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12-09-2022, 10:23 AM
https://www.globaltimes.cn/page/202209/1275030.shtml
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Although there have been discussions for years that India and the US would enter into negotiations for a free trade agreement (FTA), the deal still remains a non-starter as of today. The US has been making harsh demands on market access for agricultural products, patent legislation and data protection rules that India cannot accept. On the other hand, India's appeal to seek facilitation for the export of goods such as cars, machinery and agricultural products to the US is also unlikely to receive a response.
Five years after the US withdrew from the Trans-Pacific Partnership (TPP), the Biden team came back to the Asia-Pacific region with the so-called IPEF. However, the framework seems more like a geopolitical tool to divide regional economic and trade cooperation. What's almost sure is that the US cannot woo India only with rhetoric.
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Although there have been discussions for years that India and the US would enter into negotiations for a free trade agreement (FTA), the deal still remains a non-starter as of today. The US has been making harsh demands on market access for agricultural products, patent legislation and data protection rules that India cannot accept. On the other hand, India's appeal to seek facilitation for the export of goods such as cars, machinery and agricultural products to the US is also unlikely to receive a response.
Five years after the US withdrew from the Trans-Pacific Partnership (TPP), the Biden team came back to the Asia-Pacific region with the so-called IPEF. However, the framework seems more like a geopolitical tool to divide regional economic and trade cooperation. What's almost sure is that the US cannot woo India only with rhetoric.
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