You are connecting from Lake Geneva Public Library, please login or register to take advantage of your institution's Ground News Plan.
Published 7 hours ago • loading... • Updated 6 hours ago
US Trade Chief Jamieson Greer to Visit India as Both Sides Race to Seal Interim Trade Deal
Greer will meet Commerce Minister Piyush Goyal as the two sides work through tariff and duty issues before an interim trade framework can be finalized.
United States Trade Representative Jamieson Greer arrives in New Delhi on June 23 for two days of ministerial-level talks with Commerce Minister Piyush Goyal to finalize an interim framework trade agreement.
The two nations agreed in February on a framework to reduce tariffs on Indian goods from 50 per cent to 18 per cent, though recent investigations and tariff announcements have delayed finalizing the deal.
Commerce Minister Piyush Goyal stated, "We cannot implement the FTA until we secure a competitive advantage," as the USTR investigates 54 countries under Section 301, proposing 12.5 per cent tariffs over forced labor concerns.
Negotiators race against a July 24 deadline when the U.S. administration's 10 per cent blanket tariff expires, with an interim agreement potentially helping India avoid additional trade penalties.
Indian Commerce Secretary Rajesh Agrawal noted this deal represents the first phase of a larger pact intended to stabilize commercial relations that have faced intermittent friction over the last year.