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.
In connection with the Delhi bike accident in Janakpuri, Delhi Police have taken major action and
Mohammad Yunus, Chief Advisor of the Interim Government of Bangladesh, praised the team of 21 for
'Anupama' fame actor Gaurav Khanna has won 'Bigg Boss 19'. He entered Bigg Boss late, but made a
Nitesh Tiwari, who is known for making films like Dangal and Chhichhore, is directing a mythologi
There is an atmosphere of tension between India and Pakistan at this time. In Operation Sindoor o
The Board of Control for Cricket in India (BCCI) has announced substantial prize money for the In
LIC Share Price Surges 7% in 5 Days After Bonus Share Buzz; Company Announces Dividend
Shares of Life Insurance Corporation of India continued their strong upward momentum on Tuesday,
Astronaut Shubhanshu Shukla, who returned to Earth after an 18-day mission on the International S
The teams of India and Pakistan are once again in the headlines, as both teams are going to face
OYO Files ₹6,650 Crore IPO Papers: Hospitality Giant Expands From India to Europe and the US
Hospitality technology company OYO has taken a significant step toward its stock market debut by
