India & US return to negotiating table after Trump’s penal tariffs: Will a trade deal finally take shape?
Rajesh Agrawal, the special secretary of the Ministry of Commerce, said that a delegation of US trade officials visited the new Delhi on Tuesday. It will be directed by Brendan Lynch, the US Trade Representative of South and Central Asia.
“We will have negotiations tomorrow to see what the future of trade negotiations will be,” he said. The meeting will only look at the action process to be discussed on trade issues and will not have the next meeting on the proposed bilateral trade agreement (BTA).
The movement follows Trump’s adoption of a more conciliatory tone in statements last week and expressing optimism in concluding the trade agreement.
The US trade team was planned to visit India on 25-29 August for the sixth negotiations in the BTA, but 25% of Washington was postponed for applying 50% tariffs, which are penalty to buy oil from Russia. Both sides have held virtual meetings weekly since then.
The meeting, which lasted all day long, will be the pioneer of the next official negotiation tour depending on the results of the discussions. “This is not an official ‘tour’ of negotiations, but there will be a discussion about trade talks and will try to see how we can reach an agreement between India and the United States, Ağ said Agrawal, the discussions he made in India’s discussions, his discussions, his discussions, his discussions, the discussions he made. and therefore, the meeting on Tuesday, the talks should be seen as “continuation .. The Ministry of Commerce, published on Monday, showed that India’s exports to the United States fell from $ 8.01 billion to $ 6,86 billion in July.
Another government official said that the two sides were engaged in virtual, but the talks were not progressing because “the environment is not suitable”. The United States oppresses India to prevent Russian oil purchases, because it claims that it helps to finance the country’s war with Ukraine.
The US Ambassador to India, who was appointed to India, said last week to the Senate to meet Trump’s trade minister to meet with Jamieson Greer in Washington, Washington.
“As part of the Senate hearing, we stated that the Minister of Trade of India was invited, Ağ said Agrawal. “Tomorrow, we will have discussions on this issue … Only issues related to trade will be discussed, non -trade issues will not be discussed.”
Lynch was previously the Indian director of Ustr and worked in the agency’s Agricultural Affairs Office. Sunil Barthwal, Trade Secretary Sunil Barthwal, “Diplomatic level and trade negotiators and ministers (India and the United States) had discussions,” he said. “On the trade front, a team of US commercial negotiators will come to India for discussions. More action courses will be discussed, but in general, both countries have a positive mind framework about trade problems.”
Change in Trump’s stance
Recently, there has been a stance change that Trump and India and the United States have continued negotiations to address trade barriers between them.
Orum I am looking forward to talking to Prime Minister Modi in the coming weeks.
Prime Minister Narendra Modi said that teams from both countries are trying to conclude these discussions earlier.
Last week, Trump called on EU officials to consider giving up to 100% tariff in China and India.
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