mutual trade growth.
India Imposes Temporary Import Restrictions on Certain Footwear Categories
India introduced temporary import restrictions on specific footwear, including items under HS Code 6402.91, to protect domestic manufacturers. This affects US exporters shipping rubber or plastic upper footwear.
2023-09-22
Impact: US exporters may face reduced market access to India in the short term, with potential delays and increased costs due to compliance with new import regulations.
US Trade Representative Reviews Footwear Trade with India
The US Trade Representative (USTR) initiated a review of trade policies concerning footwear under HS Code 6402.91 with India, aiming to address non-tariff barriers and enhance bilateral trade.
2023-08-30
Impact: This review could lead to streamlined trade processes, potentially benefiting US exporters by reducing barriers and improving market competitiveness in India.