India may withdraw the notification
imposing extra duties on 29 US products, to be enforced from August 4, if both
the sides are able to sort out the differences over tariffs, official sources
India is pressing for exemption from
high duty imposed by the US on certain Steel and Aluminium products, resumption
of export benefits to certain domestic products under their Generalised System
of Preferences (GSP), greater market access for its products from sectors,
including Agriculture, automobile, auto components and engineering.
As many as 3,500 Indian products from sectors
such as chemicals and engineering get duty free access to the US market under
the GSP, introduced in 1976. On the other hand, the US is demanding greater
market access for its agri and manufacturing products.
These issues were discussed during the three-day
meeting between senior officials of both the countries. It has been decided
that another official level meeting will be held next month in the US.
A delegation will visit anytime after the mid of
next month to finalise the final list of identified products on which a certain
kind of announcement would be made by political leaders of both the sides.