With which country's postal service has India's Department of Posts entered into an agreement for the electronic exchange of customs data, as in October 2020?

Explanation

The correct answer is The US. Key Points An agreement for the electronic sharing of customs data connected to postal shipments exchanged between India Post, the Department of Posts, and the United States Postal Service (USPS) has been reached. The agreement would enable customs clearance of postal items in advance in accordance with the expanding international postal framework and would make it feasible to transmit and receive electronic data of international postal items prior to their actual arrival at the destination. Additionally, this will enhance the security, visibility, and dependability of postal services. USA is the top export destination for India (~17%) which is also reflected in the exchange of goods through the postal channel. In 2019, around 20% of outbound EMS and 30% of Letters & Small Packets transmitted by India Post were destined to USA whereas 60% of the Parcels received by India Post were originated from USA.