India, US trade team to start three-day talks from Dec 10: Sources
New Delhi (PTI): India and the United States will commence three-day talks on the first phase of their proposed bilateral trade agreement here from December 10, sources said.
The visit is crucial as India and the US are working to finalise the first tranche of the pact.
"The three-day talks will start on December 10. It will conclude on December 12, and it is not a formal round of talks," said one of the sources.
The US team will be led by Deputy United States Trade Representative (USTR) Rick Switzer.
This visit of the US officials marks their second trip since the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market due to the purchase of Russian crude oil.
On September 16, the US officials last visited India.
On September 22, Commerce and Industry Minister Piyush Goyal also led an official delegation to the US for trade talks. Goyal had also visited Washington in May.
While the USA's chief negotiator for the pact is Assistant US Trade Representative for South and Central Asia Brendan Lynch, the Indian side is led by Joint Secretary in the Department of Commerce Darpan Jain.
The talks are also important as Commerce Secretary Rajesh Agrawal has recently stated that India is hopeful of reaching a framework trade deal with the US this year itself, which should address the tariff issue to the benefit of Indian exporters.
While noting that the Bilateral Trade Agreement (BTA) will take time, Agrawal has added that India is engaged in protracted negotiations with the US on a framework trade deal that will address the reciprocal tariff challenge faced by Indian exporters.
India and the US are having two parallel negotiations -- one on a framework trade deal to address tariffs and another on a comprehensive trade deal.
In February, leaders of the two countries directed officials to negotiate an agreement.
It was planned to conclude the first tranche of the pact by the fall of 2025. So far, six rounds of negotiations have been held. The agreement aims to more than double bilateral trade to USD 500 billion by 2030, from the current USD 191 billion.
The US remained India's largest trading partner for the fourth consecutive year in 2024-25, with bilateral trade valued at USD 131.84 billion (USD 86.5 billion exports).
The US accounts for about 18 per cent of India's total goods exports, 6.22 per cent of its imports, and 10.73 per cent of its total merchandise trade.
According to exporters, the agreement is important as India's merchandise exports to the US declined for the second consecutive month in October, falling by 8.58 per cent to USD 6.3 billion due to the hefty tariffs imposed by Washington.
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BJP's main agenda is to keep minorities in fear, alleges Stalin
Chennai (PTI): DMK President M K Stalin has alleged that the BJP's main agenda is to keep the minorities in fear, and everyone is aware of what is happening in the states governed by the saffron party.
Stalin further alleged that Muslims continued to be subjected to attacks.
"Now, a situation has arisen where even Christmas could not be celebrated peacefully. Christians are being targeted. The entire country is a witness to what is happening in Manipur. The BJP's plan of action is that a state of insecurity for minorities should spread like a wildfire across the country," he told PTI in an interview.
That was why it first enacted the CAA, and the next was an amendment to the Waqf law, and now it is "desperate" to amend the FCRA, he alleged, and lashed out at AIADMK chief Edappadi K Palaniswami.
"Palaniswami, who supports all these three amendments and has formed an alliance with the BJP, does not have any concern for the welfare of minorities. However, the DMK is always firm in its commitment to ensure that India must always be a secular state; that people belonging to all religions must be equally respected and that the Constitutional safeguards conferred on minorities must be upheld. If any of these is threatened, the DMK will be the first party to raise its voice against it," he said.
Denying that the BJP made the minorities feel insecure, BJP state vice president M Chakravarthy said the chief minister was making the allegation due to the "fear that the Christian and Dalit votes would go to Tamilaga Vettri Kazhagam led by actor-politician Vijay."
He was depicting the BJP as a bogeyman in an attempt to create unnecessary apprehension among the minorities, the BJP leader told PTI.
On FCRA, Chakravarthy asked, "What's wrong with ensuring accountability in the use of funds?"
