Experts call for faster India-US trade talks to unlock market potential

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Experts call for faster India-US trade talks to unlock market potential - Business Standard

Quick Summary:

India should accelerate discussions for the proposed bilateral trade agreement with the US as the deal could help secure preferential market access, improve investor protections, and encourage technology partnerships between the two countries, experts said on Monday.

Mutual Recognition Agreements (MRAs) for standards and testing protocols could be a strategic step forward in reducing regulatory friction and improving market access in these sensitive sectors, they added.

They also said that the pact is critical for India to address long-standing non-tariff barriers in sectors like chemicals, telecom equipment, and medical devices, which were explicitly flagged in the US tariff statement.