US Trade Representative Calls India 'Tough Nut' in Ongoing Trade Negotiations
India 'tough nut to crack' on trade, says USTR Greer after latest talks
Business Standard
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US Trade Representative Jamieson Greer described India as a 'tough nut to crack' during recent trade negotiations in Washington. The discussions, led by Indian Additional Secretary Darpan Jain, focused on a bilateral trade agreement aiming for $500 billion in trade by 2030, amidst challenges in agricultural market protections.
- 01US Trade Representative Jamieson Greer emphasized India's challenges in trade negotiations.
- 02The Indian delegation, led by Darpan Jain, discussed the bilateral trade agreement with US officials.
- 03The agreement aims for $500 billion in bilateral trade by 2030.
- 04India seeks preferential access to US markets while protecting its agricultural sectors.
- 05Recent US Supreme Court rulings impact the negotiation framework.
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During a recent three-day negotiation in Washington, US Trade Representative Jamieson Greer characterized India as a 'tough nut to crack' regarding trade discussions. The Indian delegation, led by Darpan Jain (Additional Secretary in the Department of Commerce), engaged with US officials, including Brendan Lynch (Assistant USTR for South and Central Asia), to refine the bilateral trade agreement framework. Announced on February 2, the agreement aims to boost bilateral trade to $500 billion by 2030. Greer noted India's longstanding protection of its agricultural markets, which complicates negotiations. Specific commodities, such as distillers dried grains (DDGs), were highlighted as potential areas for mutual agreement. Following a recent US Supreme Court ruling that affected tariffs, India is looking to adjust the agreement to safeguard its interests within the new global tariff landscape, particularly as the US plans to reduce tariffs on Indian goods from 50% to 18%.
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The trade agreement could significantly enhance market access for Indian exporters, potentially boosting the economy and creating jobs.
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