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India, US 'thinking big', says Goyal, rules out mini trade deal or FTA

The Modi government and the Biden administration are "thinking big" in terms of their trade and commerce relationship, a top Indian official said Wednesday as he ruled out the previously talked about mini trade deal or a free trade agreement and noted that revoking of GSP is not a priority for New Delhi. The previous Trump administration has revoked the Generalized System of Preferences (GSP) from India. The GSP allows eligible developing countries to export duty-free goods to the US. It is during the previous administration as well that the two countries were on the verge of a mini trade deal, which has now been kicked out of the table. The Biden administration is also not in favour of a free trade agreement which businesses from either side are now talking about. "I think in terms of GSP, I have not heard any significant clamour from the Indian industry. To focus our energies on the GSP issue, I have raised it today with my counterparts," Union Commerce and Industry Minister Piyus

US Commerce Secretary Raimondo to visit India in March for trade talks

She will be accompanied by a very high-powered delegation of global CEOs of large multinational companies: Piyush Goyal

India-US Trade Policy Forum to boost bilateral trade and investment

The US is also the biggest FDI investor in India in terms of equity, as per the Reserve Bank of India's (RBI's) latest FDI data, with Rs 8.1 crore, accounting for 16.9 per cent share in 2022

Modest expectations from India-US Trade Policy Forum meeting: Experts

The crucial India-US Trade Policy Forum meeting here is unlikely to make much progress, given the sharp differences, but would hopefully ignite trade talks between the world's two largest democracies, according to eminent trade experts. Minister of Commerce and Industry Piyush Goyal, who is in the US on an official visit, held a series of meetings with the CEOs of investment and financial giants in New York on Monday. He will attend the 13th Trade Policy Forum (TPF) meeting being hosted by US Trade Representative Katherine Tai in Washington on January 11. Goyal will also hold a bilateral meeting with Tai. TPF is a platform for continuous engagement between the two countries in the area of trade and to further bilateral trade and investment relations. The 12th TPF Ministerial was held in New Delhi on November 23, last year after a gap of four years. There was no TPF in 2022. There will be some glossing over of serious bilateral trade problems, positive language on the architecture

India-US Trade Policy Forum to meet on January 11 in Washington

The India-US Trade Policy Forum (TPF), a forum to resolve trade and investment issues between the two countries, will hold a meeting in Washington on January 11, the commerce ministry said on Sunday. The TPF has five focus groups -- Agriculture, Investment, Innovation and Creativity (intellectual property rights), Services and Tariff and Non-Tariff Barriers. The meeting will be co-chaired by Commerce and Industry Minister Piyush Goyal and US Trade Representative Katherine Tai. Goyal will be on an official visit to New York and Washington DC from 9-11 January, the ministry said. The 12th TPF meeting was held on November 23, 2021, after a gap of four years here. "Working groups were re-activated after the last ministerial. TPF is a platform for continuous engagement between two countries in the area of trade and to further the trade and investment relations between the two countries. Both countries are looking forward to the meeting and confident of making progress on the trade issu

India-US relationship can define 21st century: Congressman Ro Khanna

The relationship between India and the United States can define the 21st century, Indian-American Congressman Ro Khanna said Monday, as a leading American daily in a long-form article articulated that the post-Ukrainian war world would see India's emergence. "The US-India relationship can define the 21st century," Ro Khanna said in a tweet Monday, referring to The New York Times article. Khanna said the prominent American daily writes beautifully about India's rising confidence and paradoxes. The article ends on a hopeful note that pluralism, etched by Mahatma Gandhi and Jawaharlal Nehru, are an indelible part of its palimpsest, the Congressman said. The daily quotes External Affairs Minister S Jaishankar as saying that a world order which is still very, very deeply Western, is being hurried out of existence by the impact of the war in Ukraine, to be replaced by a world of multi-alignment where countries will choose their own particular policies and preferences and interests. After

Chinese aggression another reason to boost ties with India: US lawmakers

The latest Chinese aggression against India is yet another reminder of strong India-US ties, top American lawmakers have said. China's most recent aggression in Arunachal Pradesh is yet another reminder of why a strong security partnership with India is crucial to the national security of the United States and our allies, India Caucus Co-Chairs said in a statement. This event marks yet another threat of the People's Republic of China (PRC) to the Indian territory, including China's premeditated aggression on the Line of Actual Control in 2020 which saw the death of approximately 20 Indian troops, the co-chairs said. As co-chairs of the India Caucus, we have worked for years to deepen the US-India bilateral relationship. The India Caucus built on this progress by including the Khanna-Sherman-Schweikert amendment in the House-passed FY23 NDAA, highlighting the immediate and serious regional border threats that India faces from China, said the statement. The co-chairs applauded the ..

