Willing Partners
Business Today|September 06, 2020
India and the US are likely to restore some trade concessions, but an FTA is still years away
JEO C, MATHEW
Willing Partners

INDIAN CONCERNS

Withdrawal of zero duty GSP benefits to 2,000 products

Increasing tariffs on steel under the national security clause

Restrictions on H1B visas impacting IT firms

Inclusion in the Priority Watch List of United States Trade Representative

FTA template containing contentious non-trade issues

US CONCERNS

Restrictions in the cross-country data flow

Restrictive patent laws

High tariffs on Harley Davidson bikes, chickpeas, walnuts etc

Cap on prices of medical devices

Digital Tax on e-commerce

On July 22, Commerce Minister Piyush Goyal tweeted a video with a message that India and the US are on the cusp of a limited trade package. I believe we have a quick trade deal, which has some of the pending matters, built up over the last couple of years, which we need to get out of the way quickly. We are almost there, another couple of calls and we should be able to sort them out,” Goyal said.

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