India US Trade Deal: The trade deal between India and America has been under discussion for a long time. Now this interim trade agreement can be finalized. According to a report, the trade deal can be finalized in 48 hours. Negotiations are going on between Delhi and Washington DC about this. India’s trade team is currently in Washington. She was about to return to India, but now it will stay here for a few more days, so that the deal can be finalized.
According to a report by NDTV, India and the US had fixed the date till 9 July to finalize the trade deal, but before that there could be a small trade agreement in the next 48 hours. During this time, America can also consider tariffs. It has also been learned that both countries are adamant about their talk on many issues. America demands that India opened its market for gentiically modified crops.
What is the demand regarding the trade agreement of America and India
America is making many types of demands from India regarding trade deal. According to the report, he wants to increase his interference in India’s dairy region and agriculture. Second India is pressurizing the concession in tariffs with goods like shoes, clothes and leather. In this way, both countries are currently paying more attention to their issues.
If the matter is not made on the tariff, then there can be a problem in the trade deal
India’s biggest issue is the tariff rule of America. At present, India is not ready to sign an agreement in which the problem related to tariff is not resolved. Experts believe that it is difficult to meet the target of carrying US $ 500 billion to US $ 500 billion by 2030 by 2030 without tariff cuts on high-import goods.