INDIA, U.S. may announce FIRST TRANCHE OF free TRADE pact BY the END OF JUNe
New Delhi, May 21 -- India may escape the United States' additional reciprocal tariff that was set to kick in on July 9 as both countries are currently discussing the fine print - having already resolved almost all tariff-related issues - so that they can announce a first tranche of a comprehensive bilateral trade agreement (BTA) by June-end, people aware of the matter said.
After several rounds of discussions, India and US have arrived at near consensus on granting duty-free access to over 90% products from the respective countries for mutual gain, provided Washington accords preferential treatment to Indian merchandise by removing all non-tariff barriers, these people said, requesting anonymity due to the confidential talks. P12...
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