Combining India's design expertise and fabrication incentives with Malaysia's mature chip assembly, testing, and packaging ecosystem, the collaboration aims to enhance competitiveness in the global market, an official said. Malaysia is among the few countries in Indo-Pacific region that has a
Sylvia Plath was a titan of 20th-century literature, celebrated for her raw, "confessional" poetry and her semi-autobiographical novel, The Bell Jar. Though she died by suicide at age 30. Sylvia Plath stands as one of the most powerful literary voices of the 20th century
After a bruising week, it's hard to overstate the mess that Andrew Mountbatten-Windsor and Sarah Ferguson find themselves in. But increasingly it appears it's a mess their daughters also can't escape. The newly released emails indicate that Jeffrey Epstein had a bigger presence than previously
Official confirmation of the exact payout figures is expected to be released via a press statement on the BCCI's official website. While the International Cricket Council (ICC) maintains a strict policy of not providing official prize money for the Under-19 World Cup
The victory also marks a historic moment for the nation, as India now holds an unprecedented five concurrent world titles across various formats and age groups. As the final wicket fell at the Harare Sports Club, Ayush Mhatre did more than just secure a trophy; he etched his name into a lineage of
John Cassidy senses something significant about current-day debates about capitalism. In the past decade, capitalism has experienced a profound crisis of legitimacy, “one that extended to the right as well as the left”. Both left-wing socialists and right-wing nationalists have
Google executives are facing pressure from staff over the company's ties to the federal government's crackdown on immigration enforcement, which in recent months turned violent and deadly. In an open letter published on Friday, nearly 900 full-time Google employees demanded more transparency over
A group of retired civil servants and former diplomats on Friday urged the Supreme Court and the president to take cognisance of recent remarks made by Assam Chief Minister Himanta Biswa Sarma about Bengali Muslims in the state, saying that the comments amount to a “brazen” violation of
US, India unveil framework for interim trade agreement; What's in the deal
US, India unveil framework for interim trade agreement; What's in the deal
The two countries have also agreed to strengthen cooperation on standards and conformity assessment procedures to simplify compliance and allow adjustments to commitments if either side changes agreed tariffs.
The United States and India have unveiled a framework for an Interim Agreement focused on reciprocal and mutually advantageous trade, marking a major step towards progressing the wider US-India Bilateral Trade Agreement (BTA) negotiations, which were initiated by President Donald Trump and Prime Minister Narendra Modi in February 2025, according to a joint statement from the White House and India's Commerce Ministry.
Under the framework, India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, including dried distillers' grains, red sorghum for animal feed, tree nuts, fresh and processed fruits, soybean oil, wine and spirits, among others.
The statement highlighted that the Interim Agreement between the United States and India marks a historic milestone in the bilateral partnership, reflecting a shared commitment to balanced, reciprocal trade grounded in mutual interests and tangible results.
Add Zee News as a Preferred Source
Removal and reduction of tariffs
As per the joint statement, US will, in turn, US will apply 18% reciprocal tariff on India-origin goods under the applicable executive order, covering sector such as textiles and apparel, leather and footwear, plastics and rubber, organic chemicals, home decor, artisanal products, and certain machinery.
"Subject to the successful conclusion of the Interim Agreement, the US will remove reciprocal tariffs on a wide range of goods, including generic pharmaceuticals, gems and diamonds, and aircraft parts."
The framework also allows for the elimination of US tariffs on certain Indian aircraft and aircraft components that were imposed under national security-related proclamations on aluminum, steel, and copper. India will benefit from a preferential tariff rate quota for automotive parts, in line with US national security requirements.
Additionally, depending on the results of a US Section 232 investigation, India is expected to secure negotiated terms for generic pharmaceuticals and pharmaceutical ingredients, the statement noted.
Provide each other a preferential market access
The statement added that both countries have pledged to provide each other with preferential market access in mutually important sectors on a sustained basis and to establish rules of origin to ensure that the agreement's benefits primarily favor the United States and India. The statement also noted that the two sides will also address non-tariff barriers affecting bilateral trade.
India has agreed to take measures to resolve longstanding obstacles in areas such as US medical devices, information and communication technology products, and food and agricultural goods, and to review the acceptance of US-developed or international standards in specified sectors within six months of the agreement's implementation.
