North India Statesman
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News India Live, Digital Desk: Commerce Secretary Howard Lutenik has said that the trade agreement between India and the US should be expected to be in a ‘far -fetched future’, as both countries have found a suitable place for themselves.
Lutenik here on Monday In his main speech in the eighth edition of the US-India Strategic Partnership Forum (USISPF) Leadership Summit, “So the idea is that when he kept the right person and India kept the right person on the other side of the table, I think we are in a very good position.”
Regarding the trade agreement between India and the United States, Lutnik said, “And you should expect an agreement between the US and India in the near future because I think we have found a place that actually works for the two countries.” “I would say that it is very optimistic.” Looking at the high tariff imposed by India, Lutnik said that President Donald Trump is ready to question it immediately.
“Now the President is ready to say this directly, which means that India is very conservationist in terms of tariff. He has 100 percent tariff on it, and has 100 percent tariff on it too. And if you ask them why, why, the answer will be, ‘I don’t know why it is just’.” Lutennik said that the idea of really looking at those things, thinking about them and bringing them to a level that is appropriate and appropriate “so that we can become great business partners with each other, I think it is completely under consideration and it is not stressful” and both sides are now working to make it a proper trading relationship “. On the trade agreement with India, he further said that “earlier countries get a better deal. This is the way.” He said that India is trying his best to become one of the earlier countries, “which I appreciate. But such deals used to take place in two or three years, and we are trying to complete them in a month, which is not a normal DNA of business relations between countries.” But what I want to achieve is that we want to reach the market. We want our businesses to have proper access to the markets of India. Now, all this is not going to happen, and it is not going to happen everywhere, but we want the trade deficit to be reduced, ”he said.
Lutenik said that in return, India would like some major markets, and would like to ensure that it has a special access to the American market.
“And that’s why this is an agreement. If I say, ‘See, I will behave with you a lot of kindness with you, and you reduce your tariffs and reach us the market and let us find the appropriate place in the middle”. Underlining the importance of being the right person on the other side for the conversation, Lutnik said that “if he keeps a general business minister, it will be an endless conversation and no result will come out because they are accustomed to say,” This kind of deal will take three years, we will complete it in two years “, and it is not really fun for me.” Regarding his idea about the approach to Indo-US relations, Lutnik said that it is “unusual” that President Donald Trump is the only person in the administration selected by the United States and Prime Minister Narendra Modi is elected by the people in India.
He said, “If you think about the world, then how many other leaders are really chosen by their country,” he further said that it is “very, very rare.” “So this relationship is very unique because it is rare… and so their relationship is very strong and very positive. And so it gives me an easy way to do business talks, because we start with a very positive place.” Although Lutnik said that India did some things, such as buying military equipment from Russia that “the United States of the United States”, but the Indian government is addressing issues “especially and directly”. “The Indian economy is extraordinary, your human capital capacity is amazing, your growth rate is amazing. But, you know, there were some things that the Government of India did that usually used to annoy the United States,” Lutnik said.
He said, “For example, you usually buy your military equipment from Russia. If you buy your weapons from Russia, this is a way to harass America. So I think India is moving towards buying military equipment from America, which leads a long way.”
Lutnik also gave an example of India’s BRICS group (Brazil, Russia, India, China and South Africa).
On the demand for BRICS to create his currency, he said, “Being a part of BRICS means, ‘Oh, do not support dollars and dollars’ supremacy’. This is not really the way to make people friends in America and influence.”
India has re -confirmed its association with BRICS, as well as clarifying that it is not part of any initiative to weaken the US dollar.
“So, you know, the President has spoken directly and especially on it and the Government of India is addressing it especially and directly and thus you actually move forward in a positive position – keep it on the table, address it directly, address it directly, and really get into a good position. And I think we are here,” Lutein said.
