The countdown to July 9: The Indian team returns from us with the continued trade talks

The Indian Trade delegation, led by the chief negotiator, Rajash Agrouwal, returned to New Delhi after the completion of a round of discussions in Washington on a temporary trade agreement. Despite the progress made, more negotiations are needed due to issues that were not resolved in the agricultural and cars sectors. The talks are expected to conclude by July 9, according to the official sources. “The Indian team has returned from Washington. Negotiations will continue. There are some issues that must be resolved in the agricultural and cars sectors,” an official said.

Discussions, which took place from June 26 to July 2, is very important because they coincide with the end of the next authority to suspend the mutual definitions imposed by the United States. Both countries aim to finish the temporary agreement before this deadline. India, which takes a fixed position, seeks to exempt its goods from additional definitions while maintaining its position in sensitive sectors such as dairy, which increases the complexity of negotiations.

India presses service concessions in various sectors of intense labor, including textiles, gemstones, jewelry, leather goods, clothes, plastic materials and chemicals. This agreement is an essential step towards a broader bilateral trade agreement expected by September of this year, which aims to obtain more than one bilateral trade to $ 500 billion by 2030, from 191 billion US dollars.

Meanwhile, US President Donald Trump has pointed out a broader simplification of trade conditions with multiple countries. “My Melty is to send a letter abroad and say what countries will the two countries pay. We have more than 170 countries. How many deals you can do?

The United States seeks to obtain discounts in industrial goods and cars, especially electric cars and various agricultural products. However, the Indian government is still resisting to open the dairy market, which is a political sensitive sector.

Trump’s announcement of the mutual tariff, which is scheduled to resume on July 9, adds to the insistence of these negotiations. The United States had previously put a 26 percent mutual tariff on Indian goods, which were suspended for 90 days. Cargo exports in India to the United States increased by 21.78 percent to $ 17.25 billion in the first two months of this fiscal year, while imports increased by 25.8 percent to 8.87 billion dollars.

As the deadline approaches, both countries are under pressure to resolve distinguished issues and facilitate the smoother trade relations. “I prefer to do a simple deal where you can maintain and control it,” Trump added.

(With PTI and Reuters inputs)