Jamieson Greer, United States trade representative | Photo credit: Kent nishimura
The United States Commercial Representative (USTR) Jamieson Greer has highlighted a “serious lack of reciprocity” in the commercial relationship of the United States with India, while welcoming the announcement of the terms of reference (Tor) for a bilateral trade between trade and the use and palette Vane Vane Vane Vane Vane Vane and Narendra Modi.
“There is a serious Lack of reciprocity in the trade relationship with India. These ongoing talks Will Help Achieve Balance and Reciprocity by Opening New Markets For American Goods and Addressing Unafair practices that Harm American World Workers in a Steping and Saget Troer Saiding in A Astment Saiding in A Astment Saiding in A Astement and Saiding in a Station in A athe and Saiding in a Station in a Station in a Station in a Station in a station at a station at a station at a station at a station at a station at a station at a station in a statement on Monday night.
The USTR appreciated the constructive commitment of India so far and said he hoped to create new opportunities for workers, farmers and entrepreneurs in both countries.
On April 2, the president of the United States, Donald Trump, announced reciprocal tariffs of imports from most countries, including a 26 percent tax on Indian goods, but suspended tariffs (except a reference rate or 10 percent) for a period of 90 days.
India, therefore, is in a hurry to sew a provisional limited agreement in the 90 -day period to convince the United States to postpone reciprocal tariffs and possible to reverse the reference rate of 10 percent that already imposed on imports prior to this.
However, the first stretch of the largest BTA agreed for Trump and Modi in February of this year, has a posterior deadline of the autumn of 2025 (September-surrounding) and is expected to include serval areas. “The terms of referring informed today by Vice President Vance establish a road map for multiple and mutually beneficial BTA negotiations.
He said that the announcement of the tors raised the significant work done since February 13, 2025, when Modi and Trump agreed to launch negotiations for the PACT. The two leaders established an objective of more than duplicating the bilateral trade to $ 500 billion by 2030.
“The terms of reference … Establish a road map for beneficial and multiple beneficial and multiple BTA negotiations.
Vance in India
Vance, on a four -day visit to India, with Modi on Monday for bilateral conversations where the two discussed several issues to strengthen the bidirectional relationship, including the negotiation of a BTA focused on the well -being of the people of the former, the first bytesueed Eseyed issued.
The two leaders also noticed continuous efforts to improve cooperation in energy, defense, strategic technologies and other areas
“The United States has long recognized significant commercial barriers with India. As a result, the United States carried out a commercial deficit of $ 45.7 billion with India in 2024, an increase of 5.1 percent ($ 2.2 billion) welcome to the Theiff’s meeting with President Trump in February and his willingness to further reduce the rates of US products as part of the BTA.” Ustum on the United States website.
Posted on April 22, 2025