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What are the main issues in India-US trade negotiations?
The key issues include digital trade, tariffs, market access, and protecting sensitive sectors like pharmaceuticals and agriculture. Both countries are working to reduce trade barriers while safeguarding their domestic industries.
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How are digital trade and tariffs being addressed?
Recent agreements focus on data requirements and digital trade rules, aiming to facilitate cross-border data flow. Tariffs are also a major point, with negotiations seeking to reduce non-tariff barriers and open markets for technology firms.
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Which sectors are most affected by these trade talks?
Pharmaceuticals, agriculture, and technology are the most impacted sectors. India wants to protect its pharmaceutical industry, while the US is pushing for greater access for its tech companies.
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Will these negotiations impact global markets?
Yes, progress or setbacks in India-US trade talks can influence regional and global markets, especially in sectors like technology, agriculture, and manufacturing. Market jitters may occur depending on the outcomes of these negotiations.
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Are there any geopolitical factors influencing the talks?
Absolutely. The negotiations are happening in a complex geopolitical context, with the US aiming to reduce trade deficits and bring manufacturing back home, while India remains cautious about opening sensitive sectors amid broader regional tensions.
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When might we see a broader trade agreement?
While negotiations are ongoing, experts suggest that a broader agreement could be possible within the next few months, depending on how both sides navigate their key concerns and sector protections.