The Indian government is keen to strike a trade deal with the U.S. under the incoming Biden administration. President-elect Biden’s aim to build relations with allies in the Indo-Pacific region is one reason to expect a deal. However, a deal won’t necessarily come soon or potentially at all. The Modi administration has been keen to maintain “Make in India” tariffs while Biden is committed to including labour and environmental commitments in new trade deals. From a technical perspective renewal of fast-track authority in the U.S. may not occur and be a stumbling block. Trade between the t...
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