New Delhi: After the United Kingdom, India is now trying to conclude an “early” trade agreement with the European Union in July, the two parties seeking to push exports in the midst of uncertainty caused by Donald Trump movements on prices.Negotiators on both sides are working on overtime to finalize the commercial pact – which has been underway for almost two decades – with a team led by the chief negotiator of India Satya Srinivas in Brussels this week.Govt should offer pricing concessions similar to those it has accepted with the United Kingdom, in particular by reducing the 10%automobile tax, while reducing stains on wines, certain types of meat and poultry. In return, he would like the commercial block to offer easier access to Indian clothing, pharmaceutical products, steel and petroleum products.The interim agreement will not be limited to prices and may also include issues such as intellectual property rights (DPI), Govt purchases and non -pricing obstacles, said a senior official. A few years ago, India had concluded an interim pact with Australia, although it concluded a complete free trade agreement with the United Kingdom.Sources have indicated that the Pact proposed with Oman, which is mainly blocked on the issue of petrochemicals, could also be finalized soon because the government is expanding its commercial commitment to push exports, both goods and services.India and the EU have agreed to conclude the two -phase agreement due to the uncertain global trade environment, sources said.In recent months, the talks have received a boost, thanks to the signals from the highest levels. The EU is also considered more accommodating in India’s position on several charges, which it was not willing to do earlier.
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