India’s refusal to remove the 20% tariffs on Information and Communication Technologies’ (ICT) products has reportedly caused the trade deal between India and USA to fall through, The Hindu reported. India is concerned that removing these tariffs could open up the market to a flood of Chinese products, the report said. A bilateral trade deal was expected to be announced on the sidelines of the UN General Assembly meeting on September 25. However, after the meeting, President Trump said, “I think very soon we will have a trade deal. We will have a larger deal later on.” Was this deal expected? Numerous media reports had hinted at the announcement of this deal, either at the Howdy Modi event in Houston, or at the sidelines of the UN GA meeting. Who were involved in the negotiations? Indian Commerce and Industry Minister Piyush Goyal, and US Trade Representative Robert Lighthizer What did India want? Reinstatement of preferential market access to American markets under the Generalised System of Preferences (GSP) program that USA had revoked in early June. Facilitation of processes in agricultural product markets where it already had access (easier certification of food product irradiation facilities) Greater access in some agricultural markets (grapes, pomegranates) What did the US want? Apart from removal of tariffs on ICT products and smartphones, Washington wanted: Greater access to Indian markets for medical devices (stents and knee implants) and dairy products Removal of price caps (Trade Margin Rationalisation or TMR) on medical devices Scrap tariffs on motorcycles…
- Jugalbandi, A Chatbot for Rural India by Microsoft and EkStep: What to Know and Think About? June 3, 2023
- Hopeful to See Action Against E-Pharmacies Selling Medicines Online Without Licenses: Pharmacy Body Writes to States and UTs June 3, 2023
- Meta to give advertisers more control using AI and content filters June 2, 2023
- Transparency Report: Here’s all Facebook, Instagram, Twitter and Google had to say about user complaints in April June 2, 2023
- Views: Informed Consent—Fiction, Not Fact June 2, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...