India is looking for an agreement on definitions by July

It is understood that India and the United States are working on an early harvesting deal that only covers tariff issues and may be completed by July. A more comprehensive agreement is likely to be reached on many non -transmitted issues between the two countries in almost the next stage in October, if things go well.

According to the sources, India is keen to complete the discussions and put the final touches on a temporary arrangement on the definitions before the definitions mutual by the United States on July 9. The talks are expected to cover the main export elements, with the United States eager to expand its markets in India. However, it is expected that the sensitive elements of India, such as dairy and agriculture, will be removed from the tariff talks, noting that every country wants to protect its own interests. But as with the UK’s Free Trade Agreement, India is keen to obtain a less tariff for intensive export sectors such as textiles, leather, precious stones and jewelry.

The United States is still interested in low duties of its goods, such as cars, including electric and whiskey cars as well as agricultural commodities. More purchasing oil and defense equipment by India is another major element in the American Wish list.

More discussion may be held on non -carrier barriers, including issues related to technology, e -commerce and data storage, after July.

The Minister of Trade and Industry, in addition to an Indian negotiator, led by Rajesh Agarwal, private secretary, trade, are currently working in the United States to work on the proposed bilateral trade agreement.

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While Goyal makes a four -day trip to the United States from May 17 to May 20, the Indian team will return to negotiators on May 23.

According to the mutual tariff plan, the United States imposed a 26 % tariff on India, but then announced a temporary stop of 90 days, which ends on July 8 of midnight. India is keen to finish the first slide of BTA with the United States before that to escape the higher definitions and protect the main export market. The United States is the largest trading partner in India, with bilateral trade reached 131.84 billion dollars.