36.4 C
Kuwait City
July 18, 2019
Gulflance
Home » India, US Discuss Broad Contours Of Bilateral Trade And Commercial Ties
NDTV

India, US Discuss Broad Contours Of Bilateral Trade And Commercial Ties

Donald Trump has repeatedly raised the issue of India putting high import duties on American products.

New Delhi: 

India and the United States on Friday held a detailed discussion on a range of trade issue with an aim to strengthen bilateral economic relations, the Ministry of Commerce and Industry said on Friday.

“Both sides discussed the broad contours of bilateral trade and commercial ties and agreed to continue their discussions for achieving mutually beneficial outcomes aimed at further growing the economic relationship and addressing mutual trade concerns,” a statement by the ministry read.

The US delegations headed by Assistant USTR for India Christopher Wilson reached New Delhi on Thursday for a meeting with senior officials of the Commerce and Industry Ministry.

This was the first engagement between the two sides on trade issues after Prime Minister Narendra Modi met with US President Donald Trump in Osaka on the sidelines of G20 Summit last month.

The statement added that the meeting was “aimed at providing a new impetus to bilateral trade and commercial ties, in line with the mandate” given by PM Modi and US President Trump during the bilateral at Osaka.

US President Trump has repeatedly raised the issue of India putting high import duties on American products. The trade tensions between the two nations escalated on June 5 when Washington rolled back the privileges that New Delhi was enjoying under their GSP or Generalised System of Preferences programme.

The GSP, implemented since 1974, is the largest and oldest US trade-preference scheme and it allows duty-free imports for thousands of products from designated beneficiary countries.

On its part, India had imposed retaliatory tariffs on 25 American goods, less than two weeks after the Trump administration announced an end to the preferential trade treatment for India.

India on Thursday said that it seeks very constructive and positive engagement with the US counterparts.

Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24×7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

Source link
Click here to read more news from @ndtv

Related posts

Samajwadi Party’s Neeraj Shekhar Quits Party, Rajya Sabha; May Join BJP, Say Sources

NDTV

Over 1.73 Lakh Perform Amarnath Yatra During Last 13 Days

NDTV

Organs Of Brain Dead Man Transplanted On Four Patients

NDTV

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please spend a minute

Gulflance Poll

Which is worst social media?
Vote Now
close-link
Sign-up for exclusive content. Be up to date with Gulflance
Subscribe
Subscribe
close-image

You're currently offline