India-US Trade Talks: Paving the Path to a Bilateral Trade Agreement
Senior officials from India are set to visit Washington for further discussions on a bilateral trade agreement with the US. The two countries aim to leverage the current suspension of additional tariffs to finalize an interim trade arrangement by fall, focusing on tariffs and duty concessions across various sectors.
- Country:
- India
A delegation of top Indian officials will once again visit Washington this month for discussions with US counterparts on a potential bilateral trade agreement (BTA), according to government sources.
Last month, India's chief negotiator Rajesh Agrawal and Assistant US Trade Representative Brendan Lynch held a three-day meeting to accelerate the BTA talks. The teams discussed tariffs and non-tariff issues.
The US had suspended an additional 26% tariff on Indian goods until July 9, a period both countries aim to use for progressing trade discussions. India seeks duty concessions in labor-intensive sectors, while the US desires better terms in sectors like automobiles and agriculture.
(With inputs from agencies.)
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