India Pushes for Equal Tech Access in US Trade Deal

IO_AdminUncategorized2 months ago48 Views

speedy Summary

  • India is likely too request teh US to ease export controls and provide access to critical technologies under a proposed bilateral trade agreement (BTA).
  • Critical sectors include telecom equipment, biotechnology, artificial intelligence (AI), pharmaceuticals, quantum computing, and semiconductors.
  • India will also seek duty concessions for labor-intensive sectors such as textiles, gems and jewelry, leather goods, garments, plastics, chemicals, shrimp farming products, oil seeds, grapes, and bananas.
  • In contrast, the US is requesting duty concessions in areas such as industrial goods (including electric vehicles), wines and petrochemical products; agricultural items like apples and tree nuts; dairy; and certain other items.

!India may seek parity on tech access in trade pact with US

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Indian Opinion Analysis
India’s proposal to seek parity on technology access reflects its ambitions in emerging domains like AI and quantum computing while addressing critical gaps in infrastructure for semiconductors-a key strategic area globally. Broadening high-tech collaboration coudl strengthen India’s competencies as it competes internationally. Similarly seeking duty reductions for labor-intensive exports aligns with India’s focus on job creation while allowing businesses within struggling sectors a chance at competitive pricing abroad.Simultaneously occurring US interests emphasize diversifying imports by lowering tariffs-particularly targeting agriculture or EVs-illustrating its broader economic aims around climate-friendly vehicles or boosting farm exports. Successful negotiations may depend heavily upon mutual accommodation of priorities where geopolitical trust alongside respect for market leveraging plays amid complex asymmetries around income disparity/develop-development base enhancing ყ

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