Basic HTML Version

|  | Table of Contents |  | View Full Version

Page 16 - The Indian EYE 031326
P. 16

    NORTH AMERICAN Newsline                                                MARCH 13, 2026      |  The Indian Eye 16

               India, U.S. Hold Talks to Expand Trade

               Partnership as Tariff Situation Evolves

            OUR BUREAU                                                                                            will be disclosed only after negotia-
                                                                                                                  tions are finalised.
            New Delhi
                                                                                                                     “There are so many more posi-
               ndia and the United States are ex-                                                                 tives in the agreement,” he said, urg-
               ploring ways to expand their trade                                                                 ing stakeholders to allow time for the
            Iand economic partnership even as                                                                     negotiations to progress.
            New Delhi monitors developments                                                                           Beyond official meetings, the vis-
            surrounding U.S. tariffs and ongoing                                                                  it by U.S. officials has also included a
            negotiations with the administration                                                                  series of engagements with industry
            of Donald Trump.                                                                                      leaders and policymakers aimed at
                Union Commerce and Indus-                                                                         strengthening economic cooperation.
            try Minister Piyush Goyal held dis-                                                                      Ambassador Gor recently hosted
            cussions with Howard Lutnick and                                                                      technology and business leaders at the
            Sergio Gor in New Delhi, focusing                                                                     U.S. Embassy in New Delhi, including
            on strengthening economic ties and                                                                    Arvind Krishna. Following the meet-
            identifying areas for deeper coopera-                                                                 ing, Gor highlighted the role of tech-
            tion between the two countries.                                                                       nology partnerships in strengthening
               “Hosted US Secretary of Com-                                                                       ties between the two countries.
            merce @HowardLutnick & @USAm-                                                                            “Enjoyed hosting Arvind Krishna
            bIndia  Sergio  Gor.  Engaged  in  very                                                               at the US Embassy today. IBM con-
            fruitful discussions to expand our trade                                                              tinues to lead the world in technology
            and economic partnership,” Goyal                                                                      advancement, a great bridge between
            said in a post on X after the meeting.                                                                the US and India,” he said.
                The discussions come at a time                                                                        Gor also hosted a dinner at the
            when both sides are engaged in                                                                        Chief of Mission’s Residence attend-
            broader  dialogue  on  trade  policies                                                                ed by senior political leaders and
            and tariffs following a ruling by the                                                                 corporate executives. Among those
            Supreme Court of the United States                                                                    present were Raj Subramaniam, Sam
            that has prompted fresh debate over   Union Minister Piyush Goyal with United States Secretary of Commerce Howard Lutnick, in   Altman,  Andrej  Plenković,  Tshering
            U.S. tariff measures. Goyal said In-                                                                  Tobgay and Sunil Bharti Mittal, along
            dia is closely monitoring the situation          New Delhi on Thursday. (@USAmbIndia/ANI Photo)       with other global business leaders.
            while maintaining active engagement                                                                      The event also saw participation
            with Washington.                      Officials  say  the  discussions  fo- tariffs that previously reached about  from A. Revanth  Reddy,  who  high-
               “This is an evolving situation. We   cused on expanding trade opportuni- 50 percent, which he said significantly  lighted his state’s industrial policy and
            are watching what is happening. We   ties and improving market access for  affected export competitiveness. Re- investment opportunities during in-
            are in dialogue with the administra- businesses in  both countries, while   ducing tariffs to levels below those   teractions with business executives.
            tion in the U.S. and, of course, inter- also exploring ways to ensure com- faced by competing countries could   Reddy emphasised Telangana’s
            nal consultations. We will have to wait  petitive advantages for Indian ex-  provide a major boost to Indian ex- investor-friendly ecosystem and its
            and watch and ensure the best inter-  porters in the global market.  porters.                         focus on emerging sectors such as
            ests of India are protected,” the minis-  Goyal said the negotiations with   Responding to questions about  artificial  intelligence,  advanced  man-
            ter said while speaking at the News18   the United States aim to secure the   whether India’s negotiating stance   ufacturing, logistics and green energy.
            Rising Bharat Summit.             best possible outcome for India, par- might shift following the U.S. Su-  The engagements between policy-
                The meeting between Goyal and   ticularly in terms of comparative ad-  preme Court ruling on tariffs, Goyal   makers and corporate leaders reflect
            Lutnick was held over lunch and was   vantage over other emerging econo-  said  the  situation  remains  fluid  and   the growing strategic and economic
            described by both sides as produc- mies.                            subject to ongoing discussions be-  partnership between India and the
            tive. Ambassador Gor also shared a   “Trade deal or international trade   tween both governments.     United States. Both sides view tech-
            glimpse of the engagement on social   is about comparative advantage,” the   “There are different evolving di- nology collaboration, supply-chain re-
            media.                            minister said. “If everybody is at X  alogues that are going on. We’ll have   silience and investment as key pillars
               “A highly productive lunch with   rate,  nobody  gets  a  competitive  ad- to watch,” he said, adding that the   of future cooperation.
            @howardlutnick and @PiyushGoyal.  vantage. But if I am lower than some- joint statement agreed upon by the   As discussions continue on trade
            So many areas of cooperation for our  body else who is my competitor, I  two sides already includes provisions   and tariff policies, Goyal said India
            two nations!” Gor said in a post on X.  have a comparative advantage.”  allowing the deal to be rebalanced if  remains committed to constructive
                The  talks  are  part of a  broader   According to Goyal, earlier tariff  circumstances change.   engagement  with  Washington  while
            push to deepen economic engage- levels had placed India at a disadvan-  Goyal also emphasised that tar-  safeguarding its economic interests.
            ment between the two countries at  tage in certain export segments. Low- iff numbers alone do not define the   “I can reassure all the friends in
            a time when both governments are   er tariff rates compared with com- value of a trade agreement. Accord- the room and all your viewers and all
            seeking to strengthen supply chains,  petitors, he said, would allow Indian   ing  to him, the proposed deal con- our countrymen that India stays com-
            technology partnerships  and invest- exports to remain competitive.  tains several additional elements that  mitted to engaging for the best possi-
            ment flows.                           He cited the example of higher  could  benefit  India,  though  details   ble opportunities,” he said.

                                                                   www.TheIndianEYE.com

| 11 12 13 14 15 16 17 18 19 20 21 |