bilateral trade

National Times Bureau: India is expected to avoid adopting the “zero-for-zero” tariff strategy in its trade negotiations with the United States, according to senior government officials. This strategy, where both nations eliminate tariffs on select categories of goods, is typically suited for economies with similar development levels—something India and the US don’t share.Instead, India is leaning toward a broader trade package that balances reductions in tariffs with discussions on non-tariff barriers, investment flows, and services. The country is particularly cautious about giving up agricultural protections due to the sector's critical role in rural livelihoods.The trade negotiations aim to significantly boost…