Indo-US Trade Policy Forum meet likely to be held in early 2023

The India-US Trade Policy Forum (TPF) meet is expected to be held in the US early next year and both the countries are working on achieving a substantial agenda for the same, the commerce ministry said on Friday. The TPF is a premier forum to resolve trade and investment issues between India and the US. It has five focus groups -- Agriculture, Investment, Innovation and Creativity (intellectual property rights), Services, and Tariff and Non-Tariff Barriers. "13th ministerial TPF meeting is expected in early 2023 in the US and both sides are working on achieving a substantial agenda for the same," the ministry said. The meeting was deferred earlier in November due to local elections in both the countries. The last meeting of the TPF was held in November 2021 here after a gap of four years. In that meeting, it was decided to reconvene the TPF at the ministerial level before the end of 2022. In last year's meeting, India had asked for restoration of GSP (Generalised System of ...

US seeks strong defence ties with India; pumps billions to counter China

The USD 858 billion defence bill passed by the US Senate seeks to strengthen defence ties with India, including supporting efforts to reduce India's reliance on Russian-built military equipment and funds billions of dollars to take measures to address the challenges posed to America's national security by China. The National Defence Authorisation Act, known as the NDAA, was approved by the Senate with 83-11 votes on Thursday. The bill was passed by the House of Representatives with 350-80 votes on December 8. Now it heads to the White House for President Joe Biden to sign it into law. As passed by the House and the Senate, the NDAA seeks to strengthen US-India relations by directing the Departments of Defence and State to pursue greater engagement and expanded cooperation with India related to emerging technology, joint Research and development, defence and cyber capabilities, and other opportunities for collaboration including for reducing India's reliance on Russian-built defence

US counterterrorism official visiting India for working group meeting

The 19th meeting of the Joint Working Group will "review regional and global terrorist threat assessments, collaborative bilateral and regional counterterrorism programming

Top US trade body USIBC welcomes India as the new president of G20

India's G20 presidency will provide an international platform to highlight how the US-India economic partnership is shaping global economic growth, prosperity and resilience in the 21st century, a top American business body has said. India formally assumed the G20 Presidency on Thursday. Welcoming India as the new president of G20, the US India Business Council (USIBC) said it will engage with the governments of India and the United States to expand the partnership for global good. India's G20 Presidency will provide an international platform to highlight how the US-India economic partnership is shaping global economic growth, prosperity, and resilience in the 21st century, it said on Friday. Earlier in the day, US President Joe Biden said that India is a strong partner of the United States, and he looks forward to supporting my friend Prime Minister (Narendra) Modi during India's G20 presidency. Together we will advance sustainable and inclusive growth while tackling shared ...

Efforts underway to cut wait time for issuance of visa in India: US

The US is undertaking "tremendous efforts" to solve the problem of long wait time in issuance of visas in India, US Charge d'Affaires Ambassador Elizabeth Jones said on Friday, acknowledging that the situation in the country is particularly "bad" because of the high demand. The newly-appointed diplomat also said that the issue is on the "top of the mind" of Washington and efforts being initiated to cut the wait time for grant of visas included recruitment and training of visa counsellors. There have been growing concerns in India over the long waiting period for first time visa applicants, especially for those applying under B1 (business) and B2 (tourist) categories. At a media interaction, Jones said the problem of long wait time for visas was triggered by the coronavirus pandemic, adding the long backlogs were reported from various parts of the globe. "They are particularly bad in India because the demand for visas is so high. That's one of the big elements; it's one of the big .

