Friday, June 22, 2018
facebook

google plus
Business

Posted at: Jun 14, 2018, 1:36 AM; last updated: Jun 14, 2018, 1:36 AM (IST)

India, US to hold talks to iron out trade issues

India, US to hold talks to iron out trade issues
Suresh Prabhu. File photo

Washington, June 13

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.

President Trump, in a press conference in Canada’s Quebec City where he attended the G7 summit, took a swipe at India along with the world’s other top economies and accused New Delhi of charging 100% 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. “It has been a very positive engagement.” In addition to Ross and Lighthizer, Prabhu held talks with Agriculture Secretary Sonny Perdue. He also met two powerful Senators John Cornyn and Mark Warner — two co-chairs of the Senate India caucus. — PTI

Move to expand bilateral ties

  • The decision in this regard was taken during a series of meetings Commerce Minister Suresh Prabhu had with US Commerce Secretary Wilbur Ross and US Trade Representative Robert Lighthizer in Washington
  • Recently, US President Donald Trump had accused New Delhi of charging 100% tariff on some of the US’ goods
  • 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 

COMMENTS

All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.
Share On