Indien ‚weit voraus‘ in Gesprächen mit uns, Referenzbedingungen für Handelsabkommen abgeschlossen: Bericht
https://www.hindustantimes.com/india-news/india-far-ahead-in-talks-with-us-terms-of-reference-for-trade-deal-finalised-report-101744371018564.html
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SS: India and the United States have purportedly finalised the terms of reference for talks on the first segment of a bilateral trade agreement and were ahead of other countries in negotiating with America, reported Reuters, citing an anonymous official.
The deal between the two countries, which could be finalised in the next 90 days, was described as potentially having a “win-win shape and form,” by a trade official cited by Reuters.
Donald Trump’s administration had announced a 26 per cent tariff on Indian products last week, and India had not imposed any retaliatory tariffs on the country. The US President has issued a pause in the tariffs for certain countries, including India, to negotiate favourable deals that could lead to lowering of tariffs.
I wish the Indian officials just finished things and then leak things. I am always wary of our officials using backchannels for signalling instead of just putting out a statement when they are done.
That being said.
Indians will want to take advantage of an opportunity to break through some of its own historical baggage wrt trade barriers and defence imports.
Hopefully, we also ease up on the GMO issue. For f sake, the increased productivity in the agriculture sector alone will shake most of those markets where India plays today.
Play to Trump’s ego, play to Trump’s minions need for market access, play to America hawks looking at Indo-Pacific primacy. All of this India can do better than playing to Biden’s holier than thou attitude that always ended in an impasse on human rights issues.
These bureaucrats talk a lot and do little. There is no need to announce anything until its finalised considering how fast the Trump admin changes its mind.
I’m Indian. The problem is we have no idea what Trump will announce tomorrow, nor what he wants from us.
The only products we might be able to import more of are defence equipment, but they are subject to sanctions and costs are usually higher than alternatives.
The India-Australia FTA has some remarkable terms which allow a very large amount of cross-migration between the countries. But few if any Australians are interested in migrating to India, so the flow is mostly one-way. Is America looking to sign up to something similar?
India should remove the tariffs on American cars, motorcycles- in reality no one will buy them because of their poor reliability. (Royal Enfield>>Harley & Skoda/Hyundai>Chevy/Gmc)
Where the competition comes will be on lentils- let Australia, Canada and US fight it out.
Negotiate on tech transfer for defense equipment- especially drone (it’s the future). F35 is insanely expensive cause it’s the whole eco system. But on the Apache Helicopters/C130 Hercules/Drones, there’s plenty of room for negotiations