Flurry of high-level meetings signal progress after two years of tough negotiationsA deal could offer tariff concessions to US farm products in exchange for trade concessions to India
2 min read17 Jul 2020The Union minister stressed on the importance of small businesses for the economies of both countries
1 min read16 Jul 2020US Commerce Secretary Wilbur Ross said he was eager to make further progress on trade talks with India and wanted to hear Indian proposalsIn June, the US ended its preferential trade treatment for India, removing it from the GSP program
1 min read5 Nov 2019‘No natural reason’ why leaders can’t sign deal this month, said US Commerce Secretary Wilbur RossRoss also said licenses would be coming 'very shortly' for US firms to sell components to China’s Huawei Technologies
4 min read4 Nov 2019The United States and India have been locked in trade disputes for months that have led to tit-for-tat tariffsWashington has been concerned about Indian policies that mandate foreign firms to store more data locally
3 min read3 Oct 2019US commerce secretary says Modi has a strong position, making it a lot easier to take decisive actionThe interim trade agreement was expected to cover tariff-related concessions
2 min read3 Oct 2019India dominates the world’s generic drugs market and the United States is among its top importersWilbur Ross is expected to meet Piyush Goyal
1 min read1 Oct 2019Some telecom companies in the US are 'dependent' on Huawei, and thus a 90-day reprieve was deemed appropriate, says RossThe announcement follows an upbeat tweet from Trump indicating the US was ‘doing very well with China, and talking’
1 min read19 Aug 2019US commerce secretary Ross lists India’s alleged unfair trade practices at summitIndia’s average applied tariff rate of 13.8% remains the highest of any major economy, says Wilbur Ross
2 min read8 May 2019Wilbur Ross says retaliatory tariff by India in response to the US planned withdrawal of some trade privileges will not be 'appropriate' under WTO rulesIndia is the biggest beneficiary of the GSP, which allows preferential duty-free imports of up to $5.6 billion from the South Asian nation
2 min read7 May 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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