India and the US Nearing Conclusion on Trade Deal
Source: economictimes.indiatimes.com
India is negotiating a trade deal with the US, allowing certain GM imports but resisting concessions on sensitive agricultural sectors.
India is poised to permit imports of specific genetically modified (GM) crops for animal feed as part of a bilateral trade agreement with the United States. However, New Delhi firmly opposes concessions in sensitive dairy and agricultural sectors. The nearing completion of the deal is expected to be announced before the July 9 deadline, possibly unveiling in phases.
Sensitive agricultural products and dairy are excluded, yet limited concessions are being considered for certain products like apples. Concessions on US automobiles are prioritized, while India seeks better access for textiles and electronics.
Sensitive agricultural products and dairy are excluded, yet limited concessions are being considered for certain products like apples. Concessions on US automobiles are prioritized, while India seeks better access for textiles and electronics.
The US is pressing for duty concessions in multiple sectors, including industrial goods, electric vehicles, and GM crops such as corn and soybeans. Challenges remain due to difficulty in distinguishing GM and non-GM crop certifications.
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