
Indian Envoy Kwatra discusses trade, hydrocarbon cooperation with Texas Senator Cornyn
In a post on X, Kwatra expressed gratitude for Cornyn's consistent support for the India-US relationship and highlighted the importance of trade engagement rooted in mutual respect.
"Had a productive discussion with Senator John Cornyn, Co-Chair of India Caucus in the US Senate. Grateful to him for his support to the bilateral relationship. Discussed issues of mutual interest and highlighted the importance of bilateral trade engagement grounded in mutual respect. We also discussed enhancing bilateral cooperation further in hydrocarbons, particularly between Texas and India," Kwatra wrote in his post.
Earlier, Ambassador Kwatra also held a conversation with Congressman Andy Barr, Chairman of the House Subcommittee on Financial Institutions & Monetary Policy and Vice Co-Chair of the India Caucus in the House of Representatives.
"Had a productive conversation today with Congressman Andy Barr, Chairman of House Subcommittee on Financial Institutions & Monetary Policy. We continued our exchange of thoughts on the many possibilities of enhancing US-India bilateral trade & investment partnership. Thankful for his strong leadership and consistent support for the relationship as vice-Co-Chair of India Caucus in the House of Representatives," he stated in a separate post on X.
The engagement comes amid economic concerns over US President Donald Trump's imposition of additional tariffs on India due to New Delhi's purchase of Russian oil.
Meanwhile, the White House on Tuesday (local time) defended Trump's decision to impose steep tariffs on India, with White House Press Secretary Karoline Leavitt stating that Trump doubled tariffs on Indian goods to 50 per cent, citing the need to put secondary pressure on Russia over the Ukraine war.
"Look, the president has put tremendous public pressure to bring this war to a close. He's taken actions, as you've seen, sanctions on India and other actions as well. He's made himself very clear that he wants to see this war end," Leavitt said during her briefing.
Hashtags

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


Times of Oman
3 hours ago
- Times of Oman
India's Jaishankar calls on Russian President Putin
Moscow: External Affairs Minister S Jaishankar on Thursday called on Russian President Vladimir Putin in Moscow. Jaishankar is on a three-day visit to Russia during which he co-chaired the 26th Session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC) and addressed the India-Russia Business Forum meeting in Moscow. Jaishankar also met Russian Foreign Minister Sergey Lavrov and reviewed the bilateral agenda and shared perspective on regional and global issues. India and Russia share a longstanding and time-tested friendship. Addressing queries during joint press conference with Lavrov, Jaishankar referred to the US decision to impose 25 per cent tariffs on Indian goods for purchase of Russian oil, External Affairs Minister S Jaishankar said that China, not India, is the biggest purchaser of Russian oil and EU is the biggest purchaser of LNG and the logic of singling out the country for secondary tariffs in perplexing. He said India also buys oil from the US, and that amount has increased. "We are not the biggest purchasers of Russian oil, that is China. We are not the biggest purchasers of LNG, that is the European Union. We are not the country which has the biggest trade surge with Russia after 2022; I think there are some countries to the South. We are a country where the Americans have said for the last few years that we should do everything to stabilise the world energy market, including buying oil from Russia. Incidentally, we also buy oil from the US, and that amount has increased. So honestly, we are very perplexed at the logic of the argument that you (the media) had referred to..." Jaishankar said, answering a query. US President Donald Trump announced 25 per cent tariffs on Indian goods in July, even as there were hopes of an interim India-US trade deal that would have otherwise helped avoid elevated tariffs. A few days later, he imposed another 25 per cent tariff, taking the total to 50 per cent, citing India's continued imports of Russian oil. Jaishankar said sustaining energy cooperation with Russia through trade and investments is also important. He stressed the need to address the trade imbalance. "We reaffirmed our shared ambition to expand bilateral trade in a balanced and sustainable manner, including by increasing India's exports to Russia. This requires swiftly addressing non-tariff barriers and regulatory impediments, enhancing India's exports to Russia in sectors like agriculture, pharma, and textiles will certainly help correct the imbalance," he said. Jaishankar and Lavrov discussed developments in Ukraine and West Asia and laid thrust on dialogue and diplomacy in resolving conflicts. 'On regional issues, we discussed developments in Ukraine, West Asia, the Middle East and Afghanistan. India's approach continues to emphasise dialogue and diplomacy as essential to resolving differences." Jaishankar said the defence and military cooperation is roboust and Russia supports 'Make in India' goals.


Times of Oman
3 hours ago
- Times of Oman
Japan plans massive $68 billion investment in India during PM Modi's visit
Tokyo: The Japanese government is planning to announce a 10 trillion yen (USD 68 billion) investment target for India during Prime Minister Narendra Modi's visit later this month, Kyodo News reported, citing a government source's statement. The new target, an update of a five-year 5 trillion yen investment goal rolled out in 2022, is intended to further spur investment at a time when the two countries are working closely to promote a "free and open Indo-Pacific" in the face of an assertive China. According to sources, the target may be included in a joint statement following summit talks between Japanese Prime Minister Shigeru Ishiba and Modi. Modi's three-day visit to Japan, starting August 29, will be his first since May 2023, when he attended the Group of Seven summit in Hiroshima, as per Kyodo News. The previous investment target, announced during former Prime Minister Fumio Kishida's visit to India in March 2022, aimed for 5 trillion yen in public and private investment and financing over five years. Both countries' governments are also seeking to agree on a new framework to explore cooperation in economic security, such as for procuring stable supplies of critical goods, the sources said. The framework would designate semiconductors, essential minerals, communications, clean energy, artificial intelligence and pharmaceutical products as key areas for discussion, according to Kyodo News. The two sides are additionally arranging to announce what they call an AI cooperation initiative for the emerging technology and related startups, they said. "We hope promoting cooperation between Japanese companies (and their Indian counterparts) in fields where Indian firms have strengths would contribute to the growth of the Japanese economy," one of the sources said.


Observer
5 hours ago
- Observer
US and EU finalise trade framework, auto tariffs set for reduction
WASHINGTON: The United States and the European Union on Thursday locked in a framework trade deal reached last month that includes a 15% US tariff on most EU imports, including autos, pharmaceuticals, semiconductors, and lumber. In a three and half-page joint statement, the two sides listed the commitments made, including the EU's pledge to eliminate tariffs on all US industrial goods and to provide preferential market access for a wide range of US seafood and agricultural goods. Washington will reduce the current 27.5% US tariffs on cars and car parts once Brussels introduces the legislation needed to enact promised tariff cuts on US goods. A senior administration official said European carmakers could see relief within 'hopefully weeks.' US President Donald Trump and European Commission President Ursula von der Leyen announced the deal on July 27 at Trump's golf course in Turnberry, Scotland. The deal could be expanded over time to cover additional areas and improve market access. The joint statement noted that US tariff relief on autos and auto parts would kick in on the first day of the month in which the EU introduced the legislation. It also said the US agreed to apply only Most Favored Nation tariffs from September 1 on EU aircraft, parts, pharmaceuticals, chemical precursors and unavailable natural resources, including cork. The statement reiterated the EU's intention to procure $750 billion in US LNG, oil, and nuclear energy products, plus an additional $40 billion of US-made AI chips, and to invest an additional $600 billion across US strategic sectors through 2028. Both sides committed to address 'unjustified digital trade barriers,' and the EU agreed not to adopt network usage fees. They also agreed to negotiate rules of origin to ensure benefits accrue predominantly to both trading partners and to cooperate on steel and aluminium market management while securing supply chains. — Reuters