In about a week, Donald Trump will embark on his maiden visit to India as President of the US. But, it is expected that the economic and trade related takeaways from the Trump visit will be limited.
CNBC-TV18’s Rituparna Bhuyan explains the latest state of play on the trade parleys between the countries.
It seems there unlikely to be much breakthrough on US-India trade front during this visit.
Firstly on the trade front, 28 demands were raised by the US as far as trade issues are concerned on which India was willing to take 25 issues forwards on chemicals, agri products, and motorcycles. India was willing to engage with the US on their demand on bringing down tariffs.
However, on three issues India has put its foot down. Firstly, dairy sector because the feed that are used by the farmers in the US in the dairy sector will have religious sensitivities in India and hence India wanted some amount of assurance from the US regarding this.
Can dairy products for India be segregated, can they be different? The feed for those cows which will be basically be used to produce milk for dairy products meant for India but there was no commitment from the US on that front and hence that did not work out.
Secondly, India is still preparing a policy regime on both personal data protection as well as on aggregate data so it was not willing to engage on that.
Coming to the issues related to commercial dialogues. There is India-US CEOs forum, which usually meets during such high profile visits. This forum consists of A-listers of both India Inc and the US corporates. This time around that meeting of US-India CEOs forum is unlikely to happen.
The commercial and the trade agenda as of now looks subdued.