Page 2 - Indo-us Relationship

India-US trade deal must address more on non-tariff barriers: SIA CEO

While tariff is important, the bilateral trade agreement between India and the US should focus more on non-tariff barriers, a top official of Semiconductor Industry Association said on Friday. India can have a higher share in the USD 600 billion semiconductor market if it plays the cards right, Semiconductor Industry Association (SIA) President and CEO John Neuffer said during a panel discussion at Global Technology Summit organised by Carnegie India. "As we think about our bilateral future and our cooperation within the BTA (bilateral trade agreement), we shouldn't over-index on the tariff piece of it. There's no doubt about it, that's really important, but more emphasis needs to be given to the non-tariff barriers. That's been talked about in Washington quite a bit. There's customs problems, there's siting regulations that need to be streamlined," Neuffer said. India and the US are holding discussions for a bilateral trade agreement (BTA) to rationalise import taxes in the ...

India, US seek to expedite bilateral trade agreement talks to boost trade

Both India and the US want to expedite the negotiations for the proposed bilateral trade agreement (BTA) as the two countries are looking at promoting two-way commerce, an official statement said on Thursday. Both the countries have decided to hold sector-specific talks from this month to finalise the structure of the agreement. The keenness to expedite the talks came in the backdrop of the USA's decision to impose additional 27 per cent import duty on Indian goods from April 9 this year. "Discussions are ongoing between Indian and US trade teams for the expeditious conclusion of a mutually beneficial, multi-sectoral BTA...We remain in touch with the Trump administration on these issues and expect to take them forward in the coming days," the commerce ministry said. Through the agreement, the two countries are looking to increase market access for their goods, cut tariff and non-tariff barriers and deepen supply chain integration. A team of US officials, headed by Assistant US Tra

India, US to wrap up early stages of trade pact talks on Saturday: Sources

India and the visiting US officials have decided to hold a wrap-up session on Saturday morning to conclude the three-day talks on the proposed bilateral trade agreement, government sources said. They said the discussions are at a "very" early stage. A team of US officials, headed by Assistant US Trade Representative for South and Central Asia Brendan Lynch, is here for negotiations on the proposed agreement. "Early stage of discussions are going on," one of the sources said, adding that nothing has been finalised so far. Commerce and Industry Minister Piyush Goyal on Thursday said the ongoing talks between India and the US for the proposed pact are progressing "well" and will be for the "good" of both nations while protecting India's interests. The official level deliberations assume significance as US President Donald Trump has announced imposing reciprocal tariffs on April 2 on America's key trading partners, including India. He has on multiple forums stated that India imposes

India, US to focus on mkt access, reducing tariff, non-tariff barriers: MoS

India and the US are planning to negotiate a trade agreement and both countries will focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as on date, reciprocal tariffs have not been imposed by the US on India. "Both countries plan to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. Both countries would focus on increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration," he said. The US issued Memorandum on Reciprocal Trade and Tariffs on February 13, wherein the Secretary of Commerce and United States Trade Representative are to take necessary actions to investigate harm to America from any non-reciprocal trade arrangements adopted by trading partners and provide a report with detailed proposed remedies fo

India should safeguard national interest while negotiating with US: SJM

India should enhance its foreign trade under bilateral trade agreements rather than multilateral deals and protect its national interest, especially that of the farmers and small entreprenuers, while negotiating with the US, the Swadeshi Jagran Manch (SJM) said on Monday. The SJM's national council passed a resolution in this regard at its meeting in Chhattisgarh, the RSS affiliate said in a statement. The two-day meeting held in Raipur, which deliberated on a host of issues, including strengthening India's economy amid a changing geopolitical scenario and the Donald Trump administration's policy of reciprocal tariffs, concluded on Monday. "After taking over as US president, Donald Trump has launched a frontal attack on the global free trade system by announcing his intent to impose higher tariffs (on reciprocal basis) on imports from many countries around the world," the resolution said. The move is intended to bring back manufacturing to the US so that the issue of unemployment

