India’s reduction in tariffs is viewed as a normal step in trade relations, reflected in past agreements with countries like Australia and the UAE. Ongoing negotiations with the EU and the UK further illustrate this trend. Discussions with the US are part of India’s broader trade strategy.
India’s recent decision to reduce tariffs is considered by government officials as part of a normal pattern of trade negotiations, rather than an exceptional measure. According to a government source, this move aligns with previous agreements forged with other developed nations.
India has successfully negotiated similar tariff reductions with countries such as Australia, the United Arab Emirates, Switzerland, and Norway. Furthermore, discussions are currently in progress with the European Union and the United Kingdom, showcasing India’s commitment to expanding its trade partnerships.
In this context, ongoing negotiations with the United States should be understood as part of India’s broader trade strategy and not viewed in isolation. The continuous engagement in tariff discussions reflects India’s proactive approach in fostering international trade relations.
In conclusion, India’s tariff reduction is positioned within a series of prior agreements with developed countries, asserting that this decision is not unprecedented. The ongoing negotiations with the United States and other international partners demonstrate India’s intent to enhance trade relations globally. This strategic initiative highlights a consistent endeavor to engage constructively with the global community.
Original Source: www.livemint.com
