India-US Mini Trade Deal To Be Inked In 48 Hours: Sources | PM Modi In Ghana

Описание: NDTV sources are indicating that an interim trade deal between India and the United States is likely to be finalised within the next 48 hours. India's trade team extended its stay in Washington last week to iron out key differences. This comes as the two sides look to clinch a mini deal before the July 9 deadline when the pause on US tariffs is set to be lifted. Both sides have dug in their heels over a number of issues, including Washington's demand that India open its market to genetically modified crops - a long-standing red line for New Delhi due to risks to its farmers. The US is also pressing for greater market access to the Indian agricultural and dairy sectors. However, sources told NDTV Profit that both these sectors are likely to be kept out of the purview of the proposed deal due to concerns over rural livelihoods and food safety. India, on the other hand, is reportedly pushing for meaningful tariff concessions on its labour-intensive exports like footwear, garments, and leather, which are major job creators.

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