India, US agree to hold comprehensive talks to address trade & economic issues

India and the US have agreed to hold comprehensive talks to address trade and economic issues. The decision in this regard was taken during a series of meetings, Commerce and Industry Minister Suresh Prabhu had with US Commerce Secretary Wilbur Ross and US Trade Representative Robert Lighthizer.

At the conclusion of his two-day trip to the US yesterday, Mr. Prabhu told a group of Indian reporters in Washington, that New Delhi and Washington will now work together to expand bilateral trade.

The Minister said, India will send an official team within next few days to work out the details and initiate a comprehensive negotiation on all issues concerning trade and economic relationship between the two countries.

Acknowledging that both sides have trade and tariff issues with each other, Mr. Prabhu said officials will hold talks on all of them.

President Trump, in a press conference in Canada’s Quebec City during the G7 summit, took a swipe at India along with the world’s other top economies and accused New Delhi of charging 100 per cent tariff on some of the US’ goods.