USTR says moving to terminate India trade retaliation after tax agreement

Washington and New Delhi agreed on a global tax deal transition arrangement

exports
Reuters WASHINGTON
1 min read Last Updated : Nov 24 2021 | 11:03 PM IST

WASHINGTON (Reuters) - The U.S. Trade Representative's office said on Wednesday that it is moving to terminate its trade retaliation case against India after Washington and New Delhi agreed on a global tax deal transition arrangement that will withdraw India's digital services tax.

USTR said the agreement between the U.S. Treasury and India's Finance Ministry applies the same terms agreed with Austria, Britain, France, Italy, Spain and Turkey, but with a slightly later implementation date.

 

(Reporting by David Lawder)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :United States TradeIndia trade policyindian government

First Published: Nov 24 2021 | 11:03 PM IST

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