India 'comes out on top': US on EU deal
Washington, Jan. 29 -- In one of the first public comments by a senior Trump administration official on the unveiling of a historic trade deal between India and the European Union (EU), US Trade Representative Jamieson Greer said that India "comes out on top" while evaluating the terms as New Delhi could benefit significantly through more market access for its low cost goods and potentially more immigration to the EU. "I've looked at some of the details of the deal so far. I think India comes out on top on this, frankly. They get more market access into Europe. It sounds like they have some additional immigration rights. I don't know for sure, but President (Ursula) von der Leyen of the EU has talked about mobility for Indian workers into Europe. So I think on net, India is going to have a heyday with this. They have low-cost labour," said Greer in a television interview with Fox Business on Tuesday. He added that a "trade dependent" Europe was turning to India in order to find outlets for its "overproduction".
Greer also addressed Washington's 25% tariff penalty on Indian goods for purchasing Russian oil, which went into effect in August 2025. While acknowledging that India had made "a lot of progress" on reducing purchases of Russian energy, Greer said New Delhi has to do more. "They (India) like the discount that you get from Russian oil; it's close by, so it's hard for them. The Treasury Department has put into place - a few weeks ago now - more significant sanctions so we expect India to continue to wind that down, but we're watching it closely," he added. Greer's statements also come at a time when US trade talks with both the EU and India have faced difficulties....
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