What are the primary obstacles preventing a comprehensive India-U.S. trade agreement?
The primary obstacles
preventing a comprehensive India-U.S. trade agreement are largely centered
on the agriculture and dairy sectors.
Key points highlighting these challenges include:
•Elusive Agreement on Key Sectors A potential trade deal remains challenging because an agreement between India and the U.S. on agriculture and dairy remains elusive.
•Sensitivity of Sectors These sectors, particularly dairy, are considered "sensitive". India aims to be "very careful" in negotiations concerning them, prioritizing their protection over rushing to meet deadlines.
• Ongoing Differences: Even in
the context of the July 9 deadline for the reimposition of U.S. reciprocal
tariffs, these sectors present challenges due to existing differences. India is
not "desperate" to conclude a deal by this deadline, indicating that
protecting these sensitive sectors is a higher priority than simply meeting the
date. The government is still carefully considering what to include and
exclude, even for a "mini deal".
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