New Delhi: Indian trade negotiator, who is the head of Washington DC this week, can detect a “initial installment”, before the formal launch of the negotiations, which covers a limited set of issues, even New Delhi and Washington want to close quickly, probably beyond the decline time.
References or methods for the proposed deal are running in 19 chapters, it will include regulatory issues related to tariff cuts and non-tariff measures. Terms have identified issues that have to be taken and how the technical aspects of talks, such as the rules of original or customs facility, will work. But the firm will be offered later.
In early March, US President Donald Trump and PM Narendra Modi agreed to start talks for bilateral trade deal, but since then, mutual tariffs have come in the picture. Trump offered a 90-day stagnation on mutual tariffs, may have an opportunity to harvest some less hanging fruits that are mutually beneficial for both sides, indicating sources. Of course, it is ready to engage in conversations at a time on the American side when countries around the world are running for DC to see how they can avoid mutual tariffs.
Some clarity is also expected to emerge during US Vice President JD Vance’s visit to India, when it is scheduled to meet Modi.
The team under the leadership of India’s chief negotiator Rajesh Aggarwal will be in DC for a three -day dialogue from 23 April, which begins to discuss further routes with technical negotiations. “Both sides will discuss the level of ambition. The terms of the context will be further developed and discussed,” said an official.
Sources said that services, which are an important focus for the government, are likely to be part of the second installment. Trump has mainly focused on tariffs during his aggressive against countries including India, and want to reduce duties for interest products in the US. In the case of India, he and his Commerce Secretary Howard Lutnik have flagged off areas such as automobiles, whiskey and farm products.
