18.1 C
Friday, December 8, 2023

US, India agree to resolve last outstanding WTO dispute


Share post:


New Delhi: United States Trade Representative Katherine Tai on Friday announced that India and the United States have agreed to resolve their last outstanding dispute at World Trade Organization (WTO).

The announcement came as President Biden met with Prime Minister Narendra Modi for the G20 Leaders’ Summit in New Delhi.

“Today’s agreement resolves the remaining long-standing dispute and opens a new chapter of bilateral cooperation that will deepen the trade relationship between the United States and India,” said the Office of the United States Trade Representative (USTR) in a statement.

As part of the agreement, India also agreed to reduce tariffs on certain US products including frozen turkey and duck, fresh blueberries and cranberries, frozen blueberries and cranberries, dried blueberries and cranberries, and processed blueberries and cranberries. The tariff cuts will expand economic opportunities for the US in a critical market and help bring more US products to customers in India, the USTR said in a statement.

In June, both the countries agreed to terminate six outstanding disputes at WTO. India also agreed to reduce tariffs on certain US products including chickpeas, lentils, almonds, walnuts, apples, boric acid, and diagnostic reagents, the statement said.


Please enter your comment!
Please enter your name here

Related articles

‘Serious misdemeanours call for severe punishment’, says Ethics Committee report as TMC MP Mahua Moitra stands expelled from LS

On Friday, December 8, TMC MP Mahua Moitra was expelled from the Lok Sabha, in the ‘cash-for-query’ case....

RBI keeps repo rate unchanged at 6.5 pc, raises FY24 GDP growth forecast to 7 pc

Mumbai: As widely expected by markets and policy-watchers, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC)...

Centre should withdraw ban on ethanol production- Raju Shetty

Kolhapur: Swabhimani Shetkari Sanghatana (SSS) National president and former MP Raju Shetty on Friday demanded to withdraw the...

Spain defeats India 4-1 at FIH Hockey Junior World Cup

Kuala Lumpur: The Indian Junior Men’s Hockey Team went down 4-1 to Spain in their second match of...