India, U.S. to engage regularly to resolve trade issues, says government

Reuters | May 06, 2019

India and the United States will engage regularly to resolve outstanding trade issues, the Indian government said, after U.S. Commerce Secretary Wilbur Ross met his Indian counterpart Suresh Prabhu on Monday. India and the United States are locked in disputes over tariffs, price caps India has imposed on imported U.S. medical devices and over rules banning companies from selling products via firms in which they have an equity interest. “Both sides agreed to engage regularly at various levels   to resolve outstanding trade issues by exploring suitable solutions, which are mutually beneficial,” the government said in the statement. U.S. Commerce Secretary Wilbur Ross had said earlier on Monday he planned to discuss India’s new e-commerce rules that could have an impact on operations of firms such as Amazon and Walmart with his Indian counterpart on Monday.

Spotlight

Revenues received by the federal government in 2017 totaled $3.3 trillion, of which $1.6 trillion was receipts of individual income taxes.

Spotlight

Revenues received by the federal government in 2017 totaled $3.3 trillion, of which $1.6 trillion was receipts of individual income taxes.

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