New Delhi: India is hopeful of resuming negotiations on the proposed bilateral trade agreement (BTA) with the US soon, and addressing the issue of high tariffs imposed by Washington on Indian goods will be key to striking the deal, a government official said Thursday.
However, the official said the new dates for the next round of negotiations for the agreement have not yet been finalised.
“We are hopeful to get back on the table soon… whenever we strike a deal, both the tariffs (additional 25 per cent and 25 per cent on purchase of Russian oil) need to be addressed,” the official said.
The two countries started negotiations for BTA in March. So far, five rounds of negotiations have been completed. The US team, which was scheduled to visit India from August 25 for the next round of negotiations for the agreement, postponed the meeting.
The talks are paused as the US is pressing for greater market access in politically sensitive areas such as the agri and dairy sectors, which India cannot accept, as it affects the livelihood of small and marginal farmers.
PTI
