Lagatar24 Desk
New Delhi: An interim trade deal between India and the United States appears to be on the verge of being finalized, possibly as early as this week, as Indian negotiators have extended their stay in Washington for critical last-minute talks.While both sides are hopeful, New Delhi has emphatically stated that it will not cross its “red lines,” particularly concerning market access for agriculture and dairy products.
Agriculture a Non-Negotiable Point for India
The primary hurdle in the negotiations remains the US demand for greater access to India’s agriculture and dairy markets, including for genetically modified (GM) crops. Indian officials have maintained a firm stance, with sources stating there would be “no compromise on the interests of Indian farmers.”This position has been reinforced by top government ministers, who have clarified that protecting the nation’s vast small-scale farming sector is a non-negotiable “red line” for India in these discussions.
Racing Against the July 9 Tariff Deadline
The negotiations are taking place under significant pressure, with a July 9 deadline looming. After this date, a 90-day suspension on proposed 26% reciprocal US tariffs on Indian goods is set to expire. The White House has indicated that a deal is “very close,” expressing optimism for a positive outcome. This provisional agreement is viewed as the initial phase of a more comprehensive trade partnership, with talks for a full Bilateral Trade Agreement expected to be completed by the autumn of 2025.
