USTR talks: India must focus on industrial goods tariffs, says GTRI

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USTR talks: India must focus on industrial goods tariffs, says GTRI - Business Standard

Quick Summary:

FTAA is a special power that the US Congress gives to the President to help speed up and simplify trade negotiations with other countries.

That apart, talks about easing regulations for US giants like Tesla, Starlink, Amazon, and American pharma firms raise serious concerns around national security, intellectual property rights (IPR), and the long-term impact on Indian businesses.

However, the US currently lacks FTAA.“In addition, the US uses a one-sided certification process, pressuring the partner countries after a trade deal is signed.