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Senior trade officials of India and the US on Wednesday formally commenced three-day talks in New Delhi, on the proposed bilateral trade agreement, even as concerns on reciprocal tariffs from the Trump administration loom.
The talks are expected to cover the initial contours of the bilateral trade agreement, schedule of negotiations and terms of reference. The countries are also expected to exchange a list of items and sectors that require tariff reviews.
This is the first set of official meetings between the two countries, notwithstanding Commerce Minister Piyush Goyal’s informal visit to the US earlier this month.
A team, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, is in India from March 25–29 for “meetings with Indian interlocutors as part of ongoing bilateral trade discussions”, according to the US Embassy in India. They will meet senior officials from the Commerce Ministry’s NAFTA division, which is headed by Additional Secretary Rajesh Agrawal.
The first tranche of the BTA is expected to be finalised by September this year, and will likely cover issues related to tariff reductions, while others such as visas and technology transfers might be touched upon in the second tranche.
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