India’s chief negotiator in commercial negotiations in India-United States said New Delhi is negotiating and finalizing an agreement with Washington. Rajesh Agarwal, Addressing the CII export logistics program in New Delhi, India also examines the Anase trade agreement.
India will now also enter Latin America and try to finalize agreements with Chile and Peru.
Agarwal added that the nature of the trade will now change and we must be aware of this. “We will not export what we export … The nature of the products we export, the nature of the goods we export will also change,” he said.
The negotiator said that exports to the fastest growth today are electronics and is one of the three main sectors of India. However, India also becomes a key agricultural exporter.
However, logistical challenges persist. He said India is now focusing on building logistics to allow better exports. “Our jammu and cashmere apples go to the world markets, but it needs a strong logistics of the cold chain,” he said.
Whenever there is a geopolitical problem, the cost of logistics increases, he said, adding that India undergoes high costs because of this.
Meanwhile, Business Today had previously pointed out that agriculture and dairy products had remained the main collision points of the commercial agreement proposed between India and the United States. Sources have said that the decision is now based with Washington DC to appeal to the agreement. A person familiar with development said that India did not want to open sensitive agriculture sectors, in particular dairy and genetically modified products. These are questions of national interest, and the means of subsistence of many Indians, in particular farmers, depend on it. The source added that the waiting game was underway, with an Indian company on the protection of its interests. Seal the agreement immediately could take time, but we hope that this will be done in the coming weeks before July 31.
