India Engaging With US On Bilateral Trade: Centre

India, US would focus on increasing market access, reducing tariff and non-tariff barriers, enhancing supply chain integration and resolving bilateral trade issues - Jitin Prasada, MoS for Commerce, Industry

New Delhi: India and the US would focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration in the proposed bilateral trade agreement, Parliament was informed on Tuesday.

In a written reply to the Lok Sabha, Minister of State (MoS) for Commerce and Industry Jitin Prasada said that as on date, reciprocal tariffs have not been applied by the US on India. He said that the government continues to engage with the US to achieve enhancement and broadening of bilateral trade ties in a mutually beneficial and fair manner. “Both countries plan to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. Both countries would focus on increasing market access, reducing tariff and non-tariff barriers, enhancing supply chain integration and resolving bilateral trade issues,” Prasada said.