Latest news with #India-USBilateralTradeAgreement
Time of India
3 days ago
- Business
- Time of India
Hoping to put Pak on grey list, India eyes FATF tango with US
NEW DELHI: Foreign secretary Vikram Misri discussed ways to deepen economic and financial ties with the US, including collaboration in international financial institutions and coordination in the upcoming Financial Action Task Force (FATF) processes, during his visit to Washington, said the Indian govt. Tired of too many ads? go ad free now This is important in the context of ongoing efforts by India to get Pakistan back into the global terror watchdog's grey list by flagging its involvement in terror-financing in the FATF meeting in June. Misri discussed the issue with deputy secretary of the treasury Michael Faulkender. Misri's visit to the US was a follow-up to PM Modi's visit to the country on Feb 13 this year, during which both sides launched the India-US COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century. In meetings with deputy secretary of defense Steve Feinberg and under secretary for policy Elbridge Colby, both the sides reaffirmed their commitment to a robust and forward-looking defense partnership. Discussions focused on co-production and co-development initiatives, sustained joint military exercises, logistics and information-sharing frameworks, and enhancing interoperability between the armed forces. At a luncheon meeting with deputy secretary of state Christopher Landau, both sides reviewed the full spectrum of the bilateral agenda. India and the US also reviewed progress on the India-US Bilateral Trade Agreement, cooperation in critical and emerging technologies, and the need to streamline ITAR and export control regulations.
Economic Times
3 days ago
- Business
- Economic Times
India, US to 'coordinate in the upcoming' Financial Action Task Force (FATF) processes
ANI India, US to "coordinate in the upcoming" Financial Action Task Force (FATF) processes Foreign Secretary Vikram Misri engaged in several high-level engagements with senior officials of the US Administration. Misri held talks with Deputy Secretary of the Treasury Michael Faulkender, where they discussed collaboration in the upcoming Financial Action Task Force (FATF) processes. "With Deputy Secretary of the Treasury Financial Action Task Force Financial Action Task Force, the Foreign Secretary discussed ways to deepen economic and financial ties, including collaboration in international financial institutions and coordination in the upcoming Financial Action Task Force (FATF) processes," a statement by the Ministry of External Affairs read. Sources say India will spare no effort to bring Pakistan onto the grey list during the FATF proceedings. The global money laundering and terrorist financing watchdog has been informed about India's intentions. Sources say that India will send a detailed dossier to the FATF, outlining evidence and concerns regarding the involvement of certain entities and individuals in terror financing and money laundering activities. The dossier will highlight India's findings and demand strict scrutiny and action by the FATF under international protocols. Meanwhile, FS Misri held talks for the inter-agency discussions on the India-US COMPACT for the 21st century. — IndianEmbassyUS (@IndianEmbassyUS) "During his visit, Misri held wide-ranging discussions with counterparts across the Department of State, National Security Council, Department of Defense, Department of the Treasury, and the Department of Commerce," the statement also held talks with Deputy Secretary of State Christopher Landau, where they agreed that Tech-Trade-Talent will shape the India-US partnership in the 21st century. — IndianEmbassyUS (@IndianEmbassyUS) — DeputySecState (@DeputySecState) "At a luncheon meeting with Deputy Secretary of State Christopher Landau, both sides reviewed the full spectrum of the bilateral agenda. They underscored that Technology, Trade, and Talent would be the key pillars shaping the India-US partnership in the 21st century," the statement said."In meetings with Deputy Secretary of Defence Steve Feinberg and Under Secretary for Policy Elbridge Colby, both sides reaffirmed their commitment to a robust and forward-looking defence partnership. Discussions focused on co-production and co-development initiatives, sustained joint military exercises, logistics and information-sharing frameworks, and enhancing interoperability between the armed forces," the statement added. — IndianEmbassyUS (@IndianEmbassyUS) Misri also held talks with Under Secretary of Commerce Jeffrey Kessler and reviewed progress on the India-US Bilateral Trade Agreement."In his meeting with Under Secretary of Commerce Jeffrey Kessler, both sides reviewed progress on the India-US Bilateral Trade Agreement, cooperation in critical and emerging technologies, and the need to streamline ITAR and export control regulations. They agreed to convene the next meeting of the India-US Strategic Trade Dialogue at the earliest opportunity," the statement said. "Consistent with the vision outlined in the COMPACT, detailed inter-agency discussions were held on a range of strategic areas including defence cooperation, energy security, TRUST initiative, counter-terrorism, the Indian Ocean Strategic Venture, and collaboration through platforms such as the Quad, I2U2, and IMEEC," the statement added. — IndianEmbassyUS (@IndianEmbassyUS) Misri, along with US Deputy National Security Advisor Pavan Kapoor, also held talks on deepening bilateral collaboration in critical and emerging technologies. Foreign Secretary Vikram Misri visited Washington, DC from May 27-29, 2025, for a series of high-level engagements with senior officials of the US Administration. The visit was a follow-up to the Prime Minister's visit to the United States on February 13, 2025, during which both sides launched the India-US COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century. Deputy National Security Advisor Shri Pavan Kapoor was also part of the Indian delegation.
