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India nears U.S. interim trade deal, rejects rice dumping claims, and boosts Russia trade.
India is close to finalizing an interim trade deal with the U.S. to reduce tariffs, following six rounds of talks and a recent call between leaders.
New U.S. claims of Indian rice dumping were rejected, with Indian officials stressing that over 80% of rice exports to the U.S. are premium basmati, not cheap surplus, and noting existing 50% tariffs make new duties unlikely.
India has made its "best-ever offers" on trade, though U.S. restrictions on row crops remain a concern.
The country is also boosting exports to Russia, aiming for $100 billion in trade by 2030.
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India se acerca al acuerdo comercial interino de EE.UU., rechaza las reclamaciones de dumping de arroz y aumenta el comercio con Rusia.