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.
Punjabi singer Guru Randhawa wrote a cryptic post targeting Diljit Dosanjh amid the 'Sardarji 3'
The Pakistan Cricket Board has claimed that it has made huge profits from hosting the Champions T
Famous Bollywood actress Aishwarya Rai Bachchan has knocked on the door of the Delhi High Court.
India and Pakistan will face each other in the Asia Cup final for the first time. The two teams h
Sunrisers Hyderabad lost the match against Gujarat on Sunday. The guests defeated them by seven w
This comedian called Salman Khan's show Bigg Boss a madhouse. Saying this he rejected a big offer.
Wherever there is controversy, it takes no time for the makers of Bigg Boss to reach there. The f
The night of June 27 brought bad news for Bollywood and TV industry. 'Kaanta Laga Girl' Shefali J
Today is the birthday of Bollywood actress Madhuri Dixit. On this special occasion, her husband S
Kantara Chapter 1: Jr NTR praises 'Kantara Chapter 1', calls Rishabh Shetty a mix of actor-director
Rishabh Shetty's upcoming film "Kantara: Chapter 1" continues to generate considerable buzz. Audi
A major order by the Supreme Court before Diwali, green firecrackers allowed in Delhi-NCR
Ahead of Diwali, the Supreme Court issued a significant order regarding green firecrackers in Del
