Union Commerce Secretary Sunil Barthwal on Monday told the Parliamentary Committee on Foreign Affairs that talks between India and the US are still going on and no agreement has been reached on trade tariffs yet.
Talks on bilateral trade between the two countries
Several members of the committee expressed concern over US President Donald Trump's claim that India has agreed to reduce tariffs. On this, Barthwal said that no one should trust the US President's claims and media reports as talks on a bilateral trade agreement between the two countries are still going on. India has not expressed any commitment to the US on trade tariffs.
India in favor of free and liberal trade
Sources said that the Commerce Secretary also said that the country's interests will be taken care of during the trade talks. India is in favor of free and liberal trade which will help in increasing trade between the two countries. Tariff war will not benefit any country including America, rather it can lead to recession.
US security concerns
When some members questioned why India was not raising its voice against the tariffs like Canada and Mexico, the commerce secretary said there could be no comparison between the two countries as the US has security concerns and border immigration issues with them.
Important for the domestic economy
Barthwal said India would sign mutually beneficial agreements and protect industries that are important for its domestic economy. He said developing countries cannot reduce tariffs on everything. India can reduce tariffs bilaterally and reciprocally, but not multilaterally, which is why bilateral trade agreements are being negotiated.
The Supreme Court on Thursday said that the entire problem of stray dogs in Delhi-NCR is due to t
All-rounder Washington Sundar took four wickets to put India in a great position on the fourth da
A decade, 5 seasons, and 42 episodes... Stranger Things created a world that captivated audiences
The case of assault on a food stall owner in Mumbai for not speaking Marathi has heated the polit
Aam Aadmi Party's Political Affairs Committee (PAC) meeting was held. In this, a decision was tak
After the stampede incident at New Delhi station, the Standing Committee of Parliament has also s
MP Flats Delhi: PM Modi inaugurated new flats in New Delhi, gave a gift to MPs
Prime Minister Narendra Modi today inaugurated 184 new Type-7 multi-storey flats built on Baba Kh
Shocking news has emerged from neighboring Pakistan. The Pakistani Air Force has bombed its own c
Disha Patani is a famous actress of Hindi cinema. More than her film career, Disha remains in the
This year, Hindi cinema achieved success on many fronts in the 71st National Film Awards. Vicky K
