US to seek tariff cuts, regulatory reforms in trade deal: Think tank

US President Donald Trump (L) with PM Narendra Modi. File pic

The US is expected to push for sweeping changes in India's policies, ranging from tariff reductions to regulatory overhauls, that could benefit American firms and exporters, under the proposed bilateral trade agreement with India, think tank GTRI said on Sunday.

In the agri sector, the Global Trade Research Initiative (GTRI) said, the US demands scaling back India's minimum price support programmes for crops like rice and wheat, removing restrictions on genetically modified (GM) imports, and lowering farm tariffs.

Similarly, on dairy, the US argues that India's GM-free feed certification and facility registration protocols effectively bar American dairy imports. Indian rules prohibit imports from animals fed with animal-derived feed, for example, butter from a cow-fed meat due to religious sensitivities.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever