Latest news with #QuadForeignMinisters'Meeting
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Business Standard
4 days ago
- Business
- Business Standard
India US in active talks on bilateral trade pact, govt tells Parliament
Teams of both India and the US are presently engaged in "active negotiations" on the Bilateral Trade Agreement (BTA), the government informed Parliament on Thursday. In a written response to a query in the Rajya Sabha, Minister of State for External Affairs Kirti Vardhan Singh also said, "Discussions are aimed at adopting an integrated approach to further strengthen and deepen bilateral trade relations, including through enhanced mutual market access, reduction of tariff and non-tariff barriers, and closer integration of supply chains." The Ministry of External Affairs was asked by Shiv Sena (UBT) MP Priyanka Chaturvedi whether the government has taken note of the recent announcement by the US administration regarding the reimposition of tariffs on Indian exports. "On the sidelines of the Quad Foreign Ministers' Meeting held in Washington, DC on 1 July 2025, the External Affairs Minister referred to the Bilateral Trade Agreement (BTA) negotiations that are going on between India and the US," Singh said. Both sides acknowledged the importance of "maintaining positive momentum" in these negotiations and expressed their commitment to an early conclusion of the first tranche of a mutually beneficial, multi-sector BTA, the MoS said. "The trade teams of both countries are presently engaged in active negotiations on the Bilateral Trade Agreement (BTA)," he added. Singh said that on April 2, 2025, the US announced the imposition of additional ad valorem reciprocal duties on 185 countries (including the European Union). As per the order, a 10 per cent tariff was imposed on all countries effective April 5 this year. From April 9, this was to be revised to "country-specific tariffs". "The reciprocal tariff applicable to India was fixed at 26 per cent. Subsequently, a 90-day pause, till 9 July 2025, was authorised with substantially lower reciprocal tariff of 10 per cent. On 7 July 2025, the implementation date for the reciprocal tariffs was further extended from 9 July 2025 to 1 August 2025," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Hindu
4 days ago
- Business
- The Hindu
India, U.S. presently engaged in active negotiations on Bilateral Trade Agreement: Govt in Parliament
Teams of both India and the U.S. are presently engaged in "active negotiations" on the Bilateral Trade Agreement (BTA), the government informed Parliament on Thursday (July 24, 2025). In a written response to a query in the Rajya Sabha, Minister of State for External Affairs Kirti Vardhan Singh also said, "Discussions are aimed at adopting an integrated approach to further strengthen and deepen bilateral trade relations, including through enhanced mutual market access, reduction of tariff and non-tariff barriers, and closer integration of supply chains." The Ministry of External Affairs was asked by Shiv Sena (UBT) MP Priyanka Chaturvedi whether the government has taken note of the recent announcement by the U.S. administration regarding the reimposition of tariffs on Indian exports. "On the sidelines of the Quad Foreign Ministers' Meeting held in Washington, DC on 1 July 2025, the External Affairs Minister referred to the Bilateral Trade Agreement (BTA) negotiations that are going on between India and the U.S.," Mr. Singh said. Both sides acknowledged the importance of "maintaining positive momentum" in these negotiations and expressed their commitment to an early conclusion of the first tranche of a mutually beneficial, multi-sector BTA, the MoS said. "The trade teams of both countries are presently engaged in active negotiations on the Bilateral Trade Agreement (BTA)," he added. Mr. Singh said that on April 2, 2025, the U.S. announced the imposition of additional ad valorem reciprocal duties on 185 countries (including the European Union). As per the order, a 10% tariff was imposed on all countries effective April 5 this year. From April 9, this was to be revised to "country-specific tariffs". "The reciprocal tariff applicable to India was fixed at 26%. Subsequently, a 90-day pause, till 9 July 2025, was authorised with substantially lower reciprocal tariff of 10 per cent. On 7 July 2025, the implementation date for the reciprocal tariffs was further extended from 9 July 2025 to 1 August 2025," he added.
