U.S.-India Trade Talks Focus on E-commerce Market Access Issues
April 22, according to the Financial Times, the United States and India are engaged in trade negotiations, with e-commerce market access becoming a key issue. The U.S. hopes that Amazon and Walmart's Flipkart can gain market access equal to that of local Indian companies. Currently, foreign e-commerce platforms in India can only operate as third-party sales platforms, while local companies like Reliance Group can produce and sell their own products. U.S. Vice President Vance recently met with Prime Minister Modi, and both sides indicated progress in trade agreement negotiations.
Previously, the United States paused its plan to impose a 26% tariff on Indian export goods for 90 days to allow for further negotiations. The Indian e-commerce market is valued at approximately $125 billion, and both the U.S. and India have expressed a desire to increase bilateral trade to $500 billion.
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