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Indian Delegation to Visit US Next Week to Finalise Trade Deal’s Legal Framework
Indian delegation to finalize trade deal framework with US, ensuring tariff cuts to 18% and protections for sensitive sectors like agriculture and dairy, officials said.
- Next week, Darpan Jain, chief negotiator and joint secretary in the commerce ministry, will lead an Indian delegation to Washington to finalise the legal framework, Agrawal said.
- Following virtual talks, the joint statement and White House fact sheet laid out the deal's contours after US President Donald Trump and Prime Minister Narendra Modi agreed this month.
- Tariff formalities are expected this week to lower tariffs to 18 per cent, while negotiators will employ TRQ mechanisms to protect farmers and the domestic ecosystem and sensitive sectors.
- As for the timeline, Agrawal said the signing is expected before the end of March but drafting could extend the timetable, while Union Commerce Minister Piyush Goyal had previously said it would be signed by mid-March.
- The deal explicitly protects sensitive sectors like agriculture and dairy, mirroring exclusions in United Kingdom and European Union trade agreements, and could add $500 billion in US goods, officials said.
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India-US trade deal: Trade team heading to Washington next week for legal pact
India's chief negotiator Darpan Jain will lead a delegation to Washington next week to finalize the legal agreement for the India-US trade deal, aiming for a March signing. The visit follows the finalization of an interim trade agreement framework, with virtual talks ongoing to translate contours into a legal pact.
·India
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Indian delegation to visit US next week; exports to US in Jan falls 22%
The visit assumes significance as the US has rolled back the additional 25% tariffs imposed on India over its purchase of Russian oil, but is yet to lower the reciprocal tariffs from 25% to 18% that are still hurting exports.
·India
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Coverage Details
Total News Sources13
Leaning Left3Leaning Right4Center2Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 33%
C 22%
R 45%
Factuality
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