The US and India have agreed to end six disputes at the World Trade Organization, US authorities said.
Washington:
The United States and India have agreed to end six disputes at the World Trade Organization, US authorities said Thursday after a meeting between the countries’ leaders.
India also agreed to remove “retaliatory tariffs” on certain US products, such as chickpeas, lentils and almonds, the US Trade Representative’s Office (USTR) added in a statement.
The USTR announcement came during a visit by Indian Prime Minister Narendra Modi to the United States, and both countries have also struck big deals on jet fighter engines, semiconductor investments and space cooperation.
The tariffs imposed by India were in response to US measures on steel and aluminum, and the USTR statement said, “These tariff reductions will restore and expand market opportunities for US agricultural producers and manufacturers.”
“Today’s agreement represents the culmination of intensified bilateral engagement in the past two years,” said USTR Katherine Tai.
Of the six WTO disputes, three were initiated by the United States and the other three by India.
These are measures in the field of solar cells and modules, the renewable energy sector and measures in the field of steel and aluminum products, the statement said.
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