India, U.S. Eye Middle Ground on Trade Ahead of Modi-Trump Meet
- Modi to visit U.S. for a week-long trip beginning Sept. 21
- Market access to U.S. dairy, medical devices among key issues
Photographer: Luke Sharrett/Bloomberg
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India and the U.S. are working toward easing trade tensions, including a possible withdrawal of some disputes from the World Trade Organization, ahead of a meeting between leaders of the two economies, according to people familiar with the matter.
Giving market access to U.S. dairy products, premium pricing power for some innovative American medical devices and tax concessions on information technology are also among the so-called goodwill measures being considered by India, the people said. In return, the U.S. may possibly restore India’s preferential trade treatment terminated earlier this year, they said, asking not to be identified as the discussions are private.