Are India and the US Ready for Trade Talks This Tuesday?
Synopsis
Key Takeaways
New Delhi, Jan 12 (NationPress) India and the United States are set to engage in important trade discussions, with the next meeting between the negotiators scheduled for Tuesday, as stated by America’s newly-appointed Ambassador to New Delhi, Sergio Gor, on Monday.
During his introductory address to embassy staff and journalists, Gor conveyed that US President Donald Trump sends his “best wishes to his friend Prime Minister Narendra Modi.”
“The bond between Trump and PM Modi is genuine, and both nations are connected not only through shared interests but also by a relationship established at the highest echelons. True friends may have disagreements, yet they ultimately find resolutions,” Gor commented.
He also highlighted the significance of trade in the India-US relationship, stating that the two countries will collaborate closely on other critical areas, including security, counter-terrorism, energy, technology, education, and health.
Gor stressed that both nations maintain regular communication despite ongoing differences regarding tariffs and market access.
Additionally, Gor announced that India will be invited to become a full member of 'PaxSilica' next month. He described 'PaxSilica' as a new initiative launched by the United States to create a secure, prosperous, and innovation-driven silicon supply chain, encompassing everything from critical minerals and energy inputs to advanced manufacturing, semiconductors, AI development, and logistics.
“Countries that joined last month include Japan, South Korea, the United Kingdom, and Israel. India's inclusion will further bolster the group,” he remarked.
Gor’s remarks on the bilateral trade discussions clarify the confusion stemming from Commerce Secretary Howard Lutnick’s comments regarding stalled negotiations, which he attributed to PM Modi “not calling” President Trump.
The Ministry of External Affairs (MEA) countered Lutnick’s statement, asserting that “The description of these discussions is inaccurate.”
“India is eager for a mutually beneficial trade agreement between our two complementary economies and is looking forward to its conclusion,” MEA spokesperson Randhir Jaiswal stated.
Lutnick had indicated that the trade deal faltered due to the absence of a call from PM Modi to Trump, leading Washington to pursue other agreements.
Jaiswal added, “We have taken note of the remarks. India and the United States have been committed to negotiating a bilateral trade agreement since February 13 of last year. Since then, the two parties have conducted multiple rounds of discussions to achieve a balanced, mutually beneficial trade agreement.”