India engaged with US on proposed section 301 tariffs, advances bilateral trade framework talks
New Delhi, June 3 -- India remains engaged with the United States on the proposed tariff measures under the Section 301 proceedings and is simultaneously working towards finalising a bilateral trade framework agreement with Washington, the Ministry of Commerce and Industry said on Wednesday.
According to an official statement, the Ministry said that the United States Trade Representative (USTR) has concluded investigations involving 60 economies, including India, regarding measures adopted by these economies to prevent imports of goods.
Following the investigations, the USTR has proposed imposing additional tariffs on imports from the 60 economies under Section 301 of the US Trade Act of 1974. However, products already covered under Sec...
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