India says US trade deal hinges on preferential tariff rate

Swati Pandey / Bloomberg

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The comments come as India seeks to balance ties with longstanding partners including Russia and Iran while maintaining relations with US President Donald Trump.(Sept 4): India will finalise a trade ...

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He added that India was looking at the tariff treatment available to competitors including Vietnam and Bangladesh and wanted rates that were either better or reduced to zero.\n\"We have to see the rate that Vietnam pays in another country, what Bangladesh goods are charged,\" Goyal added. \"Our rates will be better.\" \n\nThe comments come as India seeks to balance ties with longstanding partners including Russia and Iran while maintaining relations with US President Donald Trump. India and the US first announced a trade deal framework in February, but negotiations have since dragged on as the two sides struggle to bridge differences over tariffs and market access.\n\nGoyal is due to travel to the US later this month for a Group of 20 trade ministers' meeting and is expected to hold talks with US Trade Representative Jamieson Greer, according to media reports.\nUploaded by Liza Shireen Koshy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}