Trade talks stall as US raises bar on market access in India
5 years, 3 months ago

Trade talks stall as US raises bar on market access in India

Live Mint  

Geneva: Trade talks between India and the US on Tuesday broke down for the time being after Washington made asymmetrical demands for market access in India, while refusing to restore benefits accorded to Indian exporters under the Generalized System of Preferences, analysts said. The US raised the bar very high for market access in India, covering a whole lot of tariff-reductions for American products, including the removal of duties India had placed in retaliation for steel and aluminium products that the US had imposed under section 232 provisions last year, and changes in Indian rules, including sanitary and phyto-sanitary provisions. Under the World Trade Organization rules, India is entitled to impose retaliatory tariffs on American products, following withdrawal of the GSP scheme, as it was inconsistent with the US’s obligations under the Enabling clause of WTO rules, said a person familiar with the discussions. India had imposed retaliatory duties on American products in response to the US’ tariffs on steel and aluminium under Section 232 provisions. Therefore, the US’ insistence to link the removal of benefits accorded under the GSP scheme to India’s retaliatory duties on American products in response to the Section 232 tariffs on steel and aluminium was asymmetrical.

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History of this topic

India-US trade after Trump returns:Much to fret about but scope for optimism too
2 months, 1 week ago

India-US trade after Trump returns:Much to fret about but scope for optimism too

Live Mint  

The much-awaited US election results on Wednesday showed that Donald Trump will be returning to the White House in early 2025. For India, a positive trade balance with the US is important, as it is among the country’s top three trade partners. First, the ‘Make in India’ campaign of Prime Minister Narendra Modi, despite its similarity with ideas like Trump’s …

Goyal-Tai Meet: No Progress On Restoration Of Trade Benefits As US Still Says 'Could Be Considered...'
2 years ago

Goyal-Tai Meet: No Progress On Restoration Of Trade Benefits As US Still Says 'Could Be Considered...'

ABP News  

New Delhi: Despite a major push from the Indian side, New Delhi was unable to get the American trade benefits, officially known as the US Generalized System of Preferences program, or GSP, restored for its exporters that were taken away by the former Donald Trump administration of the US. This was the second time that Commerce and Industry Piyush Goyal …

Piyush Goel promises 'big' things to come in India-US trade, takes up delay in business visas
2 years ago

Piyush Goel promises 'big' things to come in India-US trade, takes up delay in business visas

India Today  

Union Commerce and Industry Minister Piyush Goyal, on Wednesday, ruled out talks of a mini-trade deal or a free trade agreement with the Joe Biden government and said that the two countries are “thinking big.” He also noted that revoking of the Generalized System of Preferences is not a priority for the Indian government, reported PTI. The top official said …

Boosting trade, the key to stronger Indo-US ties
2 years ago

Boosting trade, the key to stronger Indo-US ties

Hindustan Times  

In a speech delivered at Microsoft in New Delhi in November, United States treasury secretary Janet Yellen called for a deepening of US-India ties and emphasised the importance of “friendshoring” between the world’s two largest democracies. Bilateral trade hit a record $157 billion in two-way goods and services trade in 2021, and the US is now the top destination for …

Explained | Have India and U.S. resolved tariff and visa issues?
3 years, 1 month ago

Explained | Have India and U.S. resolved tariff and visa issues?

The Hindu  

The story so far: U.S. Trade Representative Katherine Tai and India’s Commerce and Industry Minister Piyush Goyal this week co-chaired the U.S.-India Trade Policy Forum, which was reconvened after a gap of four years. A February 2020 article by Alyssa Ayres of the New York city-based Council on Foreign Relations, titled ‘A field guide to U.S.-India trade tensions’, lists eight …

US to consider restoring GSP concessions to India
3 years, 1 month ago

US to consider restoring GSP concessions to India

Hindustan Times  

The US-India Trade Policy Forum on Tuesday resumed dialogue after four years where the US said it will consider India’s request for restoring the Generalised System of Preferences that the Trump administration had withdrawn in 2019, affecting Indian exports worth over $6.3 billion, officials said. At the 12th ministerial-level meeting of TPF, co-chaired by commerce minister Piyush Goyal and US …

