
NSA Doval meets Chinese FM Wang Yi in Beijing, stresses on need to counter terrorism
An Indian readout said that that NSA Doval is visiting China to attend the 20th Meeting of the SCO Security Council Secretaries.
During the meeting between NSA Doval and Wang Yi, Member, Political Bureau of the Central Committee of the Communist Party of China (CPC) and Minister of Foreign Affairs, 'both sides reviewed recent developments in India-China bilateral relations and underscored the need to promote the overall development of the India-China bilateral relations, including by fostering greater people to people ties.
'NSA also emphasized the need to counter terrorism in all its forms and manifestations to maintain overall peace and stability in the region.
'Views were also exchanged on other bilateral, regional and global issues of mutual interest.
'NSA noted that he looked forward to meeting with Mr. Wang Yi in India at a mutually convenient date for the 24th round of the Special Representative (SR) Talks.'
A Chinese readout of the meeting said:
'Wang said that China-India relations have made some positive progress. It is essential that both sides further enhance communication, build mutual trust, and work toward resolving practical issues.
'Only when the dragon and elephant dance together can there be a win-win outcome. China and India should properly handle sensitive issues and maintain peace and tranquility in the border regions.
'Doval said that India is willing to strengthen collaboration with China in multilateral fields and fully supports China's role as the rotating presidency of the Shanghai Cooperation Organization in hosting a successful summit.
'As two major Asian nations, India and China can make even greater contributions to the international community.'
UNI RN
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
26 minutes ago
- Indian Express
Textile industry seeks short term cash flow support to ease US tariff pain
The labour intensive-textile industry has asked the government for immediate cash support and moratorium on repayment of loans to endure the shock of steep 50 per cent US tariffs that could lead to job losses in industry. The industry during a key meeting at the Ministry of Textiles on Tuesday also sought a fast-tracking of free trade agreement (FTA) negotiations with the EU that could act as a cushion for losses in the US market. 'The industry is seeking support from the government to at least absorb 20-25 per cent tariffs hit from the US so that they can retain the market share as US buyers have stopped placing fresh orders and are asking the Indian exporters to absorb the tariffs,' a source told The Indian Express The apparel manufacturers have asked for faster implementation of the UK deal and fast tracking of EU trade deal that could ease the pain of US tariffs in the medium term, the source said. 'The manufacturers have pitched for re-introduction of Interest Equalization scheme and a focused textile market scheme,' the person quoted above said. The meeting, chaired by Union Textiles Minister Giriraj Singh, was called to discuss the challenges being faced by exporters in their order flows, especially amid the widening tariff differentials with other competing Asian countries after the recent imposition of secondary tariffs by the US on India. The Ministry of Textiles said in a statement that it has announced the constitution of four committees, comprising industry representatives, to submit time-bound recommendations on fiscal and ease-of-doing-business measures, structural reforms in the textile value chain, enhancing cost competitiveness and innovation, and achieving a target of $100 billion in exports by 2030. With the US being India's largest export market for the labour-intensive textile and apparel industry, textile exporters are under stress after the hike in import tariff to 25 per cent from August 7 by the Trump administration, which is set to rise further to 50 per cent on August 27. Textile and apparel exporters have been asking for support from the government as their orders have been hit with buyers either asking them to share the tariff hike burden or pausing the orders till further clarity emerges about the trade deal negotiations between India and the US. One of the major concerns raised by textile and apparel exporters in their representations to the government has been about a disruption in their cash flow with a reduction in orders by buyers from the US, officials said. 'Exporters are asking for sops. They are asking for soft loans or interest subvention schemes or focused market schemes. Their concern is that they should get cash in hand,' an official told The Indian Express. Exporters are hoping that the tariff hike is temporary and they are able to retain the orders as buyers are already shifting to other countries with lower tariffs such as Vietnam and Bangladesh, with India's 25 per cent reciprocal tariff exceeding those applicable to other competing Asian countries, except China. If the higher levies continue, there's also a worry in policy circles that the distress in the textiles and apparels sector could result in job losses. The government is engaging continuously with exporters to understand the evolving situation. 'Exporters have been communicating their issues. The government is taking their feedback and will provide the necessary support to them,' another official said. The Ministry of Finance has estimated that more than half of the country's merchandise exports to the US will be subject to the higher reciprocal tariff. The US is a key market for Indian Ready-Made Garments (RMG) exports; its share in India's total garment exports in 2024 stood at 33 per cent, as per the Apparel Export Promotion Council (AEPC). Home textiles and carpets are also significant export-oriented sectors, with exports accounting for 70-75 per cent and 65-70 per cent of total sales, respectively, for these sectors. Of this, the US accounts for 60 per cent of exports for home textiles and 50 per cent of exports for carpets. US President Donald Trump had announced a 25 per cent tariff on Indian goods in a post on social media platform Truth Social on July 30, with an additional but unspecified 'penalty' for importing energy and defence items from Russia. On August 6, the penalty was clarified to be an additional 25 per cent tariff that will be effective from August 27.


