New Delhi, April 27 (PTI) is likely to reduce export control from the US in India and provide access to important technologies under the proposed bilateral trade agreement (BTA) with leading American colleagues such as Australia, UK and Japan, said sources said.
He said that India can seek these comfort for areas such as telecom equipment, biotechnology, AI (Artificial Intelligence), Pharmaceuticals, Quantum Computing and Semiconductors.
The country is also demanding duty concessions for garments, gems and jewels, leather goods, textiles, plastic, chemicals, shrimp, oil seeds, chemicals, grapes and bananas in the proposed treaty with the US.
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On the other hand, the US wants duty concessions in areas such as some industrial goods, automobiles (especially electric vehicles), wine, petrochemical products, dairy, agricultural items such as apple and tree nuts.
As part of the proposed BTA, one of the sources said, “India may request the US that it can consolidate this about access to technology in major sectors like Australia, UK and other major American colleagues including other major American colleagues, especially telecommunications equipment, biotechnology, and AI.”
Easy access to state -of -the -art technologies in these regions will help promote India’s innovation capabilities, increase its technical infrastructure and further the country’s economic growth.
The Ministry of Commerce, who is leading the conversation for the agreement, refused to comment on being asked about these issues.
According to Think Tank GTRI, the US has reduced export control to strengthen technology participation with close colleagues such as Australia, United Kingdom and Japan. Changes are designed to make cooperation easier in important areas.
It said that as part of the Okas Security Pact, the US has simplified the rules for sharing defense and dual use technologies with Australia and UK. Since September 1, 2024, about 80 percent of defense-related exports in these countries no longer require individual license under revised US weapons rules.
In September 2024, Washington also introduced new global control over exports related to quantum computing and semiconductor manufacturing.
However, reliable partners such as Australia, UK, Japan and other G7 countries have been given a large exemption from these new requirements, which helps to keep research and business channels open, said GTRI founder Ajay Srivastava. At India’s request, he said, while Washington is eager to strengthen technical relations with India, especially under the Quad Framework, it can reduce the offering of full equality.
“American officials may indicate ongoing concerns about India’s export control, intellectual property security, cyber security standards and military relations with Russia. Instead of blanket discounts, can suggest mechanisms such as Washington, reliable companion programs, project-specific licenses, or extended licensed exceptions for selected Indian institutions.”
Torses of references are finalized for an agreement proposed by India and the United States, including about 19 chapters covering issues such as tariffs, goods, services, rules of origin, non-tariff barriers and customs facilities.
To give more inspiration for negotiations in the 90-day tariff pose window, an Indian official team was to exclude differences on some issues before starting a formally conversation for the treaty in Washington.
The team, headed by India’s chief negotiator Rajesh Aggarwal, has concluded a three -day dialogue with its American counterpart. Aggarwal is the Additional Secretary in the Department of Commerce.
The US was India’s largest trading partner for the fourth consecutive year in 2024-25, with bilateral trade to USD 131.84 billion. About 18 percent of the total goods exports of the US, 6.22 percent in imports and 10.73 percent in the country’s total trade trade.
Along with the US, in India in 2024–25 goods were a trade surplus of USD 41.18 billion (difference between imports and exports). It was 35.32 billion in 2023-24, US $ 27.7 billion in 2022-23, USD 32.85 billion in 2021-22 and USD 22.73 billion in 2020–21. The US has expressed concern over this broader trade deficit. PTI RR HVA TRB TRB
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