The United States negotiators have canceled a visit scheduled for New Delhi from August 25 to 29, delaying progress on a bilateral commercial convention project, NDTV reported on Saturday.
The visit of a series of negotiations for the proposed bilateral trade agreement will most likely be reprogrammed, according to the Indian media report, citing sources, adding that the two parties remain in contact, but a new talks calendar has not yet been finalized.
This development intervened after US President Donald Trump reached 25% tariffs on India in July and threatened to make them sure that Indian imports by Russian oil purchases by the country.
The next series of talks was eagerly awaited, since it was scheduled around August 27, at that time that the taxation of the 25% additional secondary sanctions on India must take place, added the report.
The deadline for falling September-October for the finalization of the first tranche of the bilateral trade agreement between India and the United States seems uncertain.
Thursday, senior government officials said that India remained “fully engaged” with Washington on the proposed trade agreement, talks continuing on several levels, official negotiation teams with ministerial, diplomatic channels and industry interactions.
Describing the United States as a “very important trading partner”, the officials said that the clarity of the next series of talks – scheduled for August 25 in New Delhi – would be closer to the date, while reaffirming the agreed fall calendar.
India said two days ago that it hoped that relations with the United States would advance according to mutual respect and shared interests, seeking to temper the concerns that links were heading down following high prices imposed by Washington.
New Delhi accused the United States of standard states to distinguish it for imports of Russian oil and qualified unjust, unjustified and unreasonable prices.