India plans to purchase $500 billion worth of US products
The two countries have also agreed to strengthen cooperation on standards and conformity assessment procedures to simplify compliance and allow adjustments to commitments if either side changes agreed tariffs. Beyond the Interim Agreement, both countries indicated they will pursue further market access expansion through the BTA negotiations, with the US stating it will consider India's request to continue efforts to reduce tariffs on Indian goods during the discussions.
India signaled its plan to procure $500 billion worth of US energy products, aircraft and aircraft components, precious metals, technology products, and coking coal over the next five years. The two countries also agreed to substantially boost trade in technology products, including graphics processing units for data centers, and to deepen joint technology collaboration.
The framework emphasises enhanced economic security alignment, covering collaboration on supply chain resilience, investment reviews, export controls, and responses to non-market practices by third parties.
The Washington and New Delhi further pledged to address barriers to digital trade and to establish a roadmap for robust, mutually beneficial digital trade rules under the BTA. The two sides will soon implement the framework and work toward finalising the Interim Agreement, aiming conclusion of comprehensive and mutually beneficial Bilateral Trade Agreement
Source: ZeeNews
Related Posts: India-EU FTA to improve price competitiveness for Indian auto component makers India eyeing collaboration across different sectors during PM's Malaysia visit Major Blow for India India’s cheapest 7-seater car Greek Defence Minister on India visit India likely to add 2 India reacts to Trump’s Russian oil claim India Wins U19 WC US, India release framework for interim trade deal India, Malaysia to set up multi-layer chip collaboration during PM Modi's trip
Union home minister Amit Shah is on a three-day visit to J&K and arrived in the winter capital of Jammu on Thursday night where he was received by LG Manoj Sinha, CM Omar Abdullah and senior BJP leaders, including Leader of the Opposition in the Assembly Sunil Sharma
Just now
Yoga guru Baba Ramdev also joined him on stage, where they discussed a range of topics including the India–US trade agreement and the changing global order. During the conversation, Baba Ramdev also targeted the Opposition. The fourth edition of ‘Zee Samvaad with Real Heroes' is being
Just now
The United States announced fresh sanctions on Iran's oil exports on Friday, including targeting 14 vessels, moments after the two countries wrapped up a day of indirect talks in Oman amid escalating tensions over Tehran's recent crackdown on a wave of protests
Just now
Good health is often judged by physical appearance, but celebrity nutritionist Rujuta Diwekar believes this approach misses the bigger picture. Kareena Kapoor's long-time nutritionist says real wellness is not about flat abs or looking fit on the outside
Just now
The Union Public Service Commission (UPSC) released a notification on Wednesday, announcing 933 vacancies for the Civil Services Examination (CSE) and Indian Forest Service (IFS) Examination 2026. However, the guidelines governing eligibility restrict candidates already appointed or selected as IAS
Just now
Pakistan's Defence Minister Khawaja Asif promised that the Shehbaz Sharif-led government will respond forcefully after a suspected suicide blast at a Shiite mosque in Islamabad that killed at least 31 people on Friday, while blaming the Taliban regime in Afghanistan for the attack
Just now
As part of the framework, India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, including dried distillers' grains, red sorghum for animal feed, tree nuts, fresh and processed fruits, soybean oil, wine and spirits, among others
Just now
A Noida man's attempt to earn extra money through a side business has become a cautionary tale for many salaried employees. What appeared to be an easy approach to earn extra cash ended up being an expensive lesson in the difficulties of operating a small business
Just now
The European Commission has proposed a broad ban on services supporting Russia's seaborne crude oil exports, aiming to significantly cut Moscow's war funding. This move goes beyond existing sanctions and could render the G7's price cap on Russian crude obsolete
Just now
Shares of cigarette makers such as ITC, Godfrey Phillips, and VST Industries rallied sharply on Friday, rising up to 13% Shares of cigarette makers such as ITC, Godfrey Phillips, and VST Industries rallied sharply on Friday, rising up to 13%
Just now
