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US team to visit India on August 25 for next round of talks for trade pact

Economic Times

Economic Times · 2d ago

US team to visit India on August 25 for next round of talks for trade pact

A U.S. delegation is scheduled to visit India on August 25 for a new round of negotiations on a proposed bilateral trade agreement. Both countries aim to finalize an interim trade deal before the August 1 tariff deadline. Key discussion points include U.S. demands for duty concessions on agricultural and industrial goods and India's requests for tariff relief in sectors like textiles and electronics. Talks are expected to conclude a first phase by September-October.

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US team to visit India in August for next round of talks for trade pact

Economic Times

Economic Times · 10d ago

US team to visit India in August for next round of talks for trade pact

A US team is set to visit India in August for further trade discussions, aiming to finalize an interim trade deal. Upcoming talks focus on the suspension of Trump-era tariffs, with India's negotiator Rajesh Agrawal and US counterpart Brendan Lynch deliberating. Key issues include US demands for agricultural duty concessions and India's push to eliminate tariffs on steel, aluminum, and textiles. The countries aim to conclude initial trade agreement discussions by fall 2023.

India-US trade pact talks gain momentum, says Goyal

Economic Times

Economic Times · 5d ago

India-US trade pact talks gain momentum, says Goyal

Commerce and Industry Minister Piyush Goyal announced that trade agreement negotiations with the US are progressing rapidly. The US delegation will visit India for further discussions, following the recent completion of the fifth negotiation round in Washington. Both nations aim to finalize the initial phase of the agreement by September-October, targeting to increase bilateral trade from USD 191 billion to USD 500 billion. Additionally, a free trade agreement with Oman is nearing completion.

Last-ditch efforts on to avoid higher US tariffs as India pushes for trade pact: Sources

Economic Times

Economic Times · 1d ago

Last-ditch efforts on to avoid higher US tariffs as India pushes for trade pact: Sources

India and the US are in last-minute negotiations to finalize an interim trade deal before the August 1 deadline, avoiding increased US tariffs. The US tariffs, initially suspended, are set to resume without an agreement. India seeks concessions on tariffs particularly affecting sectors like steel, aluminum, and textiles, while the US desires reduced duties on industrial goods and agricultural products. The talks aim to resolve trade barriers and finalize some agreements by fall 2023.

Two days to go: No clarity over US tariffs, trade pact talks on

Economic Times

Economic Times · 1d ago

Two days to go: No clarity over US tariffs, trade pact talks on

With the August 1 deadline approaching, there is uncertainty regarding the U.S.'s higher tariffs on Indian goods. Both countries are engaged in intense trade negotiations, but the exact tariff rates remain unclear. President Trump announced potential tariffs of 15-20% on exports from countries without separate trade deals. The U.S. and India have concluded the fifth round of bilateral trade agreement discussions, aiming to finalize the first tranche by October-November. The outcome of these talks remains uncertain.

India, US may agree on interim trade pact by June 25, says report

Business Today

Business Today · 2m ago

India, US may agree on interim trade pact by June 25, says report

India and the US aim to finalize an interim trade pact by June 25, to further strengthen their bilateral relationship. In 2024-25, the US remained India's largest trading partner, with trade totaling $131.84 billion. India seeks duty concessions on textiles, gems, jewelry, and several agricultural products, while the US requests concessions on industrial goods, automobiles, wines, and agricultural items. They aim to conclude the first phase of the agreement by September-October 2025, enhancing economic ties further.

Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely

Economic Times

Economic Times · 9d ago

Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely

Deloitte South Asia CEO Romal Shetty believes that current trade and tariff disputes won't last indefinitely. He anticipates easing tensions in a few months, highlighting strengthened India-US relations due to shared interests and strategic geopolitical positioning. Both countries are negotiating a crucial trade pact, with another round of talks planned in August. Shetty is optimistic about resolving the disputes and sees India's strong position benefiting its strategic and geopolitical standing.

Indian markets stare at short-term jitters from Trump's tariff hit

Livemint

Livemint · 15h ago

Indian markets stare at short-term jitters from Trump's tariff hit

Indian markets may face short-term challenges due to a 25% tariff imposed by US President Donald Trump on imports from India, affecting key export sectors like textiles, pharmaceuticals, and automotive components. Despite this, experts believe the impact will be temporary, with hopes of a trade agreement between India and the US. Negotiations for a bilateral trade deal are scheduled for August, potentially alleviating market pressures.

Would like to conclude early tranche of trade pact with US before July 9: Commerce Secretary

Economic Times

Economic Times · 1m ago

Would like to conclude early tranche of trade pact with US before July 9: Commerce Secretary

India and the US are progressing well in negotiations for a trade agreement, aiming to conclude an early tranche before July 9, according to Commerce Secretary Sunil Barthwal. Both sides have conducted multiple visits to each other's countries for discussions. The US had imposed an additional 26% reciprocal tariff on Indian goods, temporarily suspended until July 9, while a 10% baseline tariff remains. The talks are on track to meet the set deadlines.

India, US eye breakthrough in trade talks as Piyush Goyal visits Washington this weekend - BusinessToday

Business Today

Business Today · 2m ago

India, US eye breakthrough in trade talks as Piyush Goyal visits Washington this weekend - BusinessToday

Commerce Minister Piyush Goyal will visit Washington to lead critical trade talks with the U.S., aiming for an interim bilateral trade agreement. The discussions will focus on market access, non-tariff barriers, and maintaining a balanced trade relationship amidst current tariff pauses. India seeks duty reductions in labor-intensive sectors, while the U.S. seeks concessions in industrial goods and agriculture. The talks build on previous diplomatic groundwork to enhance bilateral trade, aiming for a finalized pact by 2025.

India-UK trade pact to help boost exports of labour-intensive sectors, says exporters' body FIEO

Economic Times

Economic Times · 7d ago

India-UK trade pact to help boost exports of labour-intensive sectors, says exporters' body FIEO

The proposed India-UK trade pact is expected to enhance exports in labor-intensive sectors like textiles, leather, gems, jewellery, pharmaceuticals, marine, and engineering goods. Scheduled for signing during Prime Minister Narendra Modi's visit, the agreement aims to double bilateral trade to USD 120 billion by 2030. It promises tariff eliminations on Indian garments, improved market access, and regulatory easing, thus benefiting sectors including pharmaceuticals and IT services while creating new opportunities for Indian businesses.

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