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US assures India lower tariffs than peers in trade deal
- On Friday, U.S. officials assured India of a comparative advantage in tariff duties over competing nations, a key requirement for New Delhi to finalize the proposed trade deal.
- Although Washington and New Delhi agreed on a framework earlier this year, trade probes and tariff disputes have complicated finalization of the pact, which has been under negotiation for nearly two years.
- Indian Commerce Minister Piyush Goyal said Thursday that India had negotiated a "very good deal," while a U.S. team visited India in early November to resolve remaining technical issues.
- The agreement's first tranche will cover goods, with services left for future negotiations, as both sides aim to complete the deal by the end of the current financial year.
- Negotiators included a clause allowing either country to modify commitments if tariffs change, while officials await findings from a pending U.S. investigation into industrial overcapacity that could impact future duties.
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14 Articles
14 Articles
US assures India lower tariffs than peers in trade deal
The US has assured India of lower tariffs than those imposed on its trading partners under the proposed trade deal. The first phase of the agreement will cover goods, with services to be negotiated separately in the next phase.
·Mumbai, India
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Coverage Details
Total News Sources14
Leaning Left3Leaning Right5Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 30%
C 20%
R 50%
Factuality
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