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India-US to restart trade talks amid few signs of compromise


SUKIRTI MISHRA 11/07/2019 14:33 PM
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New Delhi. In the wake of protectionist measures undertaken by the Indian and the US government in the recent months, the trade negotiators of both the countries will meet this Friday with a few compromise measures on the trade barriers. The trade policies of both the countries have created strained ties between the strategic partners. In 2018, trade between and India and the US was worth $142.1 billion. 

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Narendra Modi after being re-elected as the PM in May, has been focusing on the nationalist policies with higher tariffs on electronic goods to tighter controls on foreign firms of the e-commerce market. Modi's policies aim at fostering the domestic companies and also on creating jobs for the youth.  Trump's latest tweet termed the high tariff rates as "unacceptable". US President Donald Trump has been building pressure on India so that the latter undertakes considerate measures to open its market.  
Christopher Wilson, the Assistant US Trade Representative (AUSTR) for South and Central Asia, will lead the delegation assigned to meet Indian officials to try and re-start negotiations on tit-for-tat tariffs that were put on hold because of India's election.
As per the sources, the USTR delegation is likely to meet Commerce Minister Piyush Goyal along with key trade officials on Friday. The delegation is also expected to meet top officials at the IT ministry.

 

 

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