Breaking the ice: The Hindu Editorial on India-U.S. trade ties
3 years, 1 month ago

Breaking the ice: The Hindu Editorial on India-U.S. trade ties

The Hindu  

On her maiden visit to Asia, U.S. Trade Representative Katherine Tai held bilateral meetings with Commerce and Industry Minister Piyush Goyal and relaunched the U.S.-India Trade Policy Forum. Instead of progress, there were setbacks, including raised import tariffs and the withdrawal of benefits to Indian exporters under the U.S.’s Generalized System of Preferences which triggered retaliatory trade barbs. India’s pharma …

India and US aim to expand farm trade, resolve market access issues
3 years, 1 month ago

India and US aim to expand farm trade, resolve market access issues

Live Mint  

India and the United States agreed in New Delhi on Tuesday to expand farm trade and relaunched their joint trade policy forum to resolve differences on issues including market access, as U.S. Trade Representative Katherine Tai ended a two-day visit. Tuesday's meeting followed Indian Prime Minister Narendra Modi's meeting with U.S. President Joe Biden in Washington in September when both …

India urges US to restore duty-free export benefits
3 years, 1 month ago

India urges US to restore duty-free export benefits

Live Mint  

India on Tuesday publicly urged the US to restore duty-free export benefits under the Generalised System of Preferences even as both countries agreed to allow market access for mangoes and pomegranates arils from India and cherries and alfalfa hay from the US. In a joint statement after the Trade Policy Forum meeting co-chaired by India’s trade minister Piyush Goyal and …

India, U.S. discuss ways to increase trade
3 years, 4 months ago

India, U.S. discuss ways to increase trade

The Hindu  

A day after Commerce and Industry Minister Piyush Goyal said that hopes of an India-U.S. trade pact are off the table for now, U.S. Chargé D’affaires in India Atul Keshap, spoke to the Indian Minister for over two hours, discussing trade between the two countries. Meanwhile, Mr. Goyal, while speaking at an industry event in Mumbai on Thursday, had said …

India-US Trade Ties Hit by Tariff Policies Under Trump Administration: US Congress Report
4 years ago

India-US Trade Ties Hit by Tariff Policies Under Trump Administration: US Congress Report

News 18  

Under the Trump administration, US-India tensions have increased over each side's tariff policies, a Congressional report has said, noting that the two sides have also held concerted negotiations to address these trade frictions. After India lost its eligibility for the US Trade Preference Program, India imposed higher tariffs of 10 per cent to 25 per cent, affecting about USD 1.32 …

U.S. mulling over restoring GSP status for India: Lighthizer
4 years, 6 months ago

U.S. mulling over restoring GSP status for India: Lighthizer

The Hindu  

The United States is mulling over restoring India’s beneficiary status under its trade preference programme Generalised System of Preferences on receiving a counterbalancing proposal from New Delhi, a top Trump administration official told lawmakers on Thursday. “We’re in negotiations with India, we took away their GSP, and we’re in the process of restoring it if we can get an adequate …

No trade deal in offing between India and US during Donald Trump's visit, but a commitment to FTA likely
4 years, 10 months ago

No trade deal in offing between India and US during Donald Trump's visit, but a commitment to FTA likely

Firstpost  

India and the US have been negotiating a trade pact for over a year now and sources say that United Stated Trade Representative Robert Lighthizer and commerce minister Piyush Goyal have developed a good understanding. After weeks of speculation, it is now clear that no trade deal would be signed during US president Donald Trump’s first visit to India next …

No headway in India-U.S. trade talks
4 years, 10 months ago

No headway in India-U.S. trade talks

The Hindu  

With no significant movement on the India-U.S. trade negotiations yet, officials are considering taking even a modest trade deal off the table when U.S. President Donald Trump visits India on February 24-25, sources privy to the talks said. As The Hindu had reported on Friday, U.S. Trade Representative Robert Lightizer was due to visit New Delhi last week, but put …

