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India seeks new preferential treatment from US on drugs: reports

Jul 23, 2020 12:39 IST

India is seeking concessions for generic drugs it exports to the United States in return for opening its dairy markets and slashing tariffs on farm goods as the two sides seek to shore up a new trade deal, a Reuters report said. India accounts for 40% of US generic drug imports. To win preferential treatment on pharmaceutical exports, the Indian government has offered to open its dairy and farm markets to the Trump administration, months ahead of the US presidential election.

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