https://www.taxtmi.com/news?id=44500 Negotiations aim to secure an interim bilateral trade pact that would address the additional reciprocal duty by pursuing a tariff exemption and sectoral duty concessions for labour intensive Indian exports, while the United States seeks concessions for industrial goods, automobiles (including electric vehicles), wines, petrochemicals, dairy and certain agricultural products; regulatory limits on genetically modified crop imports remain a barrier. Parties target an early July interim deal and a first phase agreement by autumn to expand bilateral trade, using suspension of the additional duty and negotiations on reciprocal removals or phased concessions as operative mechanisms. en-us Fri, 23 May 2025 10:16:03 +0530 Fri, 23 May 2025 10:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44500 Negotiations aim to secure an interim bilateral trade pact that would address the additional reciprocal duty by pursuing a tariff exemption and sectoral duty concessions for labour intensive Indian exports, while the United States seeks concessions for industrial goods, automobiles (including electric vehicles), wines, petrochemicals, dairy and certain agricultural products; regulatory limits on genetically modified crop imports remain a barrier. Parties target an early July interim deal and a first phase agreement by autumn to expand bilateral trade, using suspension of the additional duty and negotiations on reciprocal removals or phased concessions as operative mechanisms. News - Fri, 23 May 2025 10:16:03 +0530 https://www.taxtmi.com/news?id=44500