US President Donald Trump will now have to take a final call on the much-anticipated India-US trade deal, sources told CNBC-TV18. India has made a “decent offer” as part of the ongoing negotiations, and the White House is currently assessing the proposal.According to the sources, the Indian side has put forward a proposal that touches nearly $150 billion to $200 billion worth of goods trade between the two countries. The US administration is now evaluating the market access that American companies would gain under the proposed deal.
However, sources said it is now up to the US to decide whether to accept the current offer or push for further negotiations. India, for its part, is unlikely to make any additional concessions at this stage.
New Delhi has held firm on its red lines, particularly in the agriculture and dairy sectors. There will be no compromise on key areas such as wheat, rice, maize, dairy products, and genetically modified (GM) crops, sources confirmed. India has made it clear that these sensitive sectors will not be opened up in any trade agreement.The country is simultaneously engaging in trade talks with other nations and exploring all available options to expand its export footprint, sources added.Also Read: Death toll from catastrophic flooding in Texas over July Fourth weekend surpasses 100
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