U.S. team to visit India next week to discuss tariffs for bilateral trade deal
A team of negotiators from the U.S. will visit India from December 10 to 12 to take forward talks on the first tranche, dealing with tariffs, of a bilateral trade agreement between the two countries.According to sources in the Ministry of Commerce and Industry, the U.S. delegation is expected to be led by Deputy U.S. Trade Representative Rick Switzer, while the Indian side will be represented by Darpan Jain, Joint Secretary in Ministry. The talks are not expected to constitute an official round of negotiations, the last of which took place in the U.S. in October. However, the two sides are looking forward to making “strong progress” towards addressing the issue of tariffs.
The U.S. has imposed a total of 50% tariffs on imports from India, with 25% of these constituting reciprocal tariffs, and another 25% being imposed as a penalty for India’s import of Russian oil. Last month, Rajesh Agrawal, who was India’s chief negotiator on the U.S. deal until he took over as Commerce Secretary in October, said that he was hopeful that the first tranche would be concluded soon. Union Commerce and Industry Minister Piyush Goyal has voiced similar sentiments about the agreement.
‘Final concessions’
According to officials closely tracking the deal negotiations, India has presented the U.S. with a revised version of what it considers its “final concessions” on the wider issues of market access and sectoral benefits.
“The officials and negotiators have done what they can on that front,” a second official said. “Now it really is up to the leaders, and that too, one more than the other.”
There are also indications that the U.S. delegation to India might be accompanied by a “more senior” American government official.
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