India protectionist, but US negotiating limited trade deal: Wilbur Ross
5 years, 3 months ago

India protectionist, but US negotiating limited trade deal: Wilbur Ross

Live Mint  

India is among the world's most protectionist countries but the United States is trying to negotiate a limited trade deal with the South Asian nation to resolve their differences, U.S. Secretary of Commerce Wilbur Ross said on Thursday. Ross said the United States does not believe India is eligible for the GSP, but the terms were being renegotiated and a …

India set to lose major WTO dispute to the US
5 years, 3 months ago

India set to lose major WTO dispute to the US

Live Mint  

Geneva: India is set to lose a major trade dispute with the US at the World Trade Organization. A WTO dispute settlement panel has upheld a US complaint that export subsidy programmes provided by the Indian government violated provisions of the trade body’s subsidies and countervailing measures pact, several people familiar with the final ruling said on condition of anonymity. …

44 lawmakers urge U.S. govt to reinstate GSP for India
5 years, 3 months ago

44 lawmakers urge U.S. govt to reinstate GSP for India

The Hindu  

A bipartisan group of 44 influential lawmakers has urged the Trump administration to reinstate India’s designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries. “Companies are telling Congress about the American costs — both in dollars and jobs — of lost GSP eligibility for India,” said …

44 influential lawmakers urge Trump administration to reinstate GSP for India
5 years, 3 months ago

44 influential lawmakers urge Trump administration to reinstate GSP for India

India TV News  

A group of 44 influential lawmakers has urged the administration under US President Donald Trump to reinstate India's designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries. "Companies are telling Congress about the American costs - both in dollars and jobs - of lost GSP eligibility …

US lawmakers urge Donald Trump administration to restore India's trade privileges
5 years, 3 months ago

US lawmakers urge Donald Trump administration to restore India's trade privileges

India Today  

Forty-four members of the US Congress have urged President Donald Trump's trade representative to restore trade concessions to India, saying the withdrawal of the privilege had led to retaliatory tariffs from New Delhi which were hurting U.S. industry. In the letter addressed to United State Trade Representative Robert Lighthizer and dated Sept. 17, the members of Congress said: "Just as …

44 lawmakers urge Donald Trump admin to reinstate GSP for India
5 years, 3 months ago

44 lawmakers urge Donald Trump admin to reinstate GSP for India

India Today  

A bipartisan group of 44 influential lawmakers has urged the Trump administration to reinstate India's designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries. "Companies are telling Congress about the American costs - both in dollars and jobs - of lost GSP eligibility for India," said …

India, US to continue discussions over trade issues
5 years, 6 months ago

India, US to continue discussions over trade issues

India TV News  

India and the United States will continue discussions over bilateral trade-related issues, the government said on Friday. According to the Central government, both sides have agreed to continue "their discussions for achieving mutually beneficial outcomes aimed at further growing the economic relationship and addressing mutual trade concerns". "The meeting was cordial and aimed at providing a new impetus to bilateral …

India stands firm in United States tariff talks
5 years, 6 months ago

India stands firm in United States tariff talks

Deccan Chronicle  

New Delhi: With India and the United States sticking to their protectionist attitude, the trade talks on Friday largely remained inconclusive as neither side listed any major outcome from the bilateral talks. The two sides were negotiating to reduce friction on e-commerce, data localisation and trade tariff during the high-level dialogue on trade that began with informal talks in New …

US to seek rollback of Indian tariffs on agri products; trade delegation to re-start negotiations today
5 years, 6 months ago

US to seek rollback of Indian tariffs on agri products; trade delegation to re-start negotiations today

Firstpost  

India would in return seek better access to the US market for Indian farm products, said an Indian official New Delhi: The United States will seek rollback of Indian tariffs imposed on some agricultural products such as almonds when the two sides meet today, a senior Indian government source told Reuters. A delegation led by Assistant US Trade Representative for …

India-US trade talks to restart today with little sign of compromise; Donald Trump's tweets again saying tariffs were 'unacceptable'
5 years, 6 months ago

