By Admin 
India-Rus Trade Deal: The trade deal between India and America may soon be stamped. Recently, the fifth round of talks were also completed. In this, the tray deal was to wear the last blueprint. This deal is being considered important for India so that reciperook tariffs can be avoided and can be at the forefront of other Asian countries. The dialogue lasted in Washington for four days (14 July-17 July).
Let us know that America has fixed the deadline for installing reciperook tariff on 1 August. US President Donald Trump also recently said that the deal with India is almost final, but in the meantime if both countries do not reach any agreement, then the US will impose 26 % tariff on India.
Negotiations on these issues
India wants America to impose less tariffs on it than other Asian countries. However, it is being told that this dialogue has moved forward many levels from the common conversation on business, in which issues ranging from digital economy to ‘high technology trade’ also took place.
According to the report of The Financial Express, India has demanded exemption from the US from 25 percent on the auto sector and 50 percent tariff on steel and aluminum. There was also talks between the two countries on Somet (Special Chemicals, Organisms, Material, Equipments and Technology). The trade of these things is very regulated and only with reliable partners.
America demands from India
India wants to adopt a protective attitude towards its agriculture and dairy sector along with cum tariffs as America is trying to set a foot on these two sectors in India. Along with reducing import duty in agriculture sector, the US also wants India to let the genetically modified agricultural products come here. There is also a demand for America to reduce import duty on automobiles from India and buy more energy products from them.
Protecting the interests of its farmers, especially for grains like dairy sector and wheat and rice, India has demanded more access to the market for emerging manufacturing sectors like its labor-dominated and electronics. Apart from goods trade, another objective of America is to create a more liberal regulatory environment for its technology companies in India. So far, the US has announced a trade deal with Britain, Indonesia and Vietnam.
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