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.
Incidents of cloudburst have been reported at different places in Uttarakhand. A woman died after
Prime Minister Narendra Modi presented precious gifts related to India's cultural heritage to the
Pakistan Prime Minister Shahbaz Sharif on Thursday proposed talks with India. He says that Pakist
The 41-year wait to hoist India's flag in space again is expected to end. Under the Axiom-4 missi
Covid-19: Discussion on two variants of Corona NIMBUS and STRATUS, has a new variant arrived again?
For more than a month now, the outbreak of coronavirus has been seen in many countries of the wor
The government and the army held a press conference after the Indian Armed Forces' strike 'Operat
Prime Minister Narendra Modi addressed the Indian community in Trinidad and Tobago on Thursday. D
There was a lot of uproar in the Rajya Sabha on Friday during the budget session of Parliament. B
In Bihar, Rahul Gandhi is fiercely attacking the BJP and PM Modi through rallies. Meanwhile, in o
BJP has strongly countered the opposition's Election Commission march over the Bihar SIR case. Un
