Page 2 - Us Trade

India to seek greater market access for mangoes in TPF meet with US on Fri

India will raise a number of issues with the US such as inking social security pact, and greater market access for mangoes in America during the Trade Policy Forum (TPF) meet here on Friday, an official said. The official said India will also raise issues pertaining to delay in visa; increasing exports of table grapes, pharma goods, and marine products like wild caught fish and shrimp; reinstating the Generalized System of Preferences (GSP) status to India; and export control regulations for high-tech products and technologies. The 14th TPF meet will be co-chaired by US Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal here. Social security, or totalisation agreement, is a long-pending demand of the country, as it will provide social security to Indian professionals in America. This would eliminate dual social security deduction, both in the home country and in the nation where an employee works. Under this, an expatriate in either country need not

RoDTEP does not violate WTO principles, India to convince US: Official

The RoDTEP scheme came into effect three years ago to refund the embedded non-creditable central, state, and local levies paid on inputs to exporters

US trade deficit widened less than expected in July, export value up 1.6%

The shortfall in goods and services trade grew to $65 billion from a revised $63.7 billion in the prior month, Commerce Department data showed Wednesday

Jaishankar discusses supply chain resiliency with US trade representative

Jaishankar was also a part of Prime Minister Narendra Modi's delegation at the 15th BRCIS Summit in Johannesburg, South Africa

US suggests EU consider using export controls to target China: Report

The conversations came up as European Union and US officials are negotiating the agenda for their next high-level trade forum in early December.

G20 meet: Ways to strengthen WTO dispute settlement mechanism discussed

The meeting with the USTR is crucial since the conclusion of the 12th WTO ministerial in June, the outcome document had promised to revive the dispute settlement body in the next two years

India-US Trade Policy Forum meeting expected soon, says Piyush Goyal

Asserts Indian exports not impacted by GSP, says India looking to have very contemporary and modern digital laws, while maintaining high levels of data privacy

IP protection: India among most challenging economies, says USTR

India remains one of the most challenging major economies with respect to protection and enforcement of intellectual property, the office of the US Trade Representative said

EAM Jaishankar to meet US Trade Representative Katherine Tai on Tuesday

India's External Affairs Minister S Jaishankar will meet United States Trade Representative (USTR) Katherine Tai on Tuesday

US expands export restrictions for Russia, Belarus: Commerce Dept

The United States expanded export controls on Russia's and Belarus' access to everything on the US commerce control list

US accuses China of failing to meet its free-trade commitments

The United States has accused China of failing to meet its commitments to the World Trade Organisation and says it is exploring new ways to combat aggressive Chinese trade practices.

Amid Covid challenges, 'historic milestones' set in India-US ties: Sandhu

India and the US have achieved some "historic milestones" in their ties, despite the challenges posed by Covid-19, New Delhi's top envoy here has said.

Buoyed by recent surge, some strategists see Bitcoin at $100k by 2021-end

This week's move to near $67,000 has traders watching to see how the landscape shifts, now that the first US Bitcoin futures exchange-traded funds are in play

Pak-American legal expert Lina Khan becomes US Federal Trade Commissioner

Lina Khan becomes the youngest person ever to head the top independent agency tasked with the enforcement of civil antitrust law and promotion of consumer protection.

Coffee chain Starbucks applies for naming rights with US trademark office

In a June 2 application, the coffee chain sought approval to use its name in "providing stadium and training facilities for sports and entertainment activities"

US trade deficit dips to $68.9 billion amid improving global economy

The improving economic situation overseas drove up demand for American goods while domestic demand for imports slowed.

US sets and suspends tariffs on six countries over digital taxes

The US Trade Representative's office said it had approved the threatened tariffs on goods from Britain, Italy, Spain, Turkey, India and Austria

Jaishankar welcomes USTR Katherine Tai's positive stance on IPR issues

External Affairs Minister S Jaishankar on Thursday welcomed the positive stance of US Trade Representative Katherine Tai on issues related to intellectual property rights of COVID-19 vaccines and her support for efficient and robust supply chains. Jaishankar, 66, on Thursday had a meeting with Tai to discuss a wide range of bilateral trade issues. The minister described it as good discussions. "Welcomed her positive stance on IPR issues & support for efficient and robust supply chains," he said in a tweet after the meeting. Early this month, Tai, after consultations with various stakeholders, had announced support to the move of India and South Africa to waive certain IP aspects of COVID-19 vaccines at the World Trade Organization (WTO). This step is likely to help in a big way in the fight against the pandemic. "Our trade, technology and business cooperation are at the core of our strategic partnership. Enhancing them is vital to post-Covid economic recovery," Jaishankar said in .

US house introduces sweeping new bill 'Eagle Act' to counter China

A top US Congressman has introduced new legislation named the "Ensuring American Global Leadership and Engagement" or Eagle Act, that aims to counter the policy challenges posed by China

US trade deficit jumps 4.8% to record $71.1 billion in February

The US trade deficit grew to a record USD 71.1 billion in February as a decline in exports more than offset a slight dip in imports.