India’s FTA Stalemate: US Treasury Chief Blasts “Slow-Rolling” Tactics
US Treasury Secretary Scott Bessent has publicly criticised India’s approach to ongoing Free Trade Agreement (FTA) negotiations. Bessent expressed his frustration, stating that the US trade team has encountered significant delays and roadblocks.
He specifically accused India of “slow-rolling things,” highlighting the perceived lack of progress in the talks. This direct criticism marks a significant escalation in the rhetoric surrounding the FTA negotiations.
The statement comes at a crucial juncture, with both nations facing pressure to finalise a deal beneficial to their respective economies. The US has repeatedly voiced concerns over market access and trade barriers.
This public rebuke raises serious questions about the future of the FTA negotiations and could potentially impact the broader bilateral relationship between the two nations. The implications for Indian businesses and consumers remain a key concern. The coming weeks will be crucial in determining whether the impasse can be resolved.