India should halt all talks with US, engage like other nations: GTRI

India should withdraw from all negotiations with the US and prepare to engage with the Trump administration in the same way as countries like China and Canada are doing, economic think tank GTRI said on Saturday. The Global Trade Research Initiative (GTRI) Founder, Ajay Srivastava said the US is exerting heavy pressure on India to accept trade demands that largely favour American interests. US President Donald Trump and his officials have criticized India mostly by using incorrect data, he said. "Trump is insulting India publicly using wrong data. No balanced outcome is possible in such circumstances. India should withdraw from all negotiations and prepare to deal with them like other countries are doing," Srivastava said. Against US tariffs, China and Canada have announced retaliatory measures. On Friday, Trump claimed that India had agreed to cut tariffs on American imports after his administration "exposed" what he called unfair trade practices. "This is patently incorrect and

Modi US Visit: Will stock markets bounce back after Modi-Trump meeting?

Modi US Visit: Market experts believe the current stock market crash largely prices-in any negative news on Trump's tariffs on India

India in talks with US to buy combat vehicles, seal jet engine deal

Modi is preparing additional tariff cuts ahead of his meeting with Trump that could boost American exports to India and avoid a potential trade war, government officials said

PM Modi's US visit to build on 'Global Comprehensive Strategic Partnership'

During the first Trump administration, the Indo-Pacific region gained significant attention as a key strategic area in US foreign policy

PM Modi set to pay 2-day visit to US beginning Feb 12 for talks with Trump

Prime Minister Narendra Modi is set to pay a two-day visit to the US beginning February 12 to hold wide-ranging talks with US President Donald Trump, people familiar with the matter said on Monday. As per the plan, Modi will travel to Washington DC after concluding his two-day visit to Paris, they said. It would be the prime minister's first bilateral visit to the US after Trump became president for a second term. Modi will be among a very handful of foreign leaders to travel to Washington DC on a bilateral visit within weeks after the Trump administration came to power for the second term.

India working with US for early extradition of Tahawwur Rana: MEA

India on Friday said it is working with American authorities for the early extradition of Tahawwur Rana, wanted by Indian probe agencies for his role in the 26/11 Mumbai terror attacks. The extradition of Rana, a Canadian national of Pakistani origin, was cleared by the US Supreme Court a few days ago as it rejected his review petition in the case. "The US Supreme Court on January 21 declined to hear a petition from the accused. We are now working with the US side on procedural issues for early extradition to India of the accused in the Mumbai terror attack," External Affairs Ministry spokesperson Randhir Jaiswal said. He was replying to a question at his weekly media briefing. Rana, currently lodged at a metropolitan detention centre in Los Angeles, is known to be associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 attacks. On November 26, 2008, a group of 10 Pakistani terrorists went into a rampage, carrying out a coordin

India, US working on PM Modi's early visit, dates being finalised: MEA

The two leaders emphasised their commitment to advance the US-India strategic partnership and the Indo-Pacific Quad partnership. They also discussed plans for PM Modi's visit to the White House

Indians abroad celebrate 76th Republic Day, world leaders extend greetings

An enthusiastic Indian diaspora dressed in vibrant traditional dresses on Sunday celebrated India's 76th Republic Day at the country's missions abroad where the national tri-colour was unfurled with global leaders from Nepal, Australia, Singapore, extending their greetings, highlighting their strong friendship with India. In Beijing, officials and diaspora members attended the flag unfurling ceremony on the premises of the Indian Embassy. India's Ambassador to China Pradeep Rawat read out the important parts of the President's speech. "Ambassador unfurled tri-colour at @EOIBeijing marking the #76thRepublicDay. He also read the Hon'ble President's Republic Day message to Embassy officials and members of the Indian community who attended the ceremony in large numbers. The event also included vibrant cultural performances," the Indian Embassy in China said in a post on X along with some pictures. In Sri Lanka, the island nations' Navy band performed Indian patriotic tunes in a ...

