New Delhi, July 2 (IANS) The India-US bilateral trade agreement (BTA) talks have entered the final stage, with most key issues having been sorted out and both sides working towards a deal that gives New Delhi an advantage over its competitors, Commerce and Industry Minister Piyush Goyal said on Thursday.Speaking at the NDTV Indo-Japan Strategic Dialogue, Goyal said he does not foresee any major hurdles in concluding the US trade agreement despite recent legal and policy developments in Washingto…
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London/New Delhi, June 25 (IANS) India will not enter into a trade agreement with the United States unless it secures a clear competitive advantage over rival economies, Commerce Minister Piyush Goyal said on Thursday.Speaking during a two-day visit to London, Goyal said India would only proceed with the agreement once Washington establishes a legal and policy framework that offers Indian exporters preferential market access compared to competing countries.“Until the framework for getting comp…
New Delhi, June 2 (IANS) India and the US are scheduled to hold fresh trade negotiations from Tuesday, both sides are aiming to finalise the first phase of a long-awaited Bilateral Trade Agreement (BTA) that could significantly reshape trade ties between the two countries. The talks that are scheduled between June 2 and June 4 are expected to focus on finalising the legal text and ironing out remaining issues in the proposed interim agreement, whose broader framework has already been agreed upon…
New Delhi, June 1 (IANS) India and the United States are set to sign their first bilateral trade agreement (BTA) very soon, with most discussions already concluded and only a few issues remaining to be addressed, Union Minister of Commerce and Industry Piyush Goyal said on Monday.According to the minister, the two sides will continue discussions on the second phase of the agreement after the signing of the initial pact.He added that conversations between the two countries are scheduled to take p…
New Delhi, May 31 (IANS) India and the United States are set to resume negotiations on an interim bilateral trade agreement this week, with chief negotiators from both sides meeting in New Delhi for four days beginning June 1. The discussions are expected to focus on finalising the details and legal text of the proposed interim trade pact, whose broad framework was agreed upon earlier this year.The US delegation will be led by chief negotiator Brendan Lynch, while India’s team will be headed by …
Washington, March 7 (IANS) A US government agency is working on a new system to simplify the tariff refund process that could be ready in 45 days, a report said, as many companies seek refunds of the Trump administration’s emergency duties that the Supreme Court struck down last month.Brandon Lord, executive director of U.S. Customs and Border Protection (CBP)’s trade policy and programs directorate, unveiled the work on a streamlined process requiring “minimal submission” from importers, in a f…
Washington, March 7 (IANS) The United States has filed civil forfeiture complaints seeking to seize more than $15 million allegedly linked to an illicit Iranian oil distribution network accused of evading American sanctions and using the US financial system to support entities tied to Iran’s Revolutionary Guard.The Department of Justice said the complaints were filed in the US District Court for the District of Columbia, alleging that more than $15.3 million was used to fund a network that sol…
New Delhi, Feb 24 (IANS) In a little over a year since he took office as the 47th President of the United States on January 20 last year, Donald Trump has managed to stir the world order a few times with frequent changes made using two of his favourite words – trade and tariffs.First, he introduced a set of “reciprocal tariffs” last year that forced several countries to scurry for inking trade deals with Washington or agree to negotiations as the dice appeared to be loaded against them.”After …
Washington, Feb 24 (IANS) US President Donald Trump is considering fresh national security tariffs on a half-dozen industries after the Supreme Court struck down many of his second-term levies, a media report said.According to a Wall Street Journal report, the proposed measures could target sectors including large-scale batteries, cast iron and iron fittings, plastic piping, industrial chemicals, and power grid and telecom equipment.The tariffs would be issued under Section 232 of the Trade Expa…
Washington, Feb 24 (IANS) US Senate Democrats have introduced legislation to force the Trump administration to refund billions of dollars in tariffs after the Supreme Court struck them down as unlawful.US Senator Ben Ray Lujan said President Donald Trump had “ignited a global trade war the moment he took office by illegally imposing sweeping tariffs and causing pain for millions of Americans.”The proposed Tariff Refund Act of 2026 would require full refunds, with interest, of tariffs imposed…