India will address its future commercial relationship with the United States with a “very open mind,” said Friday Minister of Commerce Piyush Goyal, a few days before the additional rates of the United States enter into force in imports in the country.
The commercial conversations of India-EE. UU. They collapsed over India, the fifth largest economy in the world, resisting the opening of their vast agricultural and dairy sectors. Bilateral trade between the two countries is worth more than $ 190 billion.
Indian exports face US duties of up to 50%, among the highest imposed by Washington, after President Donald Trump announced additional tariffs as punishment for the greatest purchases of New Delhi of Russian oil.
Currently, a 25% tariff on the importation of Indian goods in the US in the US, while the remaining 25% will be applied as of August 27.
Goyal, speaking in a forum of Economic Times in New Delhi, said that India is addressing the issue of commerce with the US. With a “very open mind, a positive perspective and the confidence that the United Indian-State relationship is very consistent and very important for both countries.”
A planned visit of US commercial negotiators to New Delhi from August 25 to 29 has been suspended, hurrying the hopes of relief of the highest tariffs in the United States over Indian goods.
The Indian Prime Minister, Narendra Modi, has promised not to compromise the interests of the country’s farmers and is taking cautious measures to relieve the relationship with China with his first visit in seven years.
Goyal said that the warming of relations with China should not be linked to the United Indian-United States commercial conversations.
