'No trade deal till US gives preferential tariff terms': India draws red line
India has stated it will not finalize a bilateral trade agreement with the US until Washington offers preferential tariff terms. The Indian government is seeking a competitive advantage for its exporters before concluding the deal.
Why it matters
This negotiation represents a critical juncture in US-India economic relations, impacting trade policy and market access for both nations.
NEW DELHI: India will announce the final details of its proposed Bilateral Trade Agreement (BTA) with the US only after Washington agrees to provide preferential tariff terms compared with the country's competitors, commerce and industry minister Piyush Goyal said on Thursday."As soon as the US is able to give us the preferential rate in comparison to our competition, we will finalise the BTA and announce the final details," news agency ANI quoted Piyush Goyal saying.He said this while addressing a national workshop on Leveraging FTAs Outreach program.The India-US Bilateral Trade Agreement (BTA) has been under negotiation with both sides aiming to…
Also covering this story
2 other newsrooms covered this event. We read each version separately.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in