India-US trade talks to restart today with little sign of compromise; Donald Trump's tweets again saying tariffs were 'unacceptable'

Firstpost  

Indian and US trade negotiators will meet on Friday, with little sign of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between the strategic partners New Delhi: Indian and US trade negotiators will meet on Friday, with little sign of a compromise on a series of protectionist measures …

India, United States focus on e-com, tariff
5 years, 6 months ago

India, United States focus on e-com, tariff

Deccan Chronicle  

New Delhi: Two days after President Donald Trump hit out at India saying its tariff is no longer acceptable to the United States, a high-level trade delegation of India and US began talks in New Delhi. India has said that its approach is to engage constructively and positively with the US and the two sides are looking at resolving several …

’No longer acceptable’: Trump again blasts India over tariffs on US products
5 years, 6 months ago

’No longer acceptable’: Trump again blasts India over tariffs on US products

Live Mint  

Washington: US President Donald Trump on Tuesday reiterated his complaints against India, saying New Delhi's tariffs on US products were unacceptable but not giving other details about any possible action amid the two nations' ongoing trade row. Earlier in June, just a day ahead of G20 meeting with PM Narendra Modi in Japan's Osaka, Trump in a Twitter post, demanded …

US trade delegation visiting India next week to resolve sticky trade issues; Piyush Goyal to travel to Washington soon
5 years, 6 months ago

US trade delegation visiting India next week to resolve sticky trade issues; Piyush Goyal to travel to Washington soon

Firstpost  

A high-level trade delegation from the US is expected to visit India next week to find ways to resolve the recent trade tensions between the two countries, official sources said Thursday New Delhi: A high-level trade delegation from the US is expected to visit India next week to find ways to resolve the recent trade tensions between the two countries, …

Trump administration's policies are cause for friction in US-India ties, coherent strategy needed, says top US lawmaker to Mike Pompeo
5 years, 6 months ago

Trump administration's policies are cause for friction in US-India ties, coherent strategy needed, says top US lawmaker to Mike Pompeo

Firstpost  

Before, Secretary of State Mike Pompeo’s visit to New Delhi, a top US lawmaker asked him to convey to the Indian government a ‘predictable, coherent and consistent’ strategy t0 help the bilateral relationship reach its full potential. Washington: On the eve of Secretary of State Mike Pompeo’s visit to New Delhi, a top US lawmaker has asked him to convey …

Gloves off on trade: on India-U.S. tariff row
5 years, 6 months ago

Gloves off on trade: on India-U.S. tariff row

The Hindu  

The government’s decision to finally go ahead and impose retaliatory tariffs on 29 U.S. goods with effect from June 16, almost a year after it first announced them, unambiguously signals that on trade India has decided to join issue with President Donald Trump’s protectionist administration. Mr. Trump chose to go ahead and proclaim on May 31 that he was terminating …

India’s retaliatory tariffs on 28 US products comes into effect
5 years, 6 months ago

India’s retaliatory tariffs on 28 US products comes into effect

Live Mint  

New Delhi: India has raised tariffs on 28 items exported from the US with effect from Sunday in retaliation to America’s withdrawal of preferential access for Indian products from 5 June. The commerce ministry had on Friday made public India’s intention to go ahead with imposition of duty on American products, a move New Delhi had previously deferred in the …

India might impose retaliatory import tariffs on 29 US items
5 years, 7 months ago

India might impose retaliatory import tariffs on 29 US items

India TV News  

India might finally go ahead to impose retaliatory import tariffs against some US goods, sources said on Friday. According to sources, the long overdue retaliatory move, which was first proposed last year, will consist of tariffs on 29 US items and this can come in effect from as soon as next week. Speculations are that the 29 items imported from …

India to levy retaliatory tariffs on 29 US products
5 years, 7 months ago

India to levy retaliatory tariffs on 29 US products

Hindustan Times  

In what could potentially aggravate trade tensions between India and the US, New Delhi has decided to impose long-pending retaliatory tariffs on 29 US products. India’s move comes ahead of a meeting between US President Donald Trump and Prime Minister Narendra Modi on the sidelines of a G20 summit on June 28-29 in Osaka, Japan. The trade ministry’s move, which …

