Monday, 17 January, 2022
TopicIndia-US trade

Topic: India-US trade

As India’s mango exports to US resume, traders hope ‘smoother’ pre-clearance measures will help

Mango exports to US are restarting after 2 years, because Covid stopped US officials from coming for pre-clearance. Govt bodies say Indian officials will now clear consignments.

Why Indian textile, leather exporters want restoration of preferential trade terms with US

Commerce minister Piyush Goyal has called for restoration of benefits under the US’ Generalized System of Preferences. The Trump administration removed India from GSP list in June 2019.

Fresh push for trade benefits, totalisation pact as India & US revive trade forum

Commerce and Industry Minister Piyush Goyal and US Trade Representative Katherine Tai hold India-US Trade Policy Forum, four years after it was junked by Trump administration.

With trade policy forum back, India-US economic ties must catch up with rest of the relationship

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US, India are set for tough talks as US Trade Representative Tai comes calling this month

Katherine Tai is embarking on her maiden visit to India as US Trade Representative later this month. The two sides will resume the Trade Policy Forum after a gap of four years.

India’s trade deal with the US remains a non-starter for now. Here’s why

Biden administration’s focus on China and sticky issues relating to India’s reluctance to provide greater market access has meant the trade deal is off the table for now. 

US temporarily suspends additional tariffs on India, 5 other countries over digital tax issue

US had last March proposed retaliatory trade actions against India and other countries that imposed or were considering equalisation levy/digital services tax on e-commerce firms.

US exporters continue to encounter significant trade barriers in India, claims report

According to 2021 National Trade Estimate Report on Foreign Trade Barriers, the US goods trade deficit with India was $23.8 billion last year, a 1.7% increase over 2019.

Punjab civic poll results proof Akali Dal didn’t gain from deserting BJP and AAP has a crisis

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Will put together fresh India-US trade package but need ‘greater flexibilities’ — Piyush Goyal

Commerce and Industry Minister Goyal said the old US-India trade package is now 'off the table', and that the US needs to see the 'big picture'.

On Camera

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RBI proposes changes to valuation of bank investments, relaxing of investment class rules

A Reserve Bank of India discussion paper Friday suggested removing caps on the Held-To-Maturity class of securities, and allowing more types of instruments to be held within them.

Defence

A visual from the crash site in Tamil Nadu. | Photo: Twitter/ANI

CDS chopper crash was caused by weather change, leading to Controlled Flight Into Terrain: IAF

In Friday statement, IAF says tri-service Court of Inquiry ruled out mechanical failure, sabotage or negligence as cause of accident involving Mi-17 V5 helicopter last month.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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