Hans India
16-07-2025
- Business
- Hans India
India's growing importance as digital hub highlighted at Wavelength Forum
New Delhi: India's growing importance as a digital hub was highlighted by the Quad partners, government officials, and industry leaders who participated in the Wavelength Forum in New Delhi on Wednesday to strengthen subsea cable connectivity and resilience across the Indo-Pacific region. Organised under the US Department of State's 'CABLES' programme, the forum highlighted the critical role of subsea cables in supporting the global digital economy and the importance of using trusted vendors for construction, maintenance, and repair. "India accounts for 20 per cent of global internet traffic and needs more subsea cables connected to its shores. More than 70 participants explored strategies to expand India's cable infrastructure, including regulatory reforms, streamlined permitting processes, and enhanced maintenance and repair capacity," read a statement issued by the US Embassy in India. It mentioned that the participants also exchanged views on protecting subsea cable systems from emerging threats, including cyberattacks and sabotage, underscoring the importance of collective action to safeguard global connectivity. "The event also showcased the Quad Partnership for Cable Connectivity and Resilience, reaffirming commitments made during the July 1 Quad Foreign Ministers' Meeting. Related discussions centered on the urgent need for resilient and secure cable networks to meet growing demand driven by 5G, AI, and the Internet of Things," the statement added. Addressing the Forum, US Charge d'Affaires Jorgan Andrews highlighted the importance of cooperation between the United States and India in the sphere. "The Wavelength Forum underscores the strong US-India partnership on regional infrastructure and highlighted the Quad's shared commitment on protecting and expanding trusted partners. Together, we are working to enhance secure connectivity and support innovation and economic growth across the Indo-Pacific region," he stated. As the participants reaffirmed their commitment to building secure, resilient digital ecosystems through continued US-India and Quad partnerships, the forum also celebrated collaboration efforts and progress in advancing shared objectives as outlined in the 2025 Quad Foreign Ministers' Meeting.
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Business Standard
04-07-2025
- Politics
- Business Standard
MEA denies claims of White House rejecting Jaishankar's bid to meet Trump
India on Friday dismissed reports indicating that External Affairs Minister S Jaishankar 's request to meet US President Donald Trump was denied by the White House, calling the allegation 'fake news'. The Ministry of External Affairs (MEA) Fact Check unit, in a post on social media platform X, stated: 'CLAIM: White House denies Indian FM Jaishankar's request to meet Donald Trump due to busy schedule. This is FAKE news. This CLAIM is false.' The rebuttal came in response to a post on X alleging that Trump declined to meet Jaishankar due to scheduling constraints. MEA issues clarification after Jaishankar's US visit The clarification follows Jaishankar's official visit to the United States from June 30 to July 2, at the invitation of US Secretary of State Marco Rubio. During the visit, the External Affairs Minister participated in the Quad Foreign Ministers' Meeting alongside counterparts from the US, Japan, and Australia. Bilateral engagement with top US officials During his visit to the US, Jaishankar held a series of high-level meetings with key American officials, underscoring the growing strategic ties between the two nations. In a separate meeting with US Director of National Intelligence Tulsi Gabbard, Jaishankar said they had a 'good exchange' on the global strategic environment and avenues for strengthening bilateral cooperation. He also met US Energy Secretary Chris Wright and discussed the energy transformation currently underway in India. The two sides explored opportunities to deepen the Indo-US energy partnership. Jaishankar also met US Secretary of Defence Pete Hegseth, with whom he held wide-ranging discussions on enhancing the defence partnership, building on shared interests, capabilities, and responsibilities.
Time of India
03-07-2025
- Politics
- Time of India
Putin Refuses To End Russia-Ukraine War Without Victory In Call With Trump; Says This About Iran…
India Warns Against China's Maritime Aggression, Says A Stable South China Sea Is Vital for Peace External Affairs Minister S. Jaishankar has firmly voiced India's concern over rising tensions in the South China Sea during the Quad Foreign Ministers' Meeting in Washington. He emphasized that the waterway is an "issue of great concern" and of strategic interest for all Quad nations, including India, given its critical role in global trade and maritime security. India joined the US, Japan, and Australia in condemning China's increasing militarization and coercive activities in the region. The joint Quad statement denounced unilateral actions that aim to alter the status quo by force, particularly in disputed areas, including the unsafe use of water cannons and ramming tactics. India reaffirmed its commitment to upholding international law, especially UNCLOS, and maintaining freedom of navigation, overflight, and unimpeded lawful commerce. Jaishankar reiterated that the peace, sovereignty, and territorial integrity of the Indo-Pacific cannot be compromised. India's stand signals a stronger alignment with like-minded nations to deter China's expansionist ambitions. #southchinasea #china #india #indiaquad #jaishankar #quad #chinamaritimetensions #freedomofnavigation #quad2025 #indo pacific #indiausrelations #uncos #chinathreat #toi #toibharat #bharat #trending #breakingnews #indianews 3.4K views | 13 hours ago
