Trade deal
The fifth round of trade deal between India and America has been completed. Both countries are negotiating to build consensus on tariffs. The doors of the deal are open, but nothing has been done yet. India has once again indicated its firm attitude towards the International Trade Deal. The Indian delegation led by Rajesh Aggarwal, the chief negotiator of India and Special Secretary in the Department of Commerce, discussed for four days in the US from 14 to 17 July. But the deal has not been finalized. Let us understand what the matter is stuck between the two countries.
The biggest screw on trade between India and America is stuck with agriculture and dairy sector. Because the US wants to present its products at a low fee in the Indian market. In both these sectors, he wants a free market and India does not agree on it. Experts believe that the trade deal between the US and India is a big reason for not being able to talk on this sector in stuck.
Deal will not be done by media talks
At the same time, Union Minister Piyush Goyal has said that national interest is paramount for us. He emphasized that India insists more on negotiation and compromise not through media. India preference strategic patience rather than external pressure. India focuses on ensuring access to its IT, textile and pharmaceutical industries.
What can happen next?
The fifth round of conversation is over, but it seems that both sides have kept the door open. India will now analyze the results internally and will prepare its strategy. Nevertheless, it is becoming clear that India is not desperate for any deal. As the statements of Minister Goyal reveal, the current government is not in the show, but is interested in a fair and beneficial agreement for both sides.