The United States has expressed its strong intention to establish a complete trade agreement with India, with discussions involving all sectors, as a spokesperson for the United States Embassy said. This evolution occurs while the two countries strive to reach the ambitious objective of the mission 500, which aims at more than the double bilateral exchange of total $ 500 billion by 2030.
During the visit of Prime Minister Narendra Modi to Washington, US President Donald Trump and Prime Minister Modi set this ambitious objective to strengthen economic cooperation. As part of this initiative, the two leaders announced its intention to negotiate the first phase of a mutually beneficial bilateral trade agreement, which is expected to be finalized by the fall of 2025, according to the spokesperson.
The US Secretary of Commerce Howard Lutnick has reaffirmed this commitment, emphasizing the desire of the United States for a “major trade agreement” with India. He also underlined Washington’s priority to reduce India’s current rate levels, a long -standing question in trade discussions between the two nations.
“The United States is looking for a complete trade agreement with India, without any sector to be excluded,” said secretary Lodnick, who added that the reduction in pricing barriers is a crucial objective.
Last week last week in Teday’s conclave, Lutnick stressed the importance of India to reduce prices on American products to strengthen the relationship between the two nations. Lutnick underlined the need for an important trade agreement which addresses all key aspects and encouraged direct bilateral discussions to reorganize trade dynamics.
In accordance with Trump’s opinions, he stressed that India’s prices are among the highest in the world, highlighting the need for a business partnership to shape the future relationship between New Delhi and Washington.
“It is time to do something big, something big, something that connects India and the United States together, but the fact on a large scale, not the product by product, but rather everything. Let us bring India’s pricing policy to America, and America will invite India to have an extraordinary opportunity and relationship with us,” said Lutnick.
Earlier, the spokesperson for the American embassy, Chris Elms, also said that the “fair and reciprocal plan” of President Trump was aimed at correcting long-standing imbalances in international trade and bringing equity to American trade relations.
He said: “The United States is one of the most open economies in the world, but our business partners maintain obstacles to our exports. This lack of reciprocity is unfair, contributes to the important and persistent trade deficit in the United States and threatens our economic and national security.”
The United States would have requested no task on all products negotiated with India, with the exception of agricultural goods. According to the reuters news agency, the United States is pressure for zero tasks on Tesla cars sent to India. A spokesperson for the United States Embassy said that all sectors were considered for service exemptions.
“As the commercial secretary said, Lutnick, the United States is looking for a major trade agreement between India and the United States, and the United States seeks to reduce the tariff levels that India has. Secretary Lutnick noted that no sector should be outside the table,” he said.
No commitment to the commercial rate: India
During a parliamentary panel briefing on Monday, Sunil Barthwal trade secretary said India had made no commitment concerning the reductions in commercial prices in the United States. This statement was made in response to the recent statement by US President Donald Trump that India had agreed to considerably reduce his prices.
Barthwal said that the negotiations between the two countries are still underway and that no trade agreement has been finalized. Responding to the concerns raised by certain members of the Parliament of the Parliament concerning Trump’s statements, Barthwal stressed that India has made no commitment to trade prices towards the United States, stressing the importance of talks during bilateral trade agreement.
“We cannot pass according to the claims of the American president and on media reports, because bilateral commercial talks between the two nations are still underway. India is not committed to commercial prices in the United States,” said Barthwal.
