India hopeful of resuming trade talks with US soon; tariffs need to be addressed: Official

NEW DELHI, (PTI):- India is hopeful of resuming negotiations on the proposed bilateral trade agreement (BTA) with the US soon and addressing the issue of high tariffs imposed by Washington on Indian goods will be key to striking the deal, a government official said on Thursday.

However, the official said the new dates for the next round of negotiations for the agreement have not yet been finalised.

“We are hopeful to get back on the table soon… whenever we strike a deal, both the tariffs (additional 25 per cent and 25 per cent on purchase of Russian oil) need to be addressed,” the official said.