Delhi: An Indo-US trade deal has become a topic of discussion ahead of the US President Donald Trump’s maiden visit later this month. Prime Minister Narendra Modi will host the US leader both in national capital New Delhi and also in his home state Gujarat.
According to reports, a limited trade deal between the two countries could be signed during the visit which could cover $10 billion worth of goods and services, nearly 12% of the total bilateral trade. However, the deal is not only opposed by the farmers who fear dumping of US farm and dairy products but is also opposed by some trade experts.
“I am very pessimistic that any trade deal will occur with the US. If it does then we might end up compromising our basic stand on protecting our agriculture, dairy and those items that we want to encourage under our Make in India and Assemble in India policies,” said Ajay Dua, former commerce secretary.
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It will not be easy for Indian negotiators to hammer out a deal ahead of the US President Trump’s visit as this week the US removed India and several other countries from the list of developing countries that were exempt from investigations about any potential harm to the US industry due to subsidised exports.