
India, US trade talks focus on tariffs, market access, and sensitive sectors
New Indian ExpressNEW DELHI: As India and the US begin trade talks, New Delhi has conveyed that it has been reducing applied tariffs in agreements with developed countries, while emphasising a “mutually beneficial” approach and “sensitive handling of sectors like agriculture”, a key focus of the Trump administration in seeking greater market access. Reducing “average applied tariff significantly” has been a key aspect of India’s recently concluded mutually beneficial bilateral trade agreements with a slew of developed countries such as Australia, the UAE, Switzerland, Norway and the ongoing talks with the European Union and United Kingdom. Asked about various statements coming out of Washington on tariffs and ongoing trade negotiations, Foreign Secretary Vikram Misri said at a press briefing: “We have in recent times entered into bilateral trade agreements which are based on tariff liberalisation with several partners. “Increasing market access, reducing tariff barriers, deepening supply chain integration, and increasing investments are our objectives,” sources said.
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