US Trade Official Visits India to Strengthen Bilateral Trade Relations
US Assistant Trade Representative Brendan Lynch visits India from March 25-29 to strengthen trade ties. The discussions aim to establish a bilateral trade framework addressing tariffs and market access. This engagement reflects ongoing US commitment amid global trade tensions and follows recent talks between Prime Minister Modi and President Trump regarding the Bilateral Trade Agreement.
A senior US trade official, Assistant Trade Representative Brendan Lynch, is visiting India from March 25 to 29, accompanied by a team of US government representatives. This visit is part of ongoing discussions aimed at establishing a bilateral trade framework that addresses issues related to tariffs and market access.
This official visit signifies the United States’ commitment to fostering a productive and balanced trade relationship with India. A US official emphasized the value of ongoing engagement with the Government of India on trade and investment matters, conveying hopes for constructive and forward-looking discussions.
Meanwhile, Indian External Affairs Ministry spokesperson Randhir Jaiswal stated that negotiations are progressing with Washington to create a mutually beneficial trade agreement. The ongoing dialogue indicates India’s engagement with the US Administration at various levels to facilitate this agreement.
Tensions have arisen globally due to the US president’s recent tariff policies, prompting fears of a trade war. Following discussions between Prime Minister Narendra Modi and President Trump last month, both leaders announced plans to negotiate the first portion of the Bilateral Trade Agreement (BTA) by the fall of 2025. In alignment with his “America First” policy, President Trump recently introduced reciprocal tariffs against countries imposing higher import levies on the US, effective April 2, 2022.
The visit of the US trade official underscores a significant step towards enhancing the bilateral trade relationship between the United States and India. Continued negotiations focus on creating a trade framework that aims to address critical issues such as tariffs and market access, amidst rising global trade tensions. The move reflects both nations’ commitment to establish a mutually beneficial agreement in the coming years.
Original Source: m.economictimes.com
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