The American Commercial Deal of the United States: The United States team to visit India on August 25 for the next round of talks

The United States delegation is scheduled to arrive in India on August 25 for the next round of negotiations related to the proposed bilateral agreement between the two countries. This next visit represents the sixth round of talks aimed at advancing discussions on the commercial agreement.

These negotiations come at a time when both sides seek to put the finishing touches on a temporary commercial deal before the deadline on August 1, which represents the end of the suspension period for the tariff imposed by the previous US administration.

The previous round of the talks was held in Washington, where the chief negotiator in India, Rajch Agrouwal and Brendan Lynch, the American commercial actor in South and Central Asia, participated in detailed discussions. As the deadline approaches, both countries are keen to solve issues related to the definitions and obligatory concessions.

India has expressed a strong position on providing duty concessions on agricultural products and dairy products, which the United States is actively seeking. This position is strengthened by local farmers ’associations, which urged the government to exclude issues related to agriculture from the commercial agreement.

From India’s point of view, removal of an additional 26 percent tariff, along with a tariff of steel, aluminum, and a priority car sector. These issues are essential in the discussions of the ongoing commercial agreement and are negotiated as well as possible revenge duties under the standards of the World Trade Organization.

The United States follows the obligatory concessions on a group of industrial goods, focusing on electric cars, wine and petrochemical products. Discussions also include agricultural commodities, dairy tools, and genetically modified crops.

Since both countries aim to conclude the first tranche of the Trade Convention by September this year, they also establish a temporary trade agreement. Meanwhile, goods exports in India to the United States witnessed a significant increase, an increase of 22.8 percent to $ 25.51 billion in the April neighborhood to June, indicating a strong trade relationship.

(With PTI inputs)