Speaking to reporters, Chaturvedi said the deal appeared uneven, noting differences in tariffs: the US will cut tariffs on Indian goods to 18%, while India will eliminate or reduce tariffs on US industrial and agricultural products.
Former Vice President Hamid Ansari on Friday reacted to US President Donald Trump's repeated claims of having stopped a potential India-Pakistan conflict, asserting that India had not accepted such an assertion.
The Union Minister said this today during the signing ceremony of the Terms of Reference (ToR) for a Free Trade Agreement (FTA) between India and the Gulf Cooperation Council (GCC). Highlighting the scale of the upcoming engagement with Washington DC, Goyal stated, "Our orders for US airc
Commerce Minister Piyush Goyal on Wednesday said India and the US are complementary economies and the trade deal between the countries is beneficial for both parties.
Shiv Sena (UBT) MP Sanjay Raut on Thursday criticised the India-US trade agreement, which reduced the previously imposed tariff of 50 per cent to 18 per cent, saying that with this trade deal, the United States has almost bought India.
The deal involves reducing reciprocal tariffs from 25% to 18% and eliminating the additional 25% duty on Russian oil imports into India. India has also agreed to increase imports from the US by $500 billion, covering sectors like energy, technology, agriculture, and defence.
Former Assistant US Trade Representative Mark Linscott on Monday (local time) welcomed the India-US trade deal, in which Washington reduced the tariffs on India to 18 per cent, saying that the agreement will help cement efforts by both countries to come closer economically.
In a press release issued, SIMA Chairman Durai Palanisamy appreciated Prime Minister Narendra Modi and Union Commerce Minister Piyush Goyal for their leadership in bringing the agreement to fruition.
European Council President Antonio Costa showed his overseas Indian card during the joint press meet here in the national capital on Tuesday and underlined how the conclusion of negotiations holds a special meaning for him.