Business

US Eyes Major Policy Shifts in India Trade Deal: Tariff Cuts and Regulatory Reforms on the Table

US-India Trade Deal: A Push for Policy Changes

The United States is setting the stage for significant policy changes in its proposed bilateral trade agreement with India. According to the Global Trade Research Initiative (GTRI), the US aims to secure advantages for American businesses and exporters through a series of demands that could reshape India's current trade and regulatory landscape.

US may seek tariff cuts, reforms in trade deal: GTRI

Agricultural Sector Reforms

In the agricultural sector, the US is pushing for India to scale back its minimum price support programs for staples such as rice and wheat. Additionally, the US is advocating for the removal of restrictions on genetically modified (GM) imports and a reduction in farm tariffs, aiming to open up the Indian market further to American agricultural products.

Dairy Industry Challenges

The dairy sector presents another contentious area, with the US criticizing India's GM-free feed certification and facility registration protocols as barriers to American dairy imports. India, however, views these policies as non-negotiable, setting the stage for tough negotiations.

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