Weekend OTT Watchlist: Dive into 7 must-watch films this weekend, from sizzling romance to gripping drama, perfect for streaming ahead of Republic Day. Looking for the perfect weekend binge? Whether you're in the mood for steamy romance, edge-of-your-seat drama, or a story that tugs at your heart
Just now
FSN E-Commerce Ventures, the parent of beauty and fashion retailer Nykaa, saw its shares jump 6.2% in Friday's trade on February 6 to a one-year high Nykaa Share Price: FSN E-Commerce Ventures, the parent of beauty and fashion retailer Nykaa, saw its shares jump 6
Just now
Gender-affirming surgery has once again come into public discussion after Anaya Bangar, child of former cricket coach Sanjay Bangar, shared their transition journey. Anaya had earlier undergone procedures as part of transitioning from male to female and will now undergo further gender-affirming
Just now
In January 2025, Seema received an email from the International Organization for Migration saying that her flight from Pakistan to the United States, which she and her family were booked on after months of extensive interviewing and background checks by US Citizenship and Immigration Services
Just now
Japan heads to the polls again on Sunday for its second general election in as many years. The snap vote has caught the ruling party, the opposition and much of the electorate off guard. Sanae Takaichi, Japan's first female prime minister, is betting on her personal popularity
Just now
During a press briefing, MEA Spokesperson Randhir Jiaswal said that India has a long-standing partner with Venezuela in the area of energy. Meanwhile, after US President Donald Trump's claim that New Delhi will stop buying Russian oil, New Delhi has clarified that ensuring the energy security of 1
Just now
Days before 23 people were killed in an explosion in an illegal coal mine in Meghalaya, an activist and a retired judge flagged a series of deaths from similar explosions in illegal rat-hole mines in the same area. On January 8, activist Agnes Kharshiing wrote to the director of Central Bureau of
Just now
The two countries have also agreed to strengthen cooperation on standards and conformity assessment procedures to simplify compliance and allow adjustments to commitments if either side changes agreed tariffs. The United States and India have unveiled a framework for an Interim Agreement focused on
Just now
Tesla is moving forward with Elon Musk's ambitious solar energy plans. The company is exploring multiple locations across the United States for manufacturing solar cells. Production at its Buffalo, New York, factory is set to expand. Tesla is also considering building a new facility in New York
Just now
Celebrate Rose Day 2026 by sharing heartfelt wishes and messages that express love, friendship, and care. These unique Rose Day wishes make it easy to spread happiness and warm feelings with your loved ones. Rose Day marks the beautiful beginning of Valentine's Week and is celebrated every year on
Just now
Bharat Taxi has announced new steps to support its drivers, called Sarathi, and improve safety and comfort for passengers. Bharat Taxi will soon launch a separate ‘Sarathi Didi' window, where only women drivers will serve women customers
Just now
Tarot Card Reading Horoscope Today For February 7: Step into the mystical realm as the tarot cards reveal what the universe has in store for you today. Whether you`re seeking clarity in love, career, or personal growth, today`s tarot insights offer powerful guidance tailored to your zodiac sign
Just now
New Delhi: Rajdhani Express trains connect New Delhi with the capitals or big cities of the states. The Indian Railways' runs Rajdhanis with an aim to provide speed, comfortable connectivity to the rail passengers. The key routes which the Rajdhani Express trains travel to NDLA-Mumbai, NDLS-Howrah
Just now
Aaron George's brilliant century alongside explosive half-centuries from Vaibhav Suryavanshi and Ayush Mhatre powered India to their 10th ICC U19 World Cup final. U19 World Cup 2026: Aaron George's brilliant century alongside explosive half-centuries from IPL stars Vaibhav Suryavanshi and Ayush
Just now
The leadership debate within the Karnataka Congress has intensified following recent remarks from MLC Yathindra Siddaramaiah regarding the tenure of his father, Siddaramaiah, as Chief Minister. Speaking on the stability of the current administration
Just now
Elon Musk's SpaceX told investors it will prioritize going to the moon first and attempt a trip to Mars at a later time, the Wall Street Journal reported on Friday, citing sources.The company will target March 2027 for a lunar landing without astronauts on board
Just now
Vaibhav Sooryavanshi smashed a record 23 sixes in the Under-19 World Cup, scoring a rapid hundred and building a 142-run stand with Ayush Mhatre Vaibhav Sooryavanshi was breathing fire as he walked out to bat against England in the Under-19 World Cup 2026 final in Harare on Friday
Just now
