India, US to hold extensive talks to address trade issues
India is expected to send an official team to the US to work out the details and initiate a comprehensive negotiation on all issues concerning trade and economic relationship between the two countries
Washington: India and the US have agreed to hold official-level comprehensive talks to address trade and economic issues, days after President Donald Trump accused New Delhi of charging 100% tariff on some of the US’ goods.
The decision in this regard was taken during a series of meetings visiting commerce and industry minister Suresh Prabhu had with US commerce secretary Wilbur Ross and US trade representative Robert Lighthizer.
“We will now work together to expand (bilateral) trade,” Prabhu told a group of Indian reporters here on Tuesday at the conclusion of his two-day trip to the US.
India will send an official team to work out the details and initiate a comprehensive negotiation on all issues concerning trade and economic relationship between the two countries. “The team will come within the next few days,” Prabhu said.
Acknowledging that both sides have trade and tariff issues with each other, the minister said officials would hold talks on all of them.
US President Trump, in a press conference at the G7 summit, took a swipe at India along with the world’s other top economies and accused New Delhi of charging 100 per cent tariff on some of the US’ goods, as he threatened to cut trade ties with countries who are robbing America.
Indian Ambassador to the US Navtej Singh Sarna said New Delhi has written to the US on steel and aluminum tariff. A full-fledged case has been made by India for waiver of steel and aluminum tariffs, he added.
- Arun Jaitley hints at a farm relief package in Interim Budget 2019
- DGCA imposes restrictions on IndiGo, GoAir in operating P&W engines-powered A320 neo planes
- BJP reaches out to North-East allies to allay fears on citizenship bill
- Finalize names for Lokpal by February end: Supreme Court
- 700,000 treated under Ayushman Bharat: PM
Editor's Picks »
- What to expect from Q3 results of IndiGo, SpiceJet, Jet Airways
- Forget privatisation, govt has hugged its banks tighter
- Flat profit, rising debt are growing worries for Reliance
- Q3 results: HUL growth off a high base shows it’s on a roll
- DCB Bank Q3 results: Small loans give big pain as farm, mortgages lift delinquencies