Trade deal between India-USA is off the table: US envoy
Remember, towards the end of Donald Trump regime there was some momentum on a mini-trade deal between the two countries but post the Biden administration taking over, there was no movement on the trade agreement.
US envoy to India Ambassador Elizabeth Jones on Friday said a trade deal between both nations is off the table, and added that bilateral trade has hit $175 billion even without one.
Remember, towards the end of Donald Trump's regime there was some momentum on a mini-trade deal between the two countries. However, post the Biden administration took over, there was no movement on the trade agreement.
Moreover, she said it is India’s sovereign right to accept or reject the upcoming EU price cap on Russian oil.
On the issue of semiconductors, she said there is going to be very intense work between India and US companies to produce and localise semiconductor manufacturing and reduce the supply chain disruptions as well.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
I.N.D.I.A. bloc committed to predictable and stable tax environment: Jairam Ramesh
May 21, 2024 6:33 PM
Exclusive | INDIA bloc will ensure stable policy framework, simple GST, end tax terrorism: Jairam Ramesh
May 21, 2024 5:02 PM
Cong leaders 'failed' to protect party's constitution says FM Nirmala Sitharaman in Bihar
May 21, 2024 4:01 PM
Who will succeed Modi? Oppn thinks Amit Shah will, but PM said this
May 21, 2024 2:38 PM