India to seek relaxed export controls and tech access in bilateral trade deal with US: Report
[ad_1] AI-generated image (Credit: Bing image creator) India is preparing to formally request the United States for relaxed export controls and enhanced access to advanced technologies under the proposed bilateral trade agreement (BTA), according to sources quoted by news agency PTI. The concessions India seeks are similar to those granted by the US to close allies like Australia, the United Kingdom, and Japan. New Delhi reportedly aims to secure greater access in sectors such as telecommunications equipment, biotechnology, artificial intelligence (AI), pharmaceuticals, quantum computing, and semiconductors. In parallel, India is pushing for tariff reductions on labour-intensive exports including textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas. Conversely, the US is seeking duty concessions for industrial goods, automobiles (particularly electric vehicles), wines, petrochemical products, dairy, and agricultural products such as apples and tree nuts. […]