American trade officials on relationship building visit: USTR

Economy


NEW DELHI: American trade officials are visiting India for relationship-building with Indian government counterparts, including introductory meetings for the new assistant US trade representative (USTR) for India.

Assistant Christopher Wilson and deputy assistant Brendan Lynch are in New Delhi July 11-12.

“Since India’s election period has now passed, USTR officials are visiting India for relationship-building,” a USTR spokesperson said.

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They are likely to meet commerce and industry minister Piyush Goyal on Friday besides meeting officials from the Ministry of External Affairs and Ministry of Electronics and Information Technology, among others.

This is the first meeting of the two sides after the US dragged India to the World Trade Organization (WTO) for raising tariffs on 28 American goods following the US putting an end to preferential benefits to Indian exports last month.

On Tuesday, US President Donald Trump again warned India if its “unacceptable” high tariff regime.

“India has long had a field day putting Tariffs on American products. No longer acceptable!” Trump tweeted then.

The revival of the talks comes after Prime Minister Narendra Modi and Trump, at the Osaka G20 Summit, agreed for an early meeting of their commerce ministers to sort out the trade issues.

India’s exports to the US amounted to $52.4 billion in FY19, while imports were worth $35.5 billion.



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