Indian and US negotiators made progress in their latest round of talks focused on access for industrial and some agricultural goods, tariffs and non-tariff barriers, according to a Reuters report citing Indian government sources.
The report came after four days of talks but it's not at the finish line yet and "negotiations will continue". The countries are aiming for a pact by autumn and to double trade by 2030.
The report says the two sides are expected to sign an interim agreement by month end.
"India also asked the US to revoke its 10% baseline tariff. However, the US side opposed this," the report says.
I'm not sure this report tells us much, though it certainly looks like the US side is in deal-making mode.
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