US open to discussion with India on GSP programme, says Mike Pompeo
5 years, 7 months ago

US open to discussion with India on GSP programme, says Mike Pompeo

Live Mint  

The US could discuss its decision to withdraw duty-free benefits to Indian exporters under the generalized system of preferences scheme, secretary of state Mike Pompeo said on Wednesday. And we’ll probably discuss the recent decision on the GSP programme,” Pompeo said at the India Ideas Summit of the US-India Business Council in Washington. Pompeo also borrowed a line from Prime …

Mike Pompeo to push in India for more US access to local markets, says America is open to dialogue to resolve trade differences
5 years, 7 months ago

Mike Pompeo to push in India for more US access to local markets, says America is open to dialogue to resolve trade differences

Firstpost  

Pompeo’s remarks at the US-India Business Council refer to a decision by US President Donald Trump to end preferential trade treatment for India from 5 June over the trade barriers. Washington: The United States is open to dialogue to resolve trade differences with India by allowing American companies more access to Indian markets, US Secretary of State Mike Pompeo said …

India's foreign policy for next 5 years: New Delhi should convey to US in no uncertain terms how importance of better ties hinges on favourable trade policies
5 years, 7 months ago

India's foreign policy for next 5 years: New Delhi should convey to US in no uncertain terms how importance of better ties hinges on favourable trade policies

Firstpost  

There has been a growing realisation in Washington’s policy circles that closer ties with India can make the US stronger once again in Asia where China has begun to flex its military muscles Editor’s note: Prime Minister Narendra Modi’s tour of the Maldives was his first international visit after having taken oath for the second time. There has been a …

US GSP withdrawal: New markets, subsidy to help India contain trade deficit
5 years, 7 months ago

US GSP withdrawal: New markets, subsidy to help India contain trade deficit

India TV News  

New export markets, financial support and lower crude oil prices are likely to offset the impact on trade deficit caused by US ending preferential treatment to various goods supplied from India. "The withdrawal of GSP benefits to exports will have a one-time impact which will be reflected in the overall trade deficit," Sunil Kumar Sinha, Director, Public Finance and Principal …

India plays down Donald Trump's decision to end preferential trade access, says will continue to seek ‘strong’ economic ties with US
5 years, 7 months ago

India plays down Donald Trump's decision to end preferential trade access, says will continue to seek ‘strong’ economic ties with US

Firstpost  

The Centre said on Saturday it will continue to seek to build strong economic ties with the United States despite a decision by US president Donald Trump to end preferential trade treatment for India from 5 June. New Delhi: The Centre said on Saturday it will continue to seek to build strong economic ties with the United States despite a …

US to end India's preferential trade access on 5 June; Trump says Delhi didn't assure Washington 'equitable access' to its markets
5 years, 7 months ago

US to end India's preferential trade access on 5 June; Trump says Delhi didn't assure Washington 'equitable access' to its markets

Firstpost  

The United States will end preferential trade treatment for India from Wednesday, US President Donald Trump has announced, in a fresh economic headwind for New Delhi alongside slowing growth and record unemployment. Washington: The United States will end preferential trade treatment for India from Wednesday, US President Donald Trump has announced, in a fresh economic headwind for New Delhi alongside …

Donald Trump terminates India’s preferential trade status under GSP programme
5 years, 7 months ago

Donald Trump terminates India’s preferential trade status under GSP programme

Live Mint  

Washington: President Donald Trump has terminated India's designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide "equitable and reasonable access" to its markets. Accordingly, it is appropriate to terminate India's designation as a beneficiary developing country effective June 5, 2019," Donald Trump said in …

U.S. President Donald Trump ends concessions for Indian exports under GSP
5 years, 7 months ago

U.S. President Donald Trump ends concessions for Indian exports under GSP

The Hindu  

A day after a group of journalists was told that India’s access to preferential trade terms under the U.S.’s Generalized System of Preferences was on its way out, U.S. President Donald Trump issued a proclamation ending the trade benefits effective June 5. Mr. Trump had notified the U.S. Congress on March 4 of his intention to end benefits for India …

