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US-India Trade Talks: Tariffs on Agenda
6 Dec
Summary
- US and India commence three-day trade agreement talks on December 10.
- Negotiations aim to address reciprocal tariffs impacting Indian exporters.
- The pact seeks to double bilateral trade to $500 billion by 2030.
High-level trade discussions between India and the United States are scheduled to commence on December 10, spanning three days. These crucial talks aim to finalize the initial phase of a proposed bilateral trade agreement. A primary objective of these negotiations is to address the reciprocal tariff challenges that have been impacting Indian exporters.
The US delegation will be led by Deputy United States Trade Representative Rick Switzer. This visit marks a significant step following previous engagements, including the imposition of tariffs on certain Indian goods. The current administration in India has expressed optimism about reaching a framework trade deal within the year.
This comprehensive agreement endeavors to substantially increase bilateral trade, with a stated ambition of doubling it to $500 billion by 2030. The framework deal is expected to provide a much-needed resolution to tariff-related issues, benefiting Indian exporters and strengthening economic ties between the two nations.
