New Delhi: Commerce and trade minister Piyush Goyal and US Commerce Consultant Jamieson Greer on Friday mentioned subsequent steps in negotiations for a proposed bilateral commerce settlement on the sidelines of the 14th ministerial convention of the World Commerce Group in Yaounde, Cameroon.

Goyal additionally met his Chinese language counterpart Wang Wentao.

This was their first in-person assembly for the reason that US Supreme Courtroom on February 20 struck down reciprocal tariffs imposed beneath the Worldwide Emergency Financial Powers Act (IEEPA).

The US subsequently imposed a ten% tariff on all nations for 150 days from February 24.

“Had a really productive dialogue with @USTradeRep Jamieson Greer on the sidelines of the WTO Ministerial Convention. Exchanged views on the #WTOMC14 agenda, subsequent steps within the India-US BTA negotiations and explored methods to additional deepen our financial cooperation and bilateral commerce ties,” Goyal mentioned on X.

The 2 sides had introduced a commerce deal on February 2, with a goal to signal it by March. In a joint assertion on February 7, the US withdrew a 25% penal tariff on India for getting Russian oil, with the remaining 25% tariffs to be lowered to 18%.
Goyal mentioned bilateral commerce points along with his Chinese language counterpart. “Met Mr. Wang Wentao, Minister of Commerce of China, on the sidelines of the #WTOMC14. Exchanged views on the MC-14 agenda and mentioned bilateral commerce issues,” Goyal mentioned in a social media publish.The assembly comes as India’s commerce deficit with China crossed $100 billion throughout the first 11 months of the present fiscal yr.