The United States and India agreed today to resolve their latest outstanding dispute at the World Trade Organization (WTO), as the presidents of both countries meet on the eve of the G20 summit in New Delhi.
The agreement, regarding the import of American agricultural products into India, occurred while Indian Prime Minister Narendra Modi received US President Joe Biden in New Delhi today, the AFP news agency reported.
“Today’s agreement resolves a long-standing dispute and opens a new chapter of bilateral cooperation that will deepen the trade relationship between the United States and India,” the office of the United States Trade Representative (USTR) said.
The conflict involved poultry and, in particular, India’s restrictions on the import of certain American agricultural products over concerns about bird flu.
As part of the deal, India agreed to reduce tariffs on some products such as frozen turkey and duck, as well as fresh blueberries and cranberries.
The tariff cuts will boost economic opportunities for U.S. producers in a “critical market,” the USTR said in a statement.
In June, both countries agreed to end six disputes at the WTO, with India agreeing to reduce tariffs on products such as chickpeas and lentils.
Biden and other G20 leaders arrived in New Delhi this Friday to attend a summit this weekend in which India seeks to facilitate a dialogue on Ukraine and climate change, despite the absence of Vladimir Putin and Xi Jinping.
Latin America will be represented by Brazilian President Luiz Inácio Lula da Silva, whose country will assume the presidency of the bloc after India, and Argentine Alberto Fernández, who is already in New Delhi.
Source: Ambito
