India, US Ironing Out Differences on Trade Deal; Nearing 'Landing Point': Jaishankar
Jaishankar said outstanding issues remain, but India’s exports to the US rose 21% in August to $8.3 billion, easing pressure for a deal.
- On Tuesday, External Affairs Minister Jaishankar said India-US trade negotiations are heading toward a "landing point," though he declined to predict when the agreement would be finalized, citing unresolved issues.
- Earlier this month, Finance Minister Nirmala Sitharaman said talks had reached a "plateau," while Commerce Minister Piyush Goyal and United States Trade Representative Jamieson Greer work to resolve outstanding issues.
- India joined 14 countries last Wednesday in acknowledging structural excess capacity challenges, signaling the United States may avoid fresh Section 301 tariffs following the G20 trade ministers' meeting.
- Washington extended a trade truce with China until January 10, 2027, heightening New Delhi's unease that India remains exposed to tariffs while Beijing receives protection.
- Jaishankar emphasized that while India has a strong strategic partnership with the US, it is not an official alliance, noting the shared interests pursued for 20 years remain fundamentally unchanged.
13 Articles
13 Articles
India-US Trade Deal Nears ‘Landing Point’, Jaishankar Says Talks Continue To Iron Out Differences
<p>New Delhi, Oct 14 (PTI) India and the US are continuing to engage to iron out differences on the proposed trade deal, and negotiations are heading towards a "landing point," External Affairs Minister S Jaishankar has said, while noting that the core fundamentals of the bilateral strategic partnership remain unchanged.</p> <p>The external affairs minister's comments on the trade negotiations came over a week after Finance Minister Nirmala Sith…
India-US trade deal heading towards ‘landing point’, EAM Jaishankar says
External Affairs Minister S Jaishankar indicated that India and the US are advancing their trade deal negotiations. Both countries are addressing outstanding issues, with officials working diligently to find resolutions. Jaishankar emphasized that the negotiations are complex due to competitive agreements being made by the US with other economies. He noted the significance of tariffs in relation to the US's efforts to reindustrialize its economy.
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