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Bilateral trade between India and the United States, India’s largest trading partner, exceeded $118 billion in 2023/24, with India registering a trade surplus of $32 billion.
The Trade Act of 1974 required the trade status of PRC be reviewed annually. On May 15, 2000, Representative William Reynolds Archer, a Republican from Texas, introduced H.R. 4444 to make the trade status of China permanent, saying that the bill was a top priority for the rest of the year and it was vital to the U.S. agriculture market to have access to a market that accounts for one-fifth of ...
In a joint news conference with Modi, Biden called the relationship between the U.S. and India among the most consequential in the world and "more dynamic than at any time in history ...
Following a call between President Donald Trump and Indian Prime Minister Narendra Modi, India is seeking to boost bilateral ties and trade with the U.S. amid an already friendly relationship ...
The India–United States Civil Nuclear Agreement also referred to as the "123 Agreement", signed on October 10, 2008, is a bilateral agreement for peaceful nuclear cooperation which governs civil nuclear trade between American and Indian firms to participate in each other's civil nuclear energy sector.
The status of permanent normal trade relations (PNTR) is a legal designation in the United States for free trade with a foreign state. The designation was changed from most favored nation (MFN) to normal trade relations by Section 5003 of the Internal Revenue Service Restructuring and Reform Act of 1998.
But there is one nation that is not a formal security ally but can become a natural partner for U.S. national security and economic interests: India. In fact, how America approaches its relations ...
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...