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India-US Trade: The statement of the Commerce and Industry Minister has come out regarding bilateral trade talks between India and America. He said that talks between the two countries are going on in a very cordial atmosphere.
India-US Trade : Talks are going on between America and India regarding trade, but till now it has not been told in detail about which sectors an agreement can be reached. Besides, positive and negative reactions have also started coming from the common people. Meanwhile, Commerce and Industry Minister Piyush Goyal said on Saturday that the talks on bilateral trade agreement between India and the US are progressing in a cordial atmosphere and New Delhi is putting forward its stand strongly to protect the interests of farmers, fishermen and MSME sectors.
US is demanding to open the way in agriculture sector
While talking to the media, Piyush Goyal said that no agreement can be reached unless we fully protect the interests of India’s farmers, fishermen and people working in MSME sectors. He said that the progress of negotiations between the two countries on the proposed agreement is progressing very fast. This comment of the Commerce and Industry Minister is being considered very important because America is constantly trying to open the way for India’s agricultural products. The Indian official team led by Commerce Secretary Rajesh Agarwal was in Washington this week to hold trade talks with their US counterparts. The three-day talks ended on 17 October. The team is now returning from America.
Many issues have been resolved
Regarding bilateral talks, an official said that during this visit the talks between the two sides were positive and many issues had been resolved in the earlier rounds of talks also. In February this year, the leaders of India and the US had directed officials to discuss a proposed bilateral trade agreement. He has set a deadline to complete the first phase of the agreement by the autumn of 2025. So far, five rounds of talks have been completed between the two countries. Last month, Goyal led an official delegation to New York for trade talks. Let us tell you that the Trump administration announced to impose 50 percent tariff on India, after which the relations between the two countries are under serious tension. At the same time, India has called the tariff unfair and imprudent.
India called 50 percent tariff unfair
Meanwhile, the recent phone conversation between Prime Minister Narendra Modi and US President Donald Trump has raised hopes for a positive outcome from the ongoing talks for a trade agreement. After a brief hiatus, Assistant US Trade Representative for South and Central Asia Brendan Lynch held talks with Indian officials in New Delhi on September 16.
