North India Statesman
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India and America The trade agreement is under talks between. The first phase of the deal is expected to be agreed next month. Meanwhile, it is reported that India may emphasize equal rights to leading technology under the Bilateral Trade Agreement (BTA). Sources said that India may demand relaxation in export control in areas such as telecom equipment, biotechnology, artificial intelligence (AI), pharmaceuticals, quantum computing and semiconductor.
Demand to make exports easier
Under the proposed trade agreement, India will also try to make export control easier with the US. Along with this, India wants to get tariff concessions for labor-dominated areas like textile, gem and jewelery, leather products, textiles, plastic, chemicals, shrimp, sesame, grapes and bananas. On the other hand, the US is demanding tariff relief on industrial products, automobiles (especially electric vehicles), alcohol, petrochemical products, dairy and apples.
Demand for equal status
A source said that under the proposed bilateral trade agreement (BTA), India may request the US to be given the same status as prominent partners like Australia, Britain and Japan. Export controls will demand easy access to technology, especially in areas such as telecom equipment, biotechnology and artificial intelligence (AI). It is believed that the availability of advanced technology in these areas will greatly boost India’s innovation capabilities, technical infrastructure and economic development. However, the Commerce Ministry, who is leading the talks for the agreement, has refrained from commenting on the questions raised on the issue.
