India and US Advance Trade Deal Negotiations
Officials discussed trade facilitation and customs issues during recent meetings in India.
United States representatives visited India earlier this month to address the first phase of a bilateral trade agreement. The dialogue focused on simplifying customs processes and establishing facilitation measures for the flow of goods between the two nations.
An Indian government official confirmed the continuation of talks in a statement made on Tuesday. The negotiations take place during a period of political transition in the United States following the midterm elections.
The Republican Party faced significant defeats in the election held on November 3. The American political landscape shifted as President Donald Trump's party lost control of both houses of Congress.
Democrats expanded their presence in the House of Representatives and won key seats in the Senate. Conservative-leaning states such as Texas and Kansas saw opposition victories during the electoral process.
Closer trade ties between major global economies could alter capital flows and the appetite for risk assets while influencing the volatility of the dollar against emerging market currencies.
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