MoS Commerce in Rajya Sabha: India continues to engage with the US to achieve enhancement and broadening of bilateral trade ties

A writer.

Surh

As the three-day negotiations on India and the United States continue, the Minister of Trade and Industry Jitin Prasada continues that the Indian government continues to improve and expand bilateral trade relations.

According to the unexpected question on Friday, he said that the impact of additional steel and aluminum imports from the United States is still evaluated.

“The impact of these responsibilities that improve additional responsibilities are closely assessed because there are no exceptions compared to the privileges of certain major countries in this field,” he said.

Prasad also noted that the joint statement on February 13, 2010, which is followed by the US visit of Prime Minister Naryilla Modi, reaffirmed both the countries, reaffirming their commitment to $ 500 billion.

“Both countries have pledged to negotiate a mutually beneficial, multilateral bilateral trade agreement, under which countries will focus on increasing the market access, tariff and non-tariff barriers, to solve the supply chain and the solution of bilateral issues.”

On Friday, India and the United States continued discussions on the outlines of the bilateral trade agreement, and the pararchs are expected to continue until late in the evening. In front of the US reciprocal tariffs since April 2, India wants to finalize the outlines of the Trade Agreement and is ready to cut the responsibilities of several points such as cars and pistachios. However, the United States is understood that it is more available for its agricultural products.

Sources have shown that the purpose of negotiations is to discuss tariffs and wide areas, where they may be reduced to the final order of the final credit agreement in the coming months. “Currently, trade talks would be finally impossible. Both countries will have to enter their respective stakeholders to take the offered line, “said the person familiar with the development.

They mentioned that in recent months, India has already shown that it is ready to reduce tariffs and cut tariffs in the budget and later.

Currently, there has been no official statement from India and the United States. However, on Thursday, the Minister of Trade and Industry Piush Gual said that the continued trade negotiations with the United States are positive and “are going well.”

A group of US officials, US Secondary and Central Asian Assistant Brentan Lynch, along with the US government’s team, visits India on March 25-29.

The Barclays report estimated that about $ 22 billion in India’s exports or 30% of the US exports and 5% of the total exports of the total. “Taking into account nearby commercial ties, we expect India to accept a reconciliation on tariffs, as well as some tariff obstacles,” said ABKLA GUDVANI.