New Delhi [India], September 5 (ANI): India continues to stay engaged with the US aspect on commerce points, the Ministry of External Affairs mentioned on Friday, whereas noting that the connection between the 2 international locations is anchored in shared pursuits, democratic values and sturdy people-to-people ties.
Answering questions throughout weekly press convention, MEA spokesperson Randhir Jaiswal mentioned the partnership between India and the US has weathered a number of transitions and challenges.
Answering queries concerning the subsequent Quad Summit, which is to be hosted by India, Jaiswal mentioned the grouping is a precious discussion board for dialogue among the many 4 member international locations on shared pursuits on a number of points.
Apart from India, the Quad consists of Australia, Japan and the United States.
‘We proceed to stay engaged with the US aspect on commerce points… We see the Quad as a precious discussion board for dialogue among the many 4 member international locations on shared pursuits on a number of points. The leaders’ summit is scheduled by means of diplomatic consultations among the many member international locations,’ the MEA spokesperson mentioned.
US has imposed 50 per cent tariffs on Indian items, together with 25 per cent penalty for importing Russian oil. India and the US have been speaking for a mutually helpful Bilateral Trade Agreement (BTA).
Jaiswal didn’t reply to queries on US President Donald Trump’s newest submit on social media through which he had talked about India, China and Russia.
‘I’ve no feedback to supply on this submit right now,’ Jaiswal mentioned.
‘Looks like we have misplaced India and Russia to deepest, darkest China. May they’ve a protracted and affluent future collectively!’ Trump mentioned in a submit on X.
The authorities had earlier mentioned that India’s ties with any nation stand on their very own benefit and shouldn’t be considered by means of the prism of a 3rd nation.
The MEA spokesperson described White House Trade Adviser Peter Navarro’s current remarks regarding India as ‘inaccurate and deceptive’.
‘We have seen the incorrect and deceptive statements made by Mr. Navarro and clearly we reject them. We have additionally spoken about it earlier. This relationship between the United States and India is essential for us. Both our international locations share a complete world strategic partnership, which is anchored in our shared pursuits, democratic values and sturdy people-to-people ties. This partnership has weathered a number of transitions and challenges,’ he mentioned, answering a question.
‘We stay centered on the substantive agenda that our two international locations have dedicated to, and we hope that the connection will proceed to maneuver ahead primarily based on mutual respect and shared pursuits. As you’d have seen, I might draw your consideration to a joint navy train that’s underway in Alaska. A number of days in the past, there was a 2+2 inter-sessional assembly… Talks between each international locations is happening and we’re dedicated to strengthening our partnership,’ he added.
Jaiswal’s remarks on India persevering with to stay engaged with the US aspect on commerce points come a day after Commerce and Industry Minister Piyush Goyal mentioned that negotiations are underway with the United States.
He mentioned there is no such thing as a have to ‘panic’ as India and the US will come to an equitable, balanced and honest settlement.
In an interview with ANI on Thursday, Piyush Goyal assured that India and the US proceed to have good relations.
‘I don’t assume there may be any have to panic. We ought to enable the negotiations to occur. We proceed to have good relations with the United States, and I’m certain we will resolve a few of these points and are available to an equitable, balanced and honest settlement.’
When requested concerning the timeline of the negotiations, he mentioned, ‘There is rarely a timeline in negotiations. You ought to do it patiently, as you might be doing it for the long run.’
Trump introduced 25 per cent tariffs on Indian items in July and later imposed 25 per cent penalty for import of Russian oil.
The 50 per cent tariffs imposed by the US on Indian items got here into impact on September 27. The US President imposed 25 per cent tariffs on India final month amid commerce talks between two international locations after which imposed an extra 25 per cent on India as penalty for purchasing oil from Russia.
Following the US resolution, Ministry of External Affairs had mentioned that ‘concentrating on of India is unjustified and unreasonable’ and like all main economic system, India will take all essential measures to safeguard its nationwide pursuits and financial safety.
The MEA assertion issued final month famous that the European Union in 2024 had a bilateral commerce of Euro 67.5 billion in items with Russia. In addition, it had commerce in providers estimated at Euro 17.2 billion in 2023. This is considerably greater than India’s complete commerce with Russia that 12 months or subsequently. European imports of LNG in 2024, in reality, reached a report 16.5mn tonnes, surpassing the final report of 15.21mn tonnes in 2022.
It mentioned Europe-Russia commerce consists of not simply power, but in addition fertilizers, mining merchandise, chemical substances, iron and metal and equipment and transport tools.
Where the United States is anxious, it continues to import from Russia uranium hexafluoride for its nuclear trade, palladium for its EV trade, fertilizers in addition to chemical substances, the MEA assertion mentioned.
Answering a question regarding Ukraine battle, Jaiswal mentioned we welcome all of the current efforts in the direction of establishing peace. Russia and Ukraine have been engaged in battle since February 2022.
‘As far because the Ukraine battle is anxious, we welcome all of the current efforts in the direction of establishing peace in Ukraine. We hope that every one events will proceed constructively. India helps an early finish to the battle and the institution of putting up with peace,’ he mentioned. (ANI)