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Indian team in Washington; trade talks to begin Monday: Official

  • India's trade talks with the US are set to begin on Monday in Washington with a focus on sectors like agriculture and automobiles.
  • The talks are crucial as the US has postponed additional tariffs, including on India, until August 1, and negotiations aim for a complete deal, not just an interim agreement.
  • India is seeking the removal of additional tariffs, easing of tariffs on steel and aluminum, and concessions in various sectors, while the US is looking for duty concessions on industrial goods and agri products.
  • The negotiations come amidst India-US efforts to finalize the first phase of a bilateral trade agreement by fall, with India's exports to the US rising significantly in the current fiscal year.

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