Both India & US will benefit from trade diversification initiatives and their common concerns about China’s coercive actions could further strengthen their economic and strategic relations.
Jaishankar & US commerce secy Gina Raimondo agreed to launch the dialogue, expected to work slightly like oversight mechanism for trade of sensitive goods of national security interest.
Indian industries like apparel and gems and jewellery — whose top export destination is the US — set to take a hit due to global downturn. All eyes on US Fed's meeting Wednesday.
At the fourth edition of India-US 2+2 Ministerial Dialogue, first under Biden administration, the two sides will likely focus on strengthening partnership in emerging tech.
Mango exports to US are restarting after 2 years, because Covid stopped US officials from coming for pre-clearance. Govt bodies say Indian officials will now clear consignments.
Commerce minister Piyush Goyal has called for restoration of benefits under the US’ Generalized System of Preferences. The Trump administration removed India from GSP list in June 2019.
Commerce and Industry Minister Piyush Goyal and US Trade Representative Katherine Tai hold India-US Trade Policy Forum, four years after it was junked by Trump administration.
Katherine Tai is embarking on her maiden visit to India as US Trade Representative later this month. The two sides will resume the Trade Policy Forum after a gap of four years.
Biden administration’s focus on China and sticky issues relating to India’s reluctance to provide greater market access has meant the trade deal is off the table for now.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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