NEW YORK: Indian Ambassador Vinay Mohan Kwatra on Tuesday briefed US Congressman Marc Veasey on India’s stance regarding recent developments, emphasizing the significance of fair, balanced, and mutually beneficial trade in strengthening the bilateral partnership.
“Had a fruitful discussion with @RepVeasey, Vice Co-Chair of the India Caucus in the US House of Representatives. Briefed him on India’s position on recent developments,” Kwatra wrote on social media.
He highlighted the importance of trade that benefits both nations as a key pillar of the India-US relationship.
Earlier, Kwatra also met Congressman Michael Baumgartner, sharing India’s perspectives on mutual trade and energy ties. “Had the opportunity to speak with @RepBaumgartner today. Briefed him on recent developments in India-US partnership and India’s perspectives on mutual trade and energy ties. Grateful for his strong support for the relationship,” he posted.
In a recent development, former President Donald Trump imposed tariffs totaling 50% on India, including a 25% levy on India’s purchases of Russian oil, set to take effect from August 27. India has described the tariffs as unjustified and unreasonable and stated it will take all necessary measures to protect its national interests and economic security.
Meanwhile, Minister of State for Commerce and Industry Jitin Prasada told Parliament that India and the US are negotiating a multi-sector bilateral trade agreement (BTA). Discussions include liberalization of trade in goods, including non-sensitive agricultural products. Five rounds of talks have been completed so far, while the sixth round, originally scheduled for August 25, was recently postponed by the US delegation.
