The Federation of Indian Export Organisations (FIEO) has identified over 300 high-potential export items to the United States and is urging the government to seek tariff reductions for these products.
The move aims to enhance India’s export performance amid changing global trade dynamics.
FIEO has shortlisted a total of 408 strategically stable and commercially significant products, which make up more than two-thirds of India’s total exports to the US.
These items range across sectors — from frozen shrimps, pharmaceuticals, smartphones, and diamonds to textiles, carpets, footwear, chemicals, and electronic goods.
India already holds a strong market share in key sectors. For instance, Indian shrimps account for over 40 per cent of the US shrimp imports, while honey, although a smaller export item for India, constitutes around 25 per cent of US imports.
The US remains one of India’s top export destinations, with total shipments last year valued at USD 86.5 billion.
FIEO has urged the government to pursue trade facilitation and promotional efforts, especially in labour-intensive sectors.
Tariff concessions have already been sought in ongoing bilateral talks, particularly for goods facing stiff competition due to high import duties.
However, challenges lie ahead. A team led by Special Secretary Rajesh Agarwal from the Commerce Department is set to negotiate with US counterparts before August 1, when proposed tariffs under the Trump administration are expected to take effect.
There is also uncertainty regarding reciprocal tariffs — in cases like carpets and shrimps, the 26 per cent duty could hurt India’s competitiveness compared to global rivals.
Complicating matters further are US demands regarding trade policies linked to BRICS alliances and oil imports from Russia, alongside unclear tariff expectations from Washington .