India-US drills near LAC violate the spirit of Sino-India agreements: China

China on Wednesday said it was opposed to the joint Indo-US military exercises being held near the Line of Actual Control (LAC), asserting that it violates the spirit of the two border agreements signed between New Delhi and Beijing. The 18th edition of the India-US joint military exercise 'Yudh Abhyas' is currently underway in Uttarakhand, about 100 km from the Line of Actual Control (LAC). It aims to enhance interoperability and share expertise between both armies in peacekeeping and disaster relief operations. The nearly two-week exercise began earlier this month. The joint military exercise between India and the US close to the LAC at the China-India border violates the spirit of the agreement between China and India in 1993 and 1996, Chinese Foreign Ministry spokesman Zhao Lijian told a media briefing here. It does not serve the mutual trust between China and India, he said in response to a question posed by a correspondent from Pakistan. The Chinese Foreign Ministry's refer

India-US have a long association with tea, says Indian Ambassador

India and the United States have a long association with tea and the two democracies cherish their common love for the aromatic beverage, India's Ambassador to the US Taranjit Singh Sandhu has said. Speaking at an event dedicated to tea lovers organised at the Indian Embassy here on Tuesday, Sandhu spoke about the significance of tea for Indians and also about its linkage to the American Revolution. "India and the US have a long association with tea. After all, the Boston Tea Party, which sparked the American Revolution, was organised to protest colonial taxes on tea! Tea is also intricately linked to East India company, and our own freedom struggle, Sandhu said. To usher in the winter season, the Indian Embassy in association with Janam Tea, during the event presented an informative conversation about the exciting flavours and styles of Indian tea. The conversation was led by Amy Dubin-Nath of Janam Tea, which specialises in single-estate teas from India. "Today, we cherish our .

US industry associations red-flag India's 'restrictive' trade barriers

The Association raised concern over use of strict quality control orders during the pandemic that effectively limited imports of US-designed and manufactured products in various sectors

Together with India, US will work to bring justice: Blinken on 26/11

"As we mark 14 years since the horrific attacks of 26/11, we join people in India and around the world in mourning the lives lost," Blinken

Rajnath Singh holds bilateral meeting with US defence secretary in Cambodia

Defence Minister Rajnath Singh on Tuesday held a bilateral meeting with US Secretary of Defence Lloyd Austin in Cambodia as the two leaders discussed a wide range of issues of mutual interest while expressing their commitment to a strong India-US defence cooperation. Singh and Austin are in Cambodia to attend the 9th ASEAN Defence Ministers' Meeting (ADMM) Plus, the defence ministry here said in a statement. It said Singh and Austin met each other at Siem Reap with "great warmth" and "expressed satisfaction at the growing bilateral defence engagements". Singh was accompanied by Defence Secretary Giridhar Aramane and other senior officials of the Ministry of Defence, it said. Defence Minister Singh shared pictures of his meetings with Austin on Twitter. "Delighted to meet the US Secretary of Defence, Mr Lloyd J. Austin in Siem Reap. @SecDef," he wrote on the microblogging site. The two leaders discussed a "wide range of issues of mutual interest while expressing their commitment t

Committed to nomination of US envoy to India, ties important: White House

The United States continues to seek the expeditious confirmation of the Los Angeles Mayor, as the ambassador to India, following a long delay in the confirmation of his nomination.

2022 huge year in US-India ties, 2023 going to be even bigger: White House

In the history of India-US relationship, 2022 has been a huge year and the next year is going to be even bigger, a top White House official said on Sunday. Principal Deputy National Security Advisor Jon Finer also applauded Prime Minister Narendra Modi for being instrumental in forging a consensus during the recently concluded G-20 Summit. "Looking around the world when the United States and (its) President (Joe) Biden look for partners that can truly help carry the load, truly helped move forward a global agenda, India and Prime Minister Modi are very high on that list," Finer told a gathering of several hundred Indian-Americans here. "We just saw this in real time at the G-20 where the prime minister was instrumental in forging a consensus around a joint statement among a far-flung group of countries and in the comments and work that the prime minister has done and others in the Indian government have done to highlight the increasing risk related to nuclear issues," he said at an

India is an invaluable partner: US State Department on Jaishankar-Blinken

The United States supports India's G-20 presidency, US Secretary of State Antony Blinken tweeted as he met External Affairs Minister S Jaishankar in Cambodia on the sidelines of the ASEAN Summit.