Days after the United States President Donald Trump’s harsh tweet on “no longer acceptable” tariffs imposed by India on US products, two-day trade talks between the US and India concluded on Friday.
According to reports, with no big breakthrough coming out of the meeting, sides have agreed to continue discussions on trade issues.
Commerce Minister Piyush Goyal, who also met the US delegation, will be going to Washington for the next round of talks, the dates of which are yet to be decided.
A delegation led by Assistant United States Trade Representative (AUSTR) Christopher Wilson was in India for bilateral talks with the Indian delegation led by Sanjay Chadha, Additional Secretary from the Department of Commerce.
The Indian delegation also included senior officials from other Government of India Ministries.
The talks were held with the focus on tariffs, data localisation and e-commerce rules as officials from both sides try to iron out differences in the areas over the meeting.
According to reports, both sides discussed the broad contours of bilateral trade and commercial ties.
Both sides have also agreed to continue their discussions for achieving mutually beneficial outcomes aimed at further growing the economic relationship and addressing mutual trade concerns.
The talks were held a month after the icebreaker between Prime Minister Narendra Modi and US President Donald Trump on the sidelines of the G20 summit in Osaka, Japan.
Ahead of these official-level trade talks, Trump had issued indirect warning to India on Tuesday. “India has long had a field day putting Tariffs on American products. No longer acceptable!” he tweeted.
However, a United States Trade Representative (USTR) spokesperson said both sides would focus on “relationship building”.
He said, “Since India’s election period has now passed, USTR officials are visiting India for relationship-building with Indian government counterparts, including introductory meetings for the new Assistant USTR for India, Christopher Wilson and Deputy Assistant USTR Brendan Lynch are in New Delhi July 11-12.”
The trade talks between the two countries slowed down after Washington rolled back the privileges that New Delhi was enjoying under their GSP or Generalised System of Preferences programme since June 5.
In retaliation, India had also imposed tariffs on 25 American goods, less than two weeks after the Trump administration decision.
During his weekly briefing, Ministry of External Affairs spokesperson Raveesh Kumar, on Thursday, said, “Now there are quite a few issues on the table which you are aware. Our approach is to engage with them very constructively, in a very positive manner.
“I think it is important to keep in mind when we engage on this issue that the trajectory of the relationship remains positive, we have to keep in mind the bigger picture and within that big picture try to address all the issues which are on the table”, he added.