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The virtual meeting comes amid some disquiet in Washington over India's position on the Ukraine crisis as well as its decision to procure discounted Russian oil.
It will be Blinken's first India visit as President Joe Biden's secretary of state and he will meet on Wednesday with Prime Minister Narendra Modi and Foreign Minister Subrahmanyam Jaishankar.
The United States remains India's largest and most important trading partner, with total bilateral trade increasing to USD146 billion in 2019.
The US has said it welcomes steps that would improve the efficiency of India's markets and attract greater private sector investment.
The GSP is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries.
New Delhi: Indian equity markets could come under pressure over the fresh tension between the US and India over trade as India retaliated with tariffs on 29 American products. This decision followed the US ending India's $5.6 billion trade concessions under the Generalised System of Preferences
The government decided to impose these duties in retaliation to the US decision of significantly hiking customs duties on certain steel and aluminium products.
The US has said with effect from June 5, it will withdraw incentives to Indian exporters provided under its Generalized System of Preferences programme.
Trump's remarks could further worsen a trade row that has led to tit-for-tat tariffs from India and the United States and created an unease over the depth of their security alliance.
The US has been trying to enhance military ties with India, which is seen as an effort to counter-balance China's growing military assertiveness in the region.
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