90dayspause
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India is trying to sign a partial bilateral trade agreement (BTA) with the US before the end of 90-day pause on higher tariffs announced by President Donald Trump.
In the next 90 days, New Delhi will pursue a three-pronged strategy aimed at invigorating its trade relations and protecting its domestic industry, a source said.
The preliminary pact is expected to cover essential and non-sensitive products. The government is also considering a reduction of duties on several items imported from US.
In response, Washington is likely to offer New Delhi some permanent tariff relief.
A series of discussions have already taken place between the ministry of external affairs and the US administration. Prime Minister's Office, ministry of commerce & industry, ministry of external affairs and ministry of finance are progressing steadily on the proposed deal.
#TariffsPause #TRUMP #90dayspause
In the next 90 days, New Delhi will pursue a three-pronged strategy aimed at invigorating its trade relations and protecting its domestic industry, a source said.
The preliminary pact is expected to cover essential and non-sensitive products. The government is also considering a reduction of duties on several items imported from US.
In response, Washington is likely to offer New Delhi some permanent tariff relief.
A series of discussions have already taken place between the ministry of external affairs and the US administration. Prime Minister's Office, ministry of commerce & industry, ministry of external affairs and ministry of finance are progressing steadily on the proposed deal.
#TariffsPause #TRUMP #90dayspause
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