Trade Chief Jamieson Greer Indicates Progress on US–India Trade Deal

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‘With India, it’s fairly far advanced,’ U.S. Trade Representative Jamieson Greer said, regarding the trade talks.

U.S. Trade Representative Jamieson Greer hinted that the United States and India are making progress on a deal.

Appearing before a Senate Appropriations Committee hearing on Dec. 9, Greer told lawmakers that some of India’s trade proposals are the best that the United States has ever received.

“They’re a very difficult nut to crack,” Greer said in an exchange with Sen. Jerry Moran (R-Kan.). “But they’ve been very forward-leaning. The type of offers they’ve been talking to us about have been the best we’ve ever received as a country.”

Still, New Delhi has been resistant to importing certain row crops and other meats and products.

Greer’s comments come as a U.S. trade delegation, led by Deputy Trade Representative Rick Switzer, is in India for negotiations on tariff issues and the proposed bilateral trade agreement that could bolster trade to $500 billion by 2030.

While both sides have been in regular contact to iron out a deal, the path to finalizing it has not been smooth.

This past summer, President Donald Trump imposed steep tariffs on Indian exports to the United States, lifting import duties to as high as 50 percent on a wide range of goods. The administration first raised tariffs to 25 percent—in response to the elevated trade deficit—but later doubled them to 50 percent, citing India’s continued purchases of discounted Russian crude oil.

But the U.S. trade chief insisted to lawmakers that India—the world’s fifth-largest economy—is “a viable market for us,” noting that it is strategically vital for Washington to succeed in trade talks.

“With India, it’s fairly far advanced,” Greer said, regarding the trade talks.

Additionally, U.S.–China negotiators have also been engaged in foreign policy discussions in recent weeks, focusing on key bilateral issues involving energy cooperation, critical minerals, and supply chains.

“The discussions also covered regional and global developments of mutual interest, with both sides underscoring their shared commitment to a free and open Indo-Pacific,” Neha Singh, first secretary at the Embassy of India, said in a statement to The Epoch Times.

Last month, the two nations announced that they had concluded an energy deal that would see India importing approximately 2.2 million tons per annum of liquefied petroleum gas, or LPG.

By Andrew Moran

Read Full Article on TheEpochTimes.com

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