US EditionGovt May Put Retail Trade Policy on Back Burner as India-US Trade Talks Enter Final Leg
INDIA, AUG 25 – The US delegation aims to finalize an interim trade deal to avoid reinstating 26% tariffs, focusing on sectors like steel, aluminium, autos, and agriculture, with exports rising 22.8% last quarter.
- India may delay its National Retail Trade Policy as final negotiations progress for an interim trade agreement with the U.S. ahead of the August 1 tariff deadline.
- The delay stems from India's persistent opposition to U.S. requests for greater access to its agriculture and dairy sectors, which India argues would negatively impact millions of small-scale farmers.
- The retail policy, first proposed in 2019, aims to support small traders and modernize the sector while platforms like ONDC already implement many intended reforms.
- U.S. Trade Representative Jamieson Greer stated that talks remain constructive but additional negotiations are needed to assess India’s willingness for market opening.
- Delaying the retail policy may slow employment growth in retail, but the countries aim to finalize an interim trade deal and ease tariffs to boost bilateral trade.
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Last Ditch Efforts on Between India, US to Iron out Differences for Interim Trade Deal: Sources
Get latest articles and stories on Latest News at LatestLY. With the deadline of August 1 approaching fast, the last-ditch efforts are on to iron out differences for an interim trade deal between India and the US, sources said. Latest News | Last Ditch Efforts on Between India, US to Iron out Differences for Interim Trade Deal: Sources.
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Leaning Left0Leaning Right5Center2Last UpdatedBias Distribution71% Right
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71% Right
C 29%
R 71%
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