NEW DELHI, Nov 3: The bilateral trade agreements between the US and several APAC countries reduce uncertainty around the outlook for Asia’s exporters, and could marginally increase the GDP growth of these nations over the next few years. The US-based agency also said that although India is yet to secure a trade deal with the US, its 50 per cent tariff is now significantly higher than those faced by most other Asian exporters – though the two countries may still reach an agreement in the near future. “The recent series of bilateral trade agreements between the US and several APAC countries reduce uncertainty around the outlook for Asia’s exporters, and could provide a slight lift to GDP over the next few years for the countries involved,” Fitch said in a statement. However, many de
Trade deals between US, APAC nations reduce uncertainty for Asian exporters: Fitch
Daily Excelsior8 hrs ago
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