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.
Congress MP Shashi Tharoor, who is facing criticism from his own party leaders, has hit back and
T20 captain Surya Kumar Yadav's mother wishes injured cricketer Shreyas Iyer on Chhath.
A mother's love is equal for all her children. Whenever her son or any other child is in trouble,
Batting legend Sunil Gavaskar has never been one to lightly praise or compare cricket's greats, b
Piles of suitcases at the airport and hours of waiting... over 400 IndiGo flights cancelled.
Several IndiGo flights have been disrupted once again. The airline's flights are either delayed o
On Saturday, America's B-2 bombers took off from Missouri and entered Iran's airspace after a jou
'If I could meet CM Yogi, I would find peace of mind,' says engineer Yuvraj's father.
Rajkumar Mehta, the father of engineer Yuvraj Mehta, who died in Noida, has expressed satisfactio
After the stampede incident at New Delhi station, the Standing Committee of Parliament has also s
Singer Zubeen Garg's manager, Siddharth Sharma, and Shyamkanu Mahant, chief organizer of the Nort
Becoming a symbol of India's diplomatic and military strength, Prime Minister Narendra Modi is on
All-rounder Washington Sundar took four wickets to put India in a great position on the fourth da
