North India Statesman
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News India Live, Digital Desk: India-Rus Trade Talks: The trading talks between India and the United States are expected to return to the track once again from tomorrow. US chief trade negotiaters are reaching New Delhi tonight, after which a new round of discussion on important issues between the officials of both countries will begin. This meeting is being seen as a big attempt to remove the sourness in business relations between the two countries.
What are the main issues of conversation?
There are many issues between the two countries that have been stuck for a long time. India wants the US to remove the additional fees levied on its steel and aluminum products. In addition, India wants easy access to the US market for its agricultural products such as grapes, mangoes and pomegranate. India also demands that the US relax the visa rules for Indian professionals.
At the same time, America has some concerns. The US wants India to cut import duty on American goods such as medical equipment and dairy products. The US is also not happy with the policy of Data Localization of India, under which it is mandatory to store certain special data within the country.
Why is this meeting important for both countries?
This meeting is taking place at a time when the two countries want to further strengthen their economic relations. America is one of India’s largest trading partners, and trade between the two countries is steadily growing. However, disagreement on some issues is not being used in business relationships.
Officials believe that this conversation can lead to mutual consent on some stuck issues, which can clear the way for a large “mini-trade deal”. Both sides are trying to create a situation where both benefit (WIN-WIN SITUATION).
The industry of both countries also keep an eye on this talk. It is expected that this new phase of negotiation will make it easier to trade between the two countries and economic relations will be deeper.
