India scans tariff, policy tweaks before US talks

Govt seeks ministries’ inputs, expects policy changes from both sides

- Dhirendra Kumar

The Centre will shortly tap various ministries for inputs on tariff and policy tweaks to enhance market access for American goods and services ahead of upcoming trade talks with the US, four people aware of the plans said. The changes will aim to support US companies, educational institutions, and research in sectors such as space, agriculture, pharmaceuticals and high-value manufacturing.

The commerce ministry, which will steer negotiations for the India-US Bilateral Trade Agreement (BTA), will soon send out a checklist to the ministries of defence, electronics and information technology, consumer affairs, agriculture, education, mines, steel, heavy industries, science and technology, and labour, the people cited above said on the condition of anonymity. The exercise aims to align New Delhi's tariffs better with the US duty structure, they said.

"A checklist identifying products for tariff balancing would be sent to various ministries. Their inputs will play a key role in discussions with US authorities during negotiations on the terms of reference for the BTA," one of the four people cited above said.