Any discussion on Kashmir, will only be with Pakistan, bilaterally: Jaishankar
Bangkok: External Affairs Minister S Jaishankar on Friday made it clear to his American counterpart Mike Pompeo that any discussion on Kashmir, if at all warranted, will only be with Pakistan and only bilaterally, days after US President Donald Trump offered to mediate on the vexed issue.
Jaishankar is in the Thailand capital to attend a number of conferences, including the ASEAN-India Ministerial Meeting, the 9th East Asia Summit Foreign Ministers' Meeting, the 26th ASEAN Regional Forum and the 10th Mekong Ganga Cooperation Ministerial Meeting.
"Held wide ranging discussions with @SecPompeo on regional issues," Jaishankar tweeted.
"Have conveyed to American counterpart @SecPompeo this morning in clear terms that any discussion on Kashmir, if at all warranted, will only be with Pakistan and only bilaterally," he tweeted.
He met US Secretary of State Pompeo on the sidelines of the second day of 9th East Asia Summit Foreign Ministers meet in Bangkok. This was the first official meeting between the two top officials after President Trump's controversial comments on him offering to mediate between India and Pakistan over the Kashmir issue.
Last month, President Trump offered to be the "mediator" between India and Pakistan on the Kashmir issue when he met Prime Minister Imran Khan for the first time at the White House.
The Indian government, however, dismissed President Trump's astonishing claim that Prime Minister Narendra Modi had asked him to mediate.
Pakistan Prime Minister Khan has said that he is ready and welcomed such a move by the US on the Kashmir issue.
Trump claimed that Modi and he discussed the issue of Kashmir in Osaka, Japan on the sidelines of the G-20 Summit in June, where the Indian prime minister made an offer of a third-party arbitration on Kashmir.
In Parliament, EAM Jaishankar had said that all outstanding issues between India and Pakistan can be discussed only bilaterally and Prime Minister Modi made no request to President Trump to mediate on the Kashmir issue with Pakistan.
"Any engagement with Pakistan will require end to cross border terrorism," he had said, adding Simla and Lahore accords provide the basis for resolution of all issues bilaterally.
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Iran unrest hits basmati rice exports, prices fall sharply as payment delays mount: Industry body
New Delhi (PTI): Civil unrest in Iran has started impacting India's basmati rice exports to the country, leading to a sharp fall in domestic prices, as exporters face payment delays and mounting uncertainties, an industry body said on Tuesday.
The Indian Rice Exporters Federation (IREF) urged exporters to reassess risks on Iranian contracts and adopt secured payment mechanisms, warning against over-leveraging inventories meant for the Iranian market.
India exported USD 468.10 million worth of basmati rice to Iran during April-November of 2025-26 fiscal, totalling 5.99 lakh tonnes, trade data showed.
Iran is India's top basmati rice export destination, but the current financial year has seen growing stress on order flows, payment cycles, and shipment schedules due to the prevailing instability.
The impact is now clearly visible in domestic mandis. Over the past week alone, prices of key basmati varieties have registered a steep decline, reflecting buyer hesitation, delayed contracts and heightened risk perception among exporters.
The domestic price of basmati rice variety 1121 has come down to Rs 80 per kg from Rs 85 per kg last week, while varieties 1509 and 1718 declined to Rs 65 per kg from Rs 70 per kg.
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"Iran has historically been a pillar market for Indian basmati. However, the current internal turmoil has disrupted trade channels, slowed payments and dented buyer confidence," IREF National President Prem Garg said in a statement.
He said exporters must exercise heightened caution, particularly with respect to credit exposure and shipment timelines.
Importers have conveyed their inability to honour existing commitments and remit payments to India, creating uncertainty for exporters, the federation said.
IREF has issued an advisory and appealed to stakeholders to diversify into alternative markets across West Asia, Africa and Europe to cushion any prolonged slowdown in Iran-bound shipments.
"We are not sounding an alarm, but urging prudence. In periods of geopolitical and internal instability, trade is often the first casualty. A calibrated approach is essential to protect both exporters and farmers," Garg noted.
US Tariff Concerns
The federation also addressed concerns over the recent remarks by US President Donald Trump, indicating that countries continuing trade with Iran may face a 25 per cent tariff.
IREF clarified that Indian rice exports to the US are already subject to a 50 per cent tariff, up from 10 per cent earlier.
Despite this, Indian rice exports to the US have remained resilient. India exported 2,40,518 tonnes of Basmati and non-Basmati rice to the US during April-November 2025-26, compared to 2,35,554 tonnes in the entire 2024-25 fiscal.
The US is the 10th largest market for Indian rice globally and the fourth largest for Basmat rice.
"There is limited clarity on whether the proposed 25 per cent tariff would be levied over and above the existing 50 per cent duty," the federation noted, adding that it does not foresee a significant decline in exports even if tariffs rise further, given the unique position of Indian Basmati in global markets.
However, IREF expressed greater concern over developments in Iran, where disruptions in local markets have affected trade settlements. Importers have conveyed their inability to honour commitments and remit payments to India, creating heightened uncertainty.
While similar crises have occurred in the past, the trajectory of the current situation remains unclear and is expected to cause further disturbances in prices, liquidity, and trade sentiment in the weeks ahead, the federation added.
