New Delhi: Commerce Minister Piyush Goyal on Friday Called His Discussion with Us Trade Representative Jamieson Greer a “Forward-Looking” Step Toward a mutually benefacial Bilateral Trade AgreementSetting the stage for a Major Economic Shift Between the two nations.
Goyal, who was in the us last week, took to x (formerly twitter) to share a photo from the meeting, Emphasizing that India's approach would be rooted in 'India FIRST,' Viksit Bharat, 'and the Completeer Strategic partnership betteren the two nations.
The Meeting Follows Us President Donald Trump and Prime Minister Narendra Modi's Commitment to Negotiating The First Phase of a Bilateral Trade Agreement (BTA) By Fall 2025. REPRESENTINES to Accelerate these talks, underscoring their intent to strengthen economic ties.
Also Read: Come out of Protectionist MindSet: Goyal to Exporters
,Mission 500': A bold new target
During their recent discusations, modi and trump set an Ambitious Goal-Doubling Total Us-India Bilateral Trade to $ 500 Billion by 2030, Dubbed 'Mission 500.' The two Leaders framed the initiative as a pathway to boosting prosperity, strengthening national economies, and making supply chains more resilent.
President Trump, Now in His Second Term, Has Maintened His Tough Stance on Trade Fairness, Emphasizing Tariff Reciprocity – A Policy Where Us Tarifs Partners, Including India. Washington has long argued that India maintains some of the highest tarifs globally, a concern that could become a sticking point in negotiations.
Us Trade Secretary Howard Lutnick Recentrated The Complexities of the Trade Relationship, Advocating for a Broad-Based Trade Agreement Rather Than Product-Specific Negotiations. Speaking virtually at the India Today Conclave, Lutnick Called for “Understanding and Cooperation” to Craft a Deal that Benefits Both Sides.
As Trade Negotiations Progress, Both Nations must Navigate Sensitive Issues, Including Tarifs, Market Access, and National Security Concerns. With the 2025 deadline set, all eyes will be on how India and the us balance their economy priorities while forging a deal that could reshape global trade dynamics.
(Tagstotranslate) India
Leave a Reply