{"id":38618,"date":"2025-03-18T15:00:12","date_gmt":"2025-03-18T12:00:12","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=38618"},"modified":"2025-03-18T14:18:45","modified_gmt":"2025-03-18T11:18:45","slug":"india-considers-changes-to-us-medical-device-tariffs","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/india-considers-changes-to-us-medical-device-tariffs\/","title":{"rendered":"India Considers Changes to US Medical Device Tariffs"},"content":{"rendered":"<p><a href=\"https:\/\/coinengineer.net\/blog\/mysterious-tweet-from-tron-founder-justin-sun\/\"><strong>India<\/strong> <\/a>is considering changes to tariffs on United States of America <strong>medical devices<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/india-considers-changes-to-us-medical-device-tariffs\/#India_Considers_Easing_Market_Access_for_US_Medical_Devices\" title=\"India Considers Easing Market Access for US Medical Devices\">India Considers Easing Market Access for US Medical Devices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/india-considers-changes-to-us-medical-device-tariffs\/#India_Seeks_Reciprocal_Benefits_in_Trade_Deals_with_the_US\" title=\"India Seeks Reciprocal Benefits in Trade Deals with the US\">India Seeks Reciprocal Benefits in Trade Deals with the US<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"63\"><span class=\"ez-toc-section\" id=\"India_Considers_Easing_Market_Access_for_US_Medical_Devices\"><\/span>India Considers Easing Market Access for US Medical Devices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"65\" data-end=\"271\">In an effort to mitigate the threat of <strong data-start=\"104\" data-end=\"118\">US tariffs<\/strong> and strengthen <strong data-start=\"134\" data-end=\"156\">trade negotiations<\/strong>, the Indian government is considering providing easier market access to <strong data-start=\"229\" data-end=\"270\">American medical device manufacturers<\/strong>.<\/p>\n<p data-start=\"273\" data-end=\"436\">The <strong data-start=\"277\" data-end=\"301\">Ministry of Commerce<\/strong> recently held a meeting with <strong data-start=\"331\" data-end=\"360\">export promotion councils<\/strong> to identify medical devices for which tariffs could be reduced to <strong data-start=\"427\" data-end=\"435\">zero<\/strong>.<\/p>\n<p data-start=\"438\" data-end=\"797\">However, this potential move has raised concerns among <strong data-start=\"493\" data-end=\"525\">Indian industry stakeholders<\/strong>. India currently imposes a <strong data-start=\"553\" data-end=\"574\">5-10% import duty<\/strong> on <strong data-start=\"578\" data-end=\"609\">medical devices from the US<\/strong>, while the <strong data-start=\"621\" data-end=\"650\">US imposes no such duties<\/strong> on medical devices from India. Experts worry that further lowering tariffs could undermine <strong data-start=\"742\" data-end=\"775\">India&#8217;s self-reliance efforts<\/strong> (Atmanirbhar Bharat).<\/p>\n<p data-start=\"799\" data-end=\"951\">Some executives have also warned that such a move could strengthen the <strong data-start=\"870\" data-end=\"888\">US&#8217;s dominance<\/strong> in the <strong data-start=\"896\" data-end=\"913\">Indian market<\/strong>, given its already significant share.<\/p>\n<h2 data-start=\"953\" data-end=\"1023\"><span class=\"ez-toc-section\" id=\"India_Seeks_Reciprocal_Benefits_in_Trade_Deals_with_the_US\"><\/span>India Seeks Reciprocal Benefits in Trade Deals with the US<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1025\" data-end=\"1206\">Stakeholders argue that any <strong data-start=\"1053\" data-end=\"1074\">tariff reductions<\/strong> should be accompanied by <strong data-start=\"1100\" data-end=\"1123\">reciprocal benefits<\/strong>, including <strong data-start=\"1135\" data-end=\"1166\">relaxed regulatory barriers<\/strong> for <strong data-start=\"1171\" data-end=\"1191\">Indian exporters<\/strong> to the <strong data-start=\"1199\" data-end=\"1205\">US<\/strong>.<\/p>\n<p data-start=\"1208\" data-end=\"1394\">Currently, the high cost of <strong data-start=\"1236\" data-end=\"1256\">US FDA approvals<\/strong>\u2014reaching hundreds of thousands of dollars\u2014remains a major obstacle for <strong data-start=\"1328\" data-end=\"1352\">Indian manufacturers<\/strong> seeking to enter the <strong data-start=\"1374\" data-end=\"1393\">American market<\/strong>.<\/p>\n<p data-start=\"1396\" data-end=\"1590\"><strong data-start=\"1396\" data-end=\"1442\">Seventy percent of India&#8217;s medical devices<\/strong> are imported, with the <strong data-start=\"1466\" data-end=\"1472\">US<\/strong> being the largest contributor, providing <strong data-start=\"1514\" data-end=\"1533\">Rs 12,552 crore<\/strong> in <strong data-start=\"1537\" data-end=\"1545\">FY24<\/strong>, compared to <strong data-start=\"1559\" data-end=\"1577\">Rs 7,547 crore<\/strong> in <strong data-start=\"1581\" data-end=\"1589\">FY20<\/strong>.<\/p>\n<p data-start=\"1592\" data-end=\"1777\"><strong data-start=\"1592\" data-end=\"1601\">China<\/strong> follows closely, with significant growth in <strong data-start=\"1646\" data-end=\"1666\">exports to India<\/strong>. Key imported medical devices include <strong data-start=\"1705\" data-end=\"1721\">MRI machines<\/strong>, <strong data-start=\"1723\" data-end=\"1744\">artificial joints<\/strong>, and <strong data-start=\"1750\" data-end=\"1776\">radiotherapy apparatus<\/strong>.<\/p>\n<p data-start=\"1779\" data-end=\"1982\" data-is-last-node=\"\" data-is-only-node=\"\"><strong data-start=\"1779\" data-end=\"1813\">Commerce Minister Piyush Goyal<\/strong> recently visited <strong data-start=\"1831\" data-end=\"1845\">Washington<\/strong> to highlight India&#8217;s efforts to balance <strong data-start=\"1886\" data-end=\"1916\">domestic industry concerns<\/strong> while negotiating more favorable <strong data-start=\"1950\" data-end=\"1965\">trade terms<\/strong> with the <strong data-start=\"1975\" data-end=\"1981\">US<\/strong>.<\/p>\n<hr \/>\n<p data-start=\"1779\" data-end=\"1982\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is considering changes to tariffs on United States of America medical devices. India Considers Easing Market Access for US Medical Devices In an effort to mitigate the threat of US tariffs and strengthen trade negotiations, the Indian government is considering providing easier market access to American medical device manufacturers. The Ministry of Commerce recently<\/p>\n","protected":false},"author":29,"featured_media":38620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[3487,13126,13124,1219,13125],"class_list":["post-38618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-news","tag-india","tag-india-tariff","tag-medical-devices","tag-us","tag-us-tariff"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India Considers Changes to US Medical Device Tariffs - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/india-considers-changes-to-us-medical-device-tariffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India Considers Changes to US Medical Device Tariffs - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"India is considering changes to tariffs on United States of America medical devices. 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