In a key assembly of the Parliamentary Committee on Overseas Affairs, the Overseas Secretary and the Commerce Secretary briefed members on India-US relations and ongoing commerce negotiations, sources mentioned on Monday
The federal government outlined three classes below which the US has been imposing tariffs.
The problems included International Tariffs – measures utilized to all nations, not simply India, sector-specific tariffs – designed to draw sure industries to the US, similar to vehicles, leather-based, and textiles and revenue-oriented tariffs – focusing on sectors like agriculture and oil for income technology.
Officers burdened that negotiations with the US are persevering with, however India is not going to compromise within the agriculture and dairy sectors.
The federal government is actively assessing the influence of tariffs in session with stakeholders, together with exporters, and is exploring various commerce partnerships. Talks on commerce agreements with the EU are being expedited, and new agreements with different nations are additionally into account.
On broader ties, the federal government famous that India-US relations stay robust past commerce. Current developments embody resolutions handed on the UN Safety Council and the QUAD on the Pahalgam assaults, the extradition of Tahawwur Rana from the US, and the designation of TRF as a terrorist organisation. There was no India-US dialogue relating to Pakistan within the present commerce discussions.
Committee Chairperson Shashi Tharoor confirmed that round 50 questions had been raised within the assembly. He reiterated that commerce is just one dimension of the India-US partnership. On Pakistan Military Chief Asim Munir’s nuclear risk comment, the federal government said that such statements are unacceptable, particularly when constituted of the soil of a pleasant nation.
Concerning the upcoming US delegation go to for commerce negotiations, the federal government indicated there is no such thing as a change in schedule. On whether or not the nuclear risk concern can be raised with Washington, officers deferred to the Overseas Secretary however affirmed that such rhetoric is unwelcome.
Commenting on Prime Minister Narendra Modi’s talks with Ukrainian President Volodymyr Zelenskyy following his dialog with Russian President Vladimir Putin, the federal government famous that if the battle ends, 25 per cent of present tariffs–imposed on account of India’s buy of Russian oil–would be lifted. Nonetheless, India stays centered on addressing the remaining 25 per cent tariff influence.