Trump administration removes India special trade status
5 years, 7 months ago

Trump administration removes India special trade status

CNN  

Washington CNN — The Trump administration announced Friday that it’s ending special trade treatment for India, removing a status that exempts billions of dollars of the country’s products from US tariffs. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” President Donald Trump said in a proclamation …

US terminates preferential trade programme with India: Donald Trump
5 years, 7 months ago

US terminates preferential trade programme with India: Donald Trump

India Today  

President Donald Trump on Saturday terminated the United States preferential trade programme with India. With this, the United States has ended India's designation as the beneficiary developing country under the key GSP trade programme. Donald Trump in March had announced his intention to remove India from the decades-old Generalized System of Preferences program over what the United States said was …

US says end of preferential trade status for India a ’done deal’
5 years, 7 months ago

US says end of preferential trade status for India a ’done deal’

Live Mint  

Washington: A US decision to evict India from a key trade pact is a "done deal," an official said Thursday, despite Washington's desire for close relations with re-elected Prime Minister Narendra Modi. A senior US official voiced hope for warm relations with Modi after he led his Hindu nationalist party to an overwhelming re-election victory but said that the March …

India to lose preferential trade terms with U.S. under Generalized System of Preferences programme
5 years, 7 months ago

India to lose preferential trade terms with U.S. under Generalized System of Preferences programme

The Hindu  

India will lose access to preferential trade terms with the U.S. under the latter’s Generalized System of Preferences programme, a Senior State Department official told reporters in Washington DC on Thursday. The official, who did not want to be named, said the restoration of benefits remained a possibility if underlying trade issues were resolved, but the withdrawal of India’s GSP …

US suspension of trade programme with India a done deal: US official
5 years, 7 months ago

US suspension of trade programme with India a done deal: US official

India Today  

The suspension of a U.S. trade preference programme with India is a "done deal," a senior State Department official said on Thursday as Prime Minister Narendra Modi began his second term. President Donald Trump announced in March he would end India's access to the decades-old Generalized System of Preferences trade programme over what the U.S. said was lack of access …

Government again extends retaliatory import tariff deadline on 29 US products till 16 May
5 years, 8 months ago

Government again extends retaliatory import tariff deadline on 29 US products till 16 May

Firstpost  

New Delhi: The government has again extended its deadline to impose retaliatory import duties on 29 US products, including almond, walnut and pulses, till 16 May. These deadlines were extended several times since June 2018, when India decided to impose these duties in retaliation to a move by the US to impose high customs duties on certain steel and aluminium …

As US delays withdrawing GSP benefits, India postpones retaliatory tariffs
5 years, 8 months ago

As US delays withdrawing GSP benefits, India postpones retaliatory tariffs

Live Mint  

New Delhi: India on Thursday further delayed implementation of its June 2018 order to impose retaliatory tariffs on 29 US products by 14 days till 16 May as it awaits a final word from the US on its decision to withdraw duty-free benefits to Indian exporters. The US also announced in April last year to review the eligibility criteria of …

‘Scrapping India’s trade privileges could hit American consumers’: US senators
5 years, 9 months ago

‘Scrapping India’s trade privileges could hit American consumers’: US senators

Hindustan Times  

A US plan to end preferential duty-free imports of up to $5.6 billion from India could raise costs for American consumers, two US senators have told their country’s trade office, urging a delay in adopting the plan, and seeking more negotiations. If US President Donald Trump presses ahead with his plan to end the Generalized System of Preferences for India, …

Why is GSP vital to India-U.S. trade ties?
5 years, 10 months ago

Why is GSP vital to India-U.S. trade ties?

The Hindu  

What is the programme? According to the website of the U.S. Trade Representative, the GSP helps spur sustainable development in beneficiary countries by helping them increase and diversify their trade with the U.S. The other benefit is that “GSP boosts American competitiveness by reducing the costs of imported inputs used by U.S. companies to manufacture goods in the United States.” …

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