A way forward for trade between India and US will benefit agri sector

After months of dispute, India and the US have finally reached an agreement with regard to ongoing disputes at the World Trade Organization (WTO), according to the office of the US Trade Representative (USTR). It added that this move could create new agricultural opportunities for both countries.

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A document released by the Congressional Research Service (CRS) said that the US had concerns over India’s tariff rates, the highest of any major country. CRS said: “India can raise its applied rates to bound rates without violating WTO commitments, causing uncertainty for US exporters.”