Delhi: The United States of America has demanded India cease purchasing oil from Russia before any India US trade agreement can proceed, according to an Economic Times report.
India has offered to lift certain restrictions on genetically modified corn imports and increase defense product purchases as part of ongoing negotiations. However, the United States maintains that Russian oil imports remain the primary obstacle to finalizing the trade deal.
Commerce Minister Piyush Goyal led an Indian delegation in positive discussions with American officials on various aspects of the potential agreement. Both sides examined possible roadmaps for the deal and decided to continue negotiations to expedite the India US trade agreement.
India US trade talks resume after Trump tariff announcement
American delegates arrived in India on September 16 for the first trade discussions since Trump announced 50 per cent tariffs. The delegations from both countries conducted approximately seven hours of negotiations in New Delhi focused on the trade agreement.
The government issued a statement confirming positive discussions occurred on multiple aspects of trade agreements during the meeting. Both nations aim to establish a mutually beneficial arrangement that will strengthen bilateral trade relations between the countries.
Officials from both sides shared perspectives on potential frameworks for moving forward with negotiations. The talks represented a significant diplomatic engagement following recent tensions over trade policies and international partnerships.
