India-US trade pact

04 Jul

India, US Near Interim Trade Deal as Key Hurdles Remain in Agriculture, Auto Sectors

Rajeev Sharma0 CommentsIndiaagriculture tariffs, auto tariffs, India-US trade pact, interim trade deal, US-India trade negotiations

New Delhi, July 4 — India and the United States are inching closer to finalising an interim trade pact, with negotiations in their last phase and a conclusion anticipated before July 9, officials confirmed on Friday. However, critical sticking points persist in the agriculture and automotive sectors.An Indian delegation led by chief negotiator Rajesh Agrawal, Special Secretary in the Department of Commerce, returned to New Delhi this week after a round of talks in Washington held from June 26 to July 2. Although progress has been made, discussions are set to continue virtually or through further meetings to iron out…

13 Apr

India Likely to Ditch ‘Zero-for-Zero’ Tariff Model in Trade Talks with US

Rajeev Sharma0 CommentsIndiabilateral trade, India-US trade pact, zero-for-zero tariff

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…