Srinagar: The Kashmir Chamber of Commerce & Industry (KCCI) has welcomed the India–US Trade Deal, terming it a landmark development that is expected to enhance the global competitiveness of Indian products and open new avenues for export-led growth, particularly for Jammu and Kashmir.
KCCI President Javid Tenga expressed gratitude to the Government of India for what he described as sustained and effective diplomatic efforts under the leadership of Prime Minister Narendra Modi. He said the agreement could pave the way for further easing of trade barriers in the coming years and described it as a major boost for Kashmir’s handicraft industry.
According to the Chamber, the United States has immediately reduced reciprocal tariffs on Indian goods from 25 per cent to 18 per cent, while also waiving additional duties imposed earlier. KCCI said the move would strengthen the strategic economic partnership between India and the US and reflects a shared intent to deepen trade, technology and investment ties amid increasing global competition.
The Chamber noted that the trade deal is expected to catalyse manufacturing growth, generate employment and support the development of more resilient and diversified supply chains. Reduced tariff levels, it said, would help lower input costs, strengthen supply networks and improve the price competitiveness of Indian exports in the US market.
For Kashmir, KCCI said the agreement holds particular importance as it could help revive demand for handicrafts, handmade carpets and other labour-intensive products, directly benefiting artisans, weavers and small exporters. Export-oriented sectors such as textiles and apparel, which are among the largest employment generators in the region, are also expected to gain from improved trade terms, helping safeguard existing jobs and create new employment opportunities, especially for women and skilled workers.
The Chamber expressed hope that the momentum generated by the India–US Trade Deal would translate into tangible outcomes for businesses on the ground. It also called for focused policy and institutional support for regional export hubs like Kashmir to enable them to fully leverage the expanding India–US economic partnership.