NDTV
26 minutes ago
- NDTV
They Lack 'Expertise' In Handling India: Expert On US' Op Sindoor Response
The way the US treated India at the end of Operation Sindoor shows a lack of expertise on their part in terms of understanding how to act towards India, Max Abrahms, an international security professor and author on terrorist dynamics said. In an interview with ANI, Abrahms said that India does not feel respected by the US in its treatment, "Pakistan became very vocally supportive of the US role and recommended a Nobel Prize for Trump, whereas India really chipped at the level of US involvement and especially Trump claiming so much credit for the course of the short war." He explained how even though India is the largest democracy in the world, with the largest population and will soon be the third largest economy, the Trump administration does not regard India as a "fully independent country on the world stage". He also said that because of how the US is treating India, it seems like it does not fully appreciate its contributions. "I cannot really say with any level of confidence exactly what the Trump administration's role was", Abrahms said regarding Trump's claim of being involved in stopping the conflict between the two South-Asian nations. He stated that India-US relations are dependent on the US-Russia meeting, as Russian oil is the major bone of contention between US and India, adding, "We need to be a little bit patient in terms of the meetings between Trump and Putin". Highlighting how important it is for the US to mend its relations in the Indo-Pacific in order to control China, he said, "But you know the China threat isn't going away and the United States, especially under this administration, sees China as a threat that needs to be contained. And that is going to require the US to mend relations with allies in the Indo-Pacific region", adding that this aspect makes him "optimistic" about moving forward. He pointed out that the US cannot become isolated or have asymmetrical trade relations with other countries as we live in a globalised world. He said, "If something's bad for the Indian economy, it's also not good for the US economy" and noted that it is in the US interest for the Indian economy to grow. Warning about how "dangerous" Trump's 'America First' policy is, he said, "That's a dangerous path to go down. It can have not just a negative effect on the financial system, but also in terms of military ties."
&w=3840&q=100)

Business Standard
26 minutes ago
- Business Standard
Nvidia, AMD China revenue deal could be model for others, says Bessent
Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the US government a 15 per cent cut of the related revenue, could serve as a model for others. 'I think we could see it in other industries over time,' Bessent said Wednesday in a television interview on Bloomberg Surveillance. 'Right now, this is unique, but now that we have the model and the beta test, why not expand it?' Bessent credited President Donald Trump with the 'very unique solution' of allowing Nvidia to expand in China and become a bellwether for Chinese technology, with the US taxpayer getting 'a share of' the reward. The revenue the Treasury receives from the arrangement will go to pay down debt, he said. 'If we could make a substantial debt' repayment, that would then allow for discussions about a program of sending money to taxpayers, he also said. Asked about reporting that China is urging its companies to avoid the Nvidia H20 processors now allowed for its market, Bessent said 'sure, we can discuss that' with the Chinese. 'But it also tells me that they are worried about the Nvidia chips becoming the standard in China.' China Talks On Tuesday, Bessent said that he'd be meeting again with his Chinese counterparts 'within the next two or three months,' speaking on Fox Business. He dismissed the possibility of China emulating other US trading partners in winning tariff relief in return for boosting investments in the US. When asked if China could make pledges worth billions of dollars like Japan, South Korea and the EU have as part of their trade agreements, Bessent said 'my sense is no because a lot of the buyout or the funds from the buyout are going to go to critical industries that we need to reshore and a lot of those need to be reshored away from China.' Whether the industry was semiconductors, rare-earth magnets, pharmaceuticals or steel, 'my sense is that isn't what will happen,' Bessent said in an interview with Fox Business on Tuesday. Tech and AI have been among the most high profile of areas of competition between the world's two biggest economies. President Donald Trump has extended a pause of higher tariffs on Chinese goods for another 90 days into early November, a move that stabilized trade ties between the world's two largest economies while they try to forge an agreement. Chinese companies in sectors such as electric vehicles have opened factories abroad to access new markets, a move that could also help them skirt US tariffs. He also indicated that Washington wanted to see measures from China over an extended period to stem the flow of chemicals used to make fentanyl before lowering duties Trump put in place over the issue. 'We will need to see months, if not quarters, if not a year, of progress on that before I could imagine those tariffs coming down,' he said.