India to take firm stance on agriculture in Indo-US trade talks, seeks balanced agreement

New Delhi: The Government of India is set to adopt a tough stand to protect its agriculture sector during the upcoming high-level Indo-US trade talks.

Meanwhile, a consensus is expected on reducing tariffs in non-farm sectors such as automobiles and non-generic pharmaceuticals, official sources said.

The discussions will be led by Commerce Secretary Rajesh Agarwal, Foreign Secretary Vikram Misri, and India’s Ambassador to the US Vinay Kwatra.

The trio will engage with their American counterparts on key trade issues, including the 26% tax imposed by the US on Indian goods and the possibility of a bilateral trade agreement (BTA).

Sources said India is aiming for a mutually beneficial agreement, prioritizing national interests while addressing key American concerns. India is also prepared to increase imports of oil, gas, machinery, and medical equipment from the US.

Officials noted that India was the only country US negotiators visited for talks following the tariff hike announced by former President Donald Trump.

They added that India weathered the impact better than its traditional trade rivals, giving its exporters a comparative advantage.