India and the US are set to seal a trade deal during the President, Mr. Donald Trump’s planned visit to India in the last week of this month, sources said.
Trade officials of India and the US are giving final touches to the deal expected to cover specific sectors, they said. Mr. Trump is set to visit India on a two-day trip between February 23 and 26 and both sides are in the process of fine-tuning his schedule.
The main segment of the visit will take place in the Capital, though an option of having a short visit by Mr. Trump to another city is being explored. The cities being considered include Agra and Ahmedabad.
A high-level logistics team from Washington handling Mr. Trump’s foreign trips visited India last week as part of preparations for his maiden tour of India as the US President.
'The trade deal and a pact on further enhancing defence cooperation are likely to be sealed during the visit by the US President,' said a source.
India is seeking exemption from high duties imposed by the US on certain steel and aluminium products as well as resumption of benefits on tariff on certain products under their Generalised System of Preferences.
India is also pressing the US to facilitate greater market access for its products in the US in sectors such as agriculture, automobile, auto components and engineering.
On the other hand, the US wants greater market access for its farm and manufacturing products, dairy items and medical devices in India.