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Rajesh Agrawal, the highest trade negotiator in India, returned from Washington when the fifth round (BTA) of the bilateral trade agreement negotiates with the United States before the deadline for the threatening tariff.
Four-day 14-17. The aim of the discussions in July was to complete the temporary trade agreement before 1 August-kun USA is expected to re-set Trump era tariffs up to 26%, including India.
The Agrawal, the Special Secretary of the Indian shopping center, led the delegation in discussions that included key sectors such as agriculture, cars, and high -tech export Scome (special chemicals, organisms, materials, equipment and techniques).
India strictly keeps US pressure lowered agriculture and dairy products – sectors that it is constantly protected in trade agreements. Domestic farming groups have also demanded that agriculture be completely excluded from discussions.
New Delhi, on the other hand, drives the returning of 26%of the hung 26%and strives for lower tasks steel (currently 50%), aluminum and cars (25%). India also wants a better access to the US market for labor -intensive exports, including textiles, jewels, leather products, shrimps, grapes and bananas.
In the meantime, the United States requires customization of electric vehicles, wines, petrochemicals and agriculture and genetically modified products.
Although both sides are seeking to complete the BTA phase in September or in October, their immediate concentration is still the « Mini agreement » before August 1.
Two trades between the countries are still solid. The export of Indian goods to the United States rose to 22.8% to $ 25.51 billion FY2025, while imported imports to $ 12.86 billion.
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