India and the United States are \u201cabout 99 per cent\u201d done with the first tranche of a trade deal, the commerce minister said, as a US delegation began talks in New Delhi on Tuesday.<\/p>\n
The delegation, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, is holding three days of talks with Indian trade officials, as the two sides seek to close negotiations.<\/p>\n
\u201cAbout 99 per cent of the issues have been settled,\u201d Indian commerce minister Piyush Goyal told reporters in Delhi late on Monday.<\/p>\n
The two countries reached an initial understanding for the trade deal in February, but negotiations slowed after President Donald Trump\u2019s sweeping tariff measures were struck down by the US Supreme Court.<\/p>\n
After the court order, the Trump administration launched investigations into unfair trade practices against several countries, including India, while imposing a blanket 10pc tariff.<\/p>\n
Goyal said negotiators were examining how recent legal changes in the United States should be reflected in the final text of the agreement.<\/p>\n
\u201cI am fully confident that we will conclude and sign the first tranche of the bilateral trade agreement with the United States,\u201d Goyal said, adding that discussions would then continue on a broader and more comprehensive pact.<\/p>\n
\u201cDiscussions are continuing on minor details, essentially the commas and full stops.\u201d<\/p>\n
Last week, US ambassador Sergio Gor said he expected the interim trade deal to be signed \u201cin the next few weeks\u201d.<\/p>\n
Washington and New Delhi have set a target of boosting bilateral trade to $500 billion by 2030, holding multiple rounds of negotiations since March to resolve market access and tariff disputes.<\/p>\n
India says the deal protects its sensitive dairy and agricultural products while opening a $30 trillion market for exporters.<\/p>\n","protected":false},"excerpt":{"rendered":"
India and the United States are \u201cabout 99 per cent\u201d done with the first tranche of a trade deal, the commerce minister said, as a US delegation began talks in New Delhi on Tuesday. The delegation, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, is holding three days of talks […]<\/p>\n","protected":false},"author":1,"featured_media":18323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/18322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18322"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/18322\/revisions"}],"predecessor-version":[{"id":18324,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/18322\/revisions\/18324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/18323"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}