Motilal Oswal
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Motilal Oswal
Economy

India, US expected to soon finalise a trade package to boost bilateral commerce

Updated : February 22, 2019 09:41 PM IST

India is pressing for exemption from high duty imposed by the US on certain steel and aluminium products, resumption of export benefits to some domestic goods under their Generalised System of Preferences (GSP) as well as greater market access for its products from sectors like agriculture, automobile, auto components and engineering.
On the other hand, the US is demanding greater market access through cut in import duties for its agriculture goods, dairy products, medical devices, IT and communication items, the official said.
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