US Edition
India-US trade deal: Both countries in talks to finalise pact and reduction of tariff, MEA responds to Oppn query
INDIA, JUL 24 – Negotiations focus on tariff reductions and enhanced market access as both countries aim for an early conclusion of a multi-sector bilateral trade agreement, officials said.
- Indian Commerce Minister Piyush Goyal expressed optimism about finalizing a trade agreement with the US before the August 1 deadline to avoid 26% tariffs.
- Discussions focus on reducing tariffs and improving market access, with emphasis placed on maintaining momentum in negotiations.
- Negotiators face challenges, including US demands for greater access to India's agricultural sectors and India's requests for tariff exemptions on pharmaceuticals.
- Minister of State for External Affairs Kirti Vardhan Singh confirmed that both countries are engaged in active negotiations on the Bilateral Trade Agreement.
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India, U.S. presently engaged in active negotiations on Bilateral Trade Agreement: Govt in Parliament
Both sides acknowledged the importance of "maintaining positive momentum" in these negotiations and expressed their commitment to an early conclusion of the first tranche of a mutually beneficial, multi-sector BTA, Govt said
·India
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right2Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 18%
C 64%
R 18%
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