The two groups also recommended that the US consider exempting India from its extra steel and aluminum tariffs, and also extending a waiver from its sanctions for buying oil from Iran and Venezuela.

India and the US need to undertake a study to assess the feasibility of a free trade agreement (FTA) and undertake a cost-benefit analysis, a report by Confederation of Indian Industry (CII) and the US India Business Council (USIBC) suggested on Tuesday, when leaders of the two nations held talks here and agreed to work towards a ‘tremendous trade deal’.

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Source: Financial Express