Indian team in Washington extends stay for trade talks: Official

An official, chaired by the Ministry of Commerce Rajesh Agrawal, said the Indian team will remain for a temporary trade agreement negotiations with the United States in Washington until June 30, 2025, June 30, 2025.

The remaining Indian officials was extended for three days until June 30th. Initially, the delegation was scheduled for two days with the start of June 26.

Since both countries have negotiated for a temporary trade agreement and tried to conclude the agreement before July 9, these negotiations are important, which is important, which is the date of suspension of mutual tariffs imposed by the Donald Trump administration on April 2.

On April 2, the United States brought a 26% more mutual tariff to Indian goods, but suspended for 90 days. However, the 10% basic tariff imposed by the United States continues. India requires full exemption from 26% tariff.

Agriculture and milk sectors are difficult and challenging areas for India to compromise the US. India has not opened dairy products in any of the free trade pacts signed so far.

The United States requires specific industrial products, cars – especially electric vehicles, wines, petrochemical products, dairy products and apples, wooden peanuts and genetically modified crops.

India is looking for duty privileges in the proposed trade agreement for labor -intensive sectors such as textiles, jewels and jewels, leather products, clothes, plastics, chemicals, shrimp, oil seeds, grapes and bananas.

The two countries also want to have negotiations with the first tranche of the proposed bilateral trade agreement (BTA) in autumn (September-October) this year. The pact aims to double the bilateral trade from the current 191 billion dollars to 2030 to $ 500 billion.

Before the first tongue, they work for a temporary trade agreement.

The US team was here between June 5 and 11 June for the talks. Negotiations will continue both virtual and physically in the coming days.

India’s exports to the United States increased by 21.78% to 17.25 billion dollars in this financial year, while imports increased by 25.8% to 8.87 billion dollars.