The United States initially announced new prices last month on imports from various countries, including a 26% levy on India. He then suspended the prices on all its business partners, with the exception of China for 90 days until July, leaving only a reference rate of 10% in place and offering space for negotiations.
Trade discussions between India and the United States progressed well, but seemed to have struck a roadblock after Delhi has filed an official dispute to the World Trade Organization (WTO) earlier this month against an American price of 25% on all imports of steel and aluminum. However, Goyal’s optimistic tone during the visit to the United States said that the problem would block little between the two parties, according to analysts.
“Taken up a constructive meeting with the secretary @howardlutnick for a mutually beneficial trade agreement. Determined to improve opportunities for our businesses and our people,” Goyal on social networks published on Thursday, a few hours after meeting the Secretary of State for the United States Trade Howard Lutnick.
India and the United States would probably announce the result of its phase trade agreement, covering prices and other problems, including investments, non-tariff obstacles and quality control of goods, analysts said.
“The main problem of these negotiations (during the visit of Goyal) to avoid the first slice of prices once the 90 -day period ended. India will like a smooth landing and will choose certain sectors so that there is no impact, “said Vivek Mishra, deputy director of the strategic study program to observe Research Foundation.
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