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Cloud over trade talks as U.S. official puts off trip
Why is it in news?
- U.S. Trade Representative (USTR) Robert Lighthizer has put off his trip to India this week, amid signs that the India-U.S. trade talks have hit a rough patch just ahead of President Donald Trump’s visit.
More in news
- No reasons stated: No reason has been given for the change of plans in the USTR’s visit that was expected on February 13, but that there is still a considerable chance that he would visit as a part of Mr. Trump’s entourage to finalise a trade package.
- Talks on LNG import:
(1) India is expected to discuss an increase in LNG imports from the U.S. during the visit.
(2) An MoU for India’s gas importer Petronet to invest $2.5 billion in U.S. company Tellurian Inc’s LNG project, that was signed during Mr. Modi’s visit to Houston, is likely to be formalised during Mr. Trump’s visit,
- Agreements on some issues: Talks so far have brought some agreement on contentious issues including medical device price caps levied by India, a rationalisation of tariffs levied by both sides, and greater market access for U.S. agricultural and dairy products.
Source
The Hindu