‘India-US FTA talks hinge on opening of agri sector’

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The US on Wednesday said prospects of a free trade agreement (FTA) with India are “too pre-mature” as it depends on the opening of market for agricultural products, though progress has been made in manufacturing and services.

“You can see some progress in manufacturing and services. But the true FTA would have to include agriculture. I think it is too pre-mature (to include agriculture),” US ambassador to India David Mulford said here. He was talking to reporters, after the US Ex-Im Bank signed an agreement with Punjab National Bank and other financial institutions for extending $2.2 billion credit line for providing loans to Indian companies for US imports.