India and the US today agreed to set up a working group on trade policy as part of the efforts to bring a thaw in the trade relations between the two countries, ahead of the World Trade Organisation ministerial meet at Doha.
In addition, the US went half-way on a long standing Indian demand by restoring duty free imports of 42 items in the product categories of jewellery, leather and carpets.
More items would be included in the duty-free import list after India amends its patent laws, say senior commerce ministry officials.
Also Read
At the same time, the US included a veiled threat, when officials maintained that failure to clinch a new round of trade negotiations at Doha would be to the detriment of developing countries.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
