India, US agree on comprehensive talks to address trade issues | WeForNews | Latest News, Blogs India, US agree on comprehensive talks to address trade issues – WeForNews | Latest News, Blogs
Connect with us

World

India, US agree on comprehensive talks to address trade issues

Published

on

suresh-prabhu

Washington, June 13 :India and the United States have agreed to hold official talks soon to address the trade and economic irritants between both nations, Commerce Minister Suresh Prabhu said on Tuesday.

This decision was taken during a series of meetings Prabhu had with US Commerce Secretary Wilbur Ross and US Trade Representative (USTR) Robert Lighthizer in Washington during the Indian Minister’s visit from June 10 to 12.

“We will now work together to expand bilateral trade,” Prabhu told reporters in Washington.

He said India would send an official team to work out the details and start comprehensive negotiations on all issues concerning the bilateral trade and economic relationship.

“The team will come within the next few days,” he said.

In March, US President Donald Trump slapped import tariffs of 25 per cent on steel and 10 per cent on aluminium, unfolding the prospect of an all-out global trade war. China retaliated in April imposing tariffs as high as 25 per cent on 128 American products.

India has sought an exemption from the US tariffs along the lines the US has allowed to the European Union, Argentina, Australia, Brazil, Canada, Mexico and South Korea.

Prabhu had earlier said that India would bilaterally take up the issue of recent trade protectionism measures with the US.

According to an Indian Commerce Ministry release, Prabhu also met US Secretary of Agriculture Sonny Perdue and also had a joint meeting with India Caucus Co-chairs Senator Mark Robert Warner and Senator John Cornyn.

During his visit, Prabhu also addressed business and industry leaders in meetings organised by the US-India Business Council (USIBC) and US-India Strategic Partnership Forum (USISPF) and met other stakeholders.

“It’s a great time to join hands with each other and that is the realisation within the (US) administration as well. As you know, we always hear about trade disputes between the US and India, but when I had a meeting with the USTR, the Commerce Secretary, Agriculture Secretary, Senators, it is very clear that we must move on, keeping the issues behind,” Prabhu told industry leaders at a reception hosted by USIBC.

“Every great partnership has areas of agreement and disagreement. I am hopeful that the US investment corridor is only going to grow, and I’m confident that we will be able to bridge our gaps,” he said at the USISPF event.

In his interaction with industry leaders at an event organised by the USISPF, Prabhu spoke about the improvements that have been made in the trade relationship, including trade deficit reduction.

The industry meetings included senior officials from major American companies such as Boston Scientific, FedEx, Walmart, Abbott, UTC, Honeywell, PhRMA, MoneyGram, Lockheed Martin, Koch Industries, Amway, Uber and 21st Century Fox.

Earlier this week, at a press conference during the G7 Summit in Quebec, the US President accused India of levying 100 per cent tariff on some American products.

Trump also threatened he would limit market access to the US and even cut off trade ties if America’s trading partners did not cooperate.

World

Nine drug addicts killed in Afghanistan shooting

Published

on

By

Kabul, Nine drug addicts were shot to death in an overnight shooting in a non-residential area in western side of Kabul, Afghanistan, the capital police said on Sunday.

“The shooting occurred at side of Qurugh Mountain in Police District 6 roughly at 8:00 p.m. on Saturday. Personnel of Kabul Criminal Investigation Police Department shifted the bodies to Forensic Science Service Department near Kabul University shortly after the shooting was reported,” Ferdaus Faramarz from Kabul police told Xinhua.

One arrest was made after the shooting and the motive behind the incident remained unclear. Further investigation is on, police added.

Continue Reading

World

31 civilians killed in Yemen airstrike: UN

Published

on

By

airstrikes-wefonews
Representative Images

An airstrike in the Yemeni northeastern province of al-Jawf has killed at least 31 civilians and injured 12 others, the UN humanitarian coordinator for Yemen said in a statement on Sunday.

“We share our deep condolences with the families of those killed and we pray for the speedy recovery of everyone who has been injured in these terrible strikes,” Lise Grande said in the statement obtained by Xinhua.

“Under international humanitarian law parties which resort to force are obligated to protect civilians. Five years into this conflict and belligerents are still failing to uphold this responsibility,” she added.

The victims were killed in the airstrike on Saturday that targeted a gathering of people at the site where a Tornado warplane of the Saudi-led coalition crashed in al-Masloub district in the southwest of al-Jawf, according to a local tribal source.

The victims were members of three relative families, the source said on condition of anonymity. The strike came hours after the Houthi rebels claimed to have shot down the Tornado warplane.

Meanwhile, the Saudi-led coalition confirmed that a Tornado warplane crashed in al-Jawf during an operation to support Yemen’s government forces. The coalition held Houthis responsible for the lives and safety of the plane’s crew, according to a statement carried by the Saudi-owned Al Arabiya television.

The Saudi-led coalition has been fighting the Iran-allied Houthi rebels since its intervention in the Yemeni conflict in March 2015 to support the internationally-recognized government of Yemeni President Abd-Rabbu Mansour Hadi.

Continue Reading

World

Japan confirms 70 new coronavirus cases from cruise ship

Published

on

By

Coronavirus
Representative Images

Toky, Another 70 people aboard the virus-hit Diamond Princess cruise ship quarantined in Japan’s Yokohama have been tested positive for coronavirus (COVID-19), bringing the total to 355 cases, Health Minister Katsunobu Kato confirmed on Sunday.

The health ministry said that the 70 new cases came out of 289 people tested, bringing the total number of those who have undergone tests to 1,219, Japan Times reported.

The cruise ship arrived in Japan earlier this month with more than 3,700 passengers and crew members from more than 50 countries and regions.

With global attention increasingly focused on the situation, the US Embassy sent a letter on Saturday to Americans aboard saying that a chartered aircraft, set to arrive in Japan on Sunday, would repatriate those who wished to leave the ship.

The US aircraft is set to depart from Haneda Airport in Tokyo on Monday, according to Japanese official japan will also cooperate with other countries that make similar arrangements to evacuate their citizens on the ship, Japanese government officials said.

More than a week has passed since the cruise ship was put under a two-week quarantine at Yokohama port after a passenger who disembarked in Hong Kong was found to be infected with COVID-19, the pneumonia-causing coronavirus.

Japan’s health ministry had initially planned to keep all of the passengers and crew confined on the vessel until Wednesday, when the quarantine is scheduled to end.

But the ministry decided last Thursday to let passengers 80 and older, as well as their traveling companions, leave before the end of the quarantine after they were screened for infection.

Those with pre-existing conditions or who were staying in cabins without windows were prioritized for disembarkation.

Continue Reading
Advertisement

Most Popular