India Gazette
3 days ago
- Business
- India Gazette
India, US to
Washington DC [US], May 31 (ANI): Foreign Secretary Vikram Misri engaged in several high-level engagements with senior officials of the US Administration. Misri held talks with Deputy Secretary of the Treasury Michael Faulkender, where they discussed collaboration in the upcoming Financial Action Task Force (FATF) processes. 'With Deputy Secretary of the Treasury Financial Action Task Force Financial Action Task Force, the Foreign Secretary discussed ways to deepen economic and financial ties, including collaboration in international financial institutions and coordination in the upcoming Financial Action Task Force (FATF) processes,' a statement by the Ministry of External Affairs read. Sources say India will spare no effort to bring Pakistan onto the grey list during the FATF proceedings. The global money laundering and terrorist financing watchdog has been informed about India's intentions. Sources say that India will send a detailed dossier to the FATF, outlining evidence and concerns regarding the involvement of certain entities and individuals in terror financing and money laundering activities. The dossier will highlight India's findings and demand strict scrutiny and action by the FATF under international protocols. Meanwhile, FS Misri held talks for the inter-agency discussions on the India-US COMPACT for the 21st century. 'During his visit, Misri held wide-ranging discussions with counterparts across the Department of State, National Security Council, Department of Defense, Department of the Treasury, and the Department of Commerce,' the statement said. Misri also held talks with Deputy Secretary of State Christopher Landau, where they agreed that Tech-Trade-Talent will shape the India-US partnership in the 21st century. 'At a luncheon meeting with Deputy Secretary of State Christopher Landau, both sides reviewed the full spectrum of the bilateral agenda. They underscored that Technology, Trade, and Talent would be the key pillars shaping the India-US partnership in the 21st century,' the statement said. 'In meetings with Deputy Secretary of Defence Steve Feinberg and Under Secretary for Policy Elbridge Colby, both sides reaffirmed their commitment to a robust and forward-looking defence partnership. Discussions focused on co-production and co-development initiatives, sustained joint military exercises, logistics and information-sharing frameworks, and enhancing interoperability between the armed forces,' the statement added. Misri also held talks with Under Secretary of Commerce Jeffrey Kessler and reviewed progress on the India-US Bilateral Trade Agreement. 'In his meeting with Under Secretary of Commerce Jeffrey Kessler, both sides reviewed progress on the India-US Bilateral Trade Agreement, cooperation in critical and emerging technologies, and the need to streamline ITAR and export control regulations. They agreed to convene the next meeting of the India-US Strategic Trade Dialogue at the earliest opportunity,' the statement said. 'Consistent with the vision outlined in the COMPACT, detailed inter-agency discussions were held on a range of strategic areas including defence cooperation, energy security, TRUST initiative, counter-terrorism, the Indian Ocean Strategic Venture, and collaboration through platforms such as the Quad, I2U2, and IMEEC,' the statement added. Misri, along with US Deputy National Security Advisor Pavan Kapoor, also held talks on deepening bilateral collaboration in critical and emerging technologies. Foreign Secretary Vikram Misri visited Washington, DC from May 27-29, 2025, for a series of high-level engagements with senior officials of the US Administration. The visit was a follow-up to the Prime Minister's visit to the United States on February 13, 2025, during which both sides launched the India-US COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century. Deputy National Security Advisor Shri Pavan Kapoor was also part of the Indian delegation. (ANI)
Time of India
3 days ago
- Business
- Time of India
India, US to 'coordinate in the upcoming' Financial Action Task Force (FATF) processes
Live Events — IndianEmbassyUS (@IndianEmbassyUS) — IndianEmbassyUS (@IndianEmbassyUS) — DeputySecState (@DeputySecState) — IndianEmbassyUS (@IndianEmbassyUS) — USDPColby (@USDPColby) — IndianEmbassyUS (@IndianEmbassyUS) (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Foreign Secretary Vikram Misri engaged in several high-level engagements with senior officials of the US held talks with Deputy Secretary of the Treasury Michael Faulkender, where they discussed collaboration in the upcoming Financial Action Task Force (FATF) processes."With Deputy Secretary of the Treasury Financial Action Task Force Financial Action Task Force, the Foreign Secretary discussed ways to deepen economic and financial ties, including collaboration in international financial institutions and coordination in the upcoming Financial Action Task Force (FATF) processes," a statement by the Ministry of External Affairs say India will spare no effort to bring Pakistan onto the grey list during the FATF proceedings. The global money laundering and terrorist financing watchdog has been informed about India's intentions. Sources say that India will send a detailed dossier to the FATF, outlining evidence and concerns regarding the involvement of certain entities and individuals in terror financing and money laundering activities. The dossier will highlight India's findings and demand strict scrutiny and action by the FATF under international FS Misri held talks for the inter-agency discussions on the India-US COMPACT for the 21st century."During his visit, Misri held wide-ranging discussions with counterparts across the Department of State, National Security Council, Department of Defense, Department of the Treasury, and the Department of Commerce," the statement also held talks with Deputy Secretary of State Christopher Landau, where they agreed that Tech-Trade-Talent will shape the India-US partnership in the 21st century."At a luncheon meeting with Deputy Secretary of State Christopher Landau, both sides reviewed the full spectrum of the bilateral agenda. They underscored that Technology, Trade, and Talent would be the key pillars shaping the India-US partnership in the 21st century," the statement said."In meetings with Deputy Secretary of Defence Steve Feinberg and Under Secretary for Policy Elbridge Colby, both sides reaffirmed their commitment to a robust and forward-looking defence partnership. Discussions focused on co-production and co-development initiatives, sustained joint military exercises, logistics and information-sharