US-India Trade Deal Negotiations Gain Momentum, Says Atul Keshap
US-India trade deal '75 years overdue', agreement soon: Atul Keshap

Image: Asianet Newsable
Atul Keshap, President of the US-India Business Council, expresses optimism about a bilateral trade agreement between the US and India, stating it is '75 years overdue.' Ongoing negotiations include a proposed 12.5% tariff on Indian goods, with both sides urged to finalize an agreement to boost trade significantly.
- 01Keshap believes the US-India trade deal is '75 years overdue' and essential for bilateral relations.
- 02Negotiations between US Trade Representative officials and Indian negotiators have been positive, lasting two to three days.
- 03The proposed 12.5% tariff on Indian goods is part of the ongoing negotiations, linked to US concerns about labor practices.
- 04Keshap emphasizes the need for compromise from both sides to reach a successful agreement.
- 05He urges India to enhance structural reforms and R&D spending to attract more investment.
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Atul Keshap, President of the US-India Business Council, has expressed optimism regarding the imminent conclusion of a bilateral trade agreement (BTA) between the US and India, describing it as '75 years overdue.' In an interview, he highlighted recent negotiations in Delhi, which lasted two to three days, indicating that both governments are sending positive signals toward finalizing the agreement. A key element of the discussions is a proposed 12.5% tariff on Indian goods, which Keshap asserts is part of the broader negotiations rather than a separate issue. He emphasized the importance of compromise from both sides to address legitimate concerns and facilitate a successful deal. Keshap also noted the need for India to undertake structural reforms and increase research and development spending to enhance its appeal as an investment destination. He expressed concerns about the mutual relevance of US-India relations post-Ukraine war and trade tensions, but praised recent diplomatic efforts, including a visit by Secretary Rubio and the Quad's initiatives.
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The trade agreement could significantly enhance trade between the US and India, potentially increasing trade volume to $500 billion.
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