New Delhi: The India-US mini trade deal is unlikely to see the light of day before the presidential elections in the US in November, officials said even though New Delhi has made a proposal on a limited trade package and shared it with Washington.
India has sought 100% restoration of benefits under the Generalized System of Preferences (GSP) scheme and duty concessions for some agricultural products.
“We are not optimistic about the deal happening before November. We understand their compulsions and the timeframe is tight,” said an official.
The two aim for a free trade agreement (FTA) in the long run and have been working on an initial trade deal for almost two years amid a plethora of bilateral issues ranging from medical devices, agriculture, Harley Davidson motorbikes, e-commerce, totalisation pact, visa issues and disputes at the World Trade Organization.
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