Under the planned bilateral trade agreement (BTA), India is expected to request that the US relax export restrictions and provide it with access to vital technology comparable to those of important American allies like Australia, the UK, and Japan, according to sources.
They went on to say that India may look for these easings for industries including semiconductors, biotechnology, artificial intelligence (AI), medicines, telecom equipment, and quantum computing.
In the proposed agreement with America, the nation is also requesting tariff exemptions for labor-intensive industries such as textiles, jewelry and gems, leather goods, clothing, plastics, chemicals, shrimp, oil seeds, grapes, and bananas. However, they stated that the United States is seeking tariff concessions in industries such as certain industrial goods, cars (especially electric ones), wines, petrochemical products, dairy products, and agricultural products including apples and tree nuts.
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