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India must open up: Lutnick

Financial Express Lucknow

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March 08, 2025

EARLIER IN THE day, in a cautious reaction to Trump's announcement on reciprocal tariffs, a spokesperson of India's external affairs ministry said the country is looking at deepening trade ties with the US including by reducing tariff and non-tariff barriers under a bilateral trade agreement.

During PM Modi's visit to the US last month, both sides announced plans to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. The nature and scope of the agreement were not spelled out in detail then.

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