India, US begin talks on interim trade deal
New Delhi, June 3 -- Negotiating teams of India and the United States on Tuesday launched their three-day in-person discussions to finalise an interim bilateral trade agreement (BTA) with Washington seeking greater market access and New Delhi demanding comparative duty advantage for its goods in the American market, people familiar with the matter said.
Barring tariff architecture, all other matters were almost settled on February 7, the people added, requesting anonymity. The US is now working on a new legally tenable tariff architecture that would give advantage to Indian goods over those from competitors such as Vietnam, Bangladesh, Sri Lanka and Pakistan, they said.
On February 7 this year, the two countries reached a framework for an interim agreement after negotiations that lasted almost a year. But before the two could seal a deal, the US Supreme Court on February 20 invalidated the basis of the tariff architecture. India and the US have been engaged in interim BTA talks since March 2025, after Prime Minister Narendra Modi and President Donald Trump's joint statement on February 13, 2025.
"As the burden of tariff is ultimately borne by American consumers, the quantum of proposed import duty is less a concern for India. Indian exporters want tariffs on Indian goods must be lower than goods supplied by competitors in US market," said an official....
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.