India is looking to increase bilateral trade with the United States from 200 billion dollars to $ 500 billion by 2030, according to a senior government official.
The official said that the Indian government is also working on a bilateral trade agreement with the United States and is in advancely involved with the United States in trade, adding that the negotiations revolve around the FTA.
The government is also involved in consultations with aluminum exporters regarding the recent definitions imposed by the Trump administration.
Last month, Trump raised the customs tariff on steel and aluminum imports to 25 %, without exemptions or exceptions, in a move designed to help us in the industry while contributing to the escalating trade war.
Regarding the noise surrounding Elon Musk’s Tesla, who started his operations in the country, the official said that the EV maker in the United States has not shown an interest in manufacturing in India yet.
“India is a very open economy and is partially and multiplely with many players. The official who highlighted that teams from the European Union (European Union), UK (UK) have already came to the country for free trade agreement talks.
Speaking of exporters who feel heated due to the constant uncertainty due to the customs tariff policies, the official said that the government would help the exporters when needed.
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