India-US trade deal hits roadblock; dispute over low agri import duties, GM food
NEW DELHI: The proposed trade deal with the US has run into rough weather with Indian authorities resisting the insistence of their counterparts to allow lower-duty import of American agricultural products such as maize and soybean, fearing adverse impact on farmers and health concerns related to genetically modified food. Sources acknowledged that the talks have hit a hurdle.In the absence of a limited deal ahead of the July 9 deadline, domestic industry will have to brace for a 26% levy, especially with a view within the govt that what the Trump administration is offering in the form of a 10% baseline tariff, applicable to all countries, is not good enough.
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