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GTRI warns India against a US trade deal that could be as imbalanced as the US-Indonesia agreement.
The Global Trade Research Initiative (GTRI) has cautioned India against entering into an imbalanced trade deal similar to the recent US-Indonesia agreement, which heavily favors the US.
Indonesia agreed to eliminate 99% of its tariffs on US goods, opening its market widely to American products, while the US will impose a 19% tariff on Indonesian goods.
GTRI advises India to avoid such one-sided agreements during its trade negotiations with the US, emphasizing the need for fair and reciprocal concessions that align with India's development needs.
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GTRI advierte a la India contra un acuerdo comercial estadounidense que podría ser tan desequilibrado como el acuerdo entre Estados Unidos e Indonesia.