Economy, Banking and Finance · 3 May 2026
Office of the United States Trade Representative (USTR) retains India on Special 301 priority watch list
Exam-focused facts from the 3 May 2026 current affairs briefing.
Key facts
- USTR retained India on its Special 301 priority watch list, along with China, Russia, Indonesia, Chile, and Venezuela.
- Vietnam was designated as a Priority Foreign Country, the first such designation in 13 years, and USTR will decide on a Section 301 investigation within 30 days.
- Argentina was removed from the priority watch list, while the European Union was added to the watch list.
- USTR criticised India's patent regime, weak enforcement of copyrights and trademarks, and high customs duties on IP-intensive products such as ICT, solar energy equipment, medical devices, pharmaceuticals, and capital goods.
- USTR stated that India remains 'one of the world's most challenging major economies' with respect to the protection and enforcement of intellectual property.