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India, US ironing out differences on trade deal
In Short
Jaishankar said India’s trade minister, the US Trade Representative (USTR) and other officials concerned are engaged in talks to move forward on the bilateral trade pact.
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External Affairs Minister S Jaishankar
New Delhi: While noting the core fundamentals of the bilateral strategic partnership remain unchanged, External Affairs Minister S Jaishankar said 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’.
The EAM’s comments on the trade negotiations came over a week after Finance Minister Nirmala Sitharaman said the talks on the trade deal have reached a “plateau”.
At a Bloomberg New Economy Forum, when asked about the status of the negotiations between the two sides, he said, “I think we are waiting on a few things. I wouldn’t be comfortable spilling the beans in public.”
Jaishankar said India’s trade minister, the US Trade Representative (USTR) and other officials concerned are engaged in talks to move forward on the bilateral trade pact. “When countries negotiate with an economy like the United States, obviously one part of it is what you work out between yourselves and the US, and one part of it is how do you fare vis-a-vis competitive economies.”
“And that part of it is not entirely clear because not everybody has worked out a deal. I think people, the trade ministers, USTR (US Trade Representative) there and our Commerce and Industry Minister are there working on that. They’re ironing it out,” he said.
