India-US trade negotiations still a challenge: Moody’s Investors Service

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New Delhi: US-India trade negotiations will continue to be challenging and are likely to get delayed due to the Covid-19 pandemic, said Moody’s Investors Service.

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The two sides have been trying to thrash out a trade package with limited scope with the long-term aim of a free trade agreement (FTA) since last year, amid a plethora of unresolved trade issues.

Delay will be seen in other global trade negotiations as well, including phase two of the US-China agreement, European Union trade talks with the US and Britain, Regional Comprehensive Economic Partnership (RCEP) in Asia and African Continental Free Trade Area (AfCFTA) trade talks.

SOURCE: The Economic times

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