Looking for bolder, bigger and more ambitious relationship with US: India

India on Friday said it is looking for "bolder, bigger and a more ambitious" relationship with the US and indicated its readiness to work with the Trump administration to address issues like illegal immigration and trade. External Affairs Ministry spokesperson Randhir Jaiswal said India's approach has always been to address issues in a constructive manner in line with interests of both the countries. Like in many countries, there have been some concerns in India as well over the Trump administration's approach on immigration and tariff. President Trump has already talked about slapping "100 per cent tariffs" on the BRICS grouping, a bloc that includes India as well. We remain in close communication with the US administration and would like to continue to work towards strengthening our economic partnership further, Jaiswal said. India is focused on building "bolder, bigger and a more ambitious" relationship with the US, he added. Referring to India's ongoing dialogue with the US

India-US ties need shared values, not only be transactional: Richard Verma

Richard Verma, the highest-ranking Indian-American official in the State Department, has expressed optimism about the future of US-India ties and emphasised the need to base the relationship on shared values rather than mere transactional dealings. Verma, Deputy Secretary of State for Management and Resources, said he is not worried about the differences between the US and India as they make the relationship more dynamic. "What I don't want this to become, though, is a transactional relationship where we're just looking to sell things or you're looking to have us buy things, Verma told PTI in an interview on Friday, as he prepares to leave office. "That is not a deep, consequential relationship built on values. I think staying true to those principles is really...important, said Verma, who previously served as America's Ambassador to India, making him the first Indian American in that position. President Joe Biden will cede power to President-elect Donald Trump on Monday, marking .

India, US need to work with partners to build trusted innovation base: WH

India and US now more than ever need to work with their partners to build a trusted and resilient innovation base, the White House said following the meeting between its National Security Advisor Jake Sullivan and his Indian counterpart Ajit K Doval. Our two nations have taken significant steps forward together to integrate our technology and defense supply chains in recognition that, now more than ever, we need to work with our partners to build a trusted and resilient innovation base, the White House said in a fact sheet. Sullivan and Doval in 2022 were instrumental in launching the path-breaking US-India initiative on Critical and -Emerging Technology (iCET) at the direction of President Joe Biden and Prime Minister Narendra Modi. Sullivan travelled to India this week to meet Doval. He also had a meeting with External Affairs Minister S Jaishankar and called on Prime Minister Narendra Modi. During their capstone meeting, Sullivan and Doval underscored the vital importance of our

Trend of rising US-Indo ties expected to continue under Trump: Mike Hankey

About ties with India, Hankey said the number of Indian students going to the US has gone up since 2008

India-US ties strong: WH confident of navigating crisis over Adani charges

Asserting that the relationship between India and the US is built on a strong foundation, the White House has expressed confidence that it can navigate the ongoing crisis surrounding bribery charges against Indian billionaire Gautam Adani. At her daily news conference, White House Press Secretary Karine Jean-Pierre told reporters on Thursday that the administration is aware of the charges against Adani. Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Obviously we're aware of these allegations, and I would have to refer you to the SEC (Securities and Exchange Commission) and DOJ (Department of Justice) about the specifics of those allegations against the Adani Group, she said. What I will say is on the US and India relationship, we believe that it stands on an extremely strong foundation anchored in ties between our ..

Indian Ambassador Kwatra meets top US leaders to discuss bilateral ties

Kwatra met Congresswoman Deborah Ross, Congressmen Andy Barr and Rick McCormick as well as Indian-origin Congressmen Ami Bera, Ro Khanna, Shri Thanedar and Raja Krishnamoorthi

PM Modi, US President-elect Trump commit to boosting ties on call: MEA

Prime Minister Narendra Modi and US President-elect Donald Trump have "reaffirmed their commitment" to working together to further strengthen bilateral ties across a range of sectors, the MEA said on Thursday. In a statement on the phone conversation Modi had with Trump a day ago, the Ministry of External Affairs (MEA) said the prime minister highlighted that the US leader's "spectacular and resounding victory" in the election reflected the "deep trust" of the American people in his leadership and vision. Modi warmly congratulated him on his "re-election as the president of the United States of America as well as Republican Party's success in the Congressional elections", it said. "They reaffirmed their commitment to working together to further strengthen bilateral ties across technology, defence, energy, space and several other sectors," the statement said. PM Modi had on Wednesday night posted on X that he had a "great conversation" with his "friend" Trump. The MEA, in its ...