India Exports to the US are increasing and it can increase imports of products such as rock gas, LNG and crude oil from the US to diversify its imports. The reason for this is the low prices of these items in the US. An official gave this information. Officials of the two countries will start the next round negotiations on the proposed bilateral trade agreement this week. “Though, India is looking for a balanced and mutually beneficial trade agreement with the US,” India will determine what we finally finalize in the agreement, “the official said.
You can buy cheap things from America
Asked whether any interim trade agreement could be agreed before July 9, the official said there are currently a lot of uncertainty. Donald Trump administration’s plan to increase tariffs on steel and a court order against the decision of US authorities on tariffs is prohibited. He said that but amidst uncertainties, India will have to find avenues that are good for the country. The official said, “Exports are increasing … There are many things that we can buy from America. For example shell gas, LNG, crude oil. The more diverse our sources are, the greater the benefit for us. Prices are also low in America. ‘
India will protect its interests
The official said that America is a major trading partner of India and is a business surplus situation in India’s favor. In addition, a large number of jobs are associated with exports to the US. India has already reserved its right to put a counter -tariff against the American Teriff on steel and aluminum. It has also sought consultation under the World Trade Organization (WTO) rules for imposing American tariffs on vehicles Palparj. Asked if India is considering taking similar measures in more products, the official said that India will protect its interests. He said, “We will see what is good for India … According to him, we will decide.” There are many uncertainty today due to the court order. We will discuss how to solve these issues…. ‘
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