New Delhi: India is not in a hurry to ink a trade pact with the U.S. during the brief visit of the American President Donald J Trump here next week.
U S President Donald Trump earlier signalled that an India-US trade deal might not materialise during his visit to New Delhi, telling journalists in his country that he is “saving the big deal'' with India for later.
Mr Trump is visiting India on February 24 and 25. He will be accompanied by a high level delegation.
In response to the comments of the U.S. President, government sources here said on Wednesday that India is seeking a mutually beneficial deal which will be a “win-win'' one for both the countries.
“It is complicated, we are working on a big trade deal,'' the sources said, adding that both the sides have been engaging in trade negotiations in a more intensified manner. The sources said that discussions on the trade deal have been an ongoing process and the exchange has been taking place at a fairly high level.
The sources said that India's priority would be to restoration of the Generalized System of Preferences (GSP) which was withdrawn unilaterally by Washington last June.
Reacting to President Trump's remarks that India was a “high tariff'' country, the sources clarified that India's tariffs were not higher than other developing countries and Japan and Korea have higher tariffs.
