New Delhi: India and the US will soon announce a “limited” trade package that will ease the entry of American agricultural goods, information and communications technology (ICT) products and medical devices into the Indian markets, ThePrint has learnt.
The trade package will be announced during Prime Minister Narendra Modi’s week-long visit to the US, which begins from 22 September. Modi and US President Donald Trump are expected to jointly announce the package, according to sources.
The final contours of the package were finalised during a telephonic conversation between Union Commerce and Industry Minister Piyush Goyal and US Trade Representative Robert Lighthizer Friday, the sources said.
Source: The Print
The US is not just “frustrated” with New Delhi on troubled defence ties, but it is also planning sanctions on India under CAATSA (Countering American Adversaries Through Sanctions Act) legislation, a top American government official told ThePrint.
“Not just Turkey, the Trump administration is closely monitoring India also. India’s decision to purchase the S-400 system and its recent plans for more defence purchases from Moscow has become a serious cause of concern…India is now being considered for sanctions under the CAATSA legislation,” said the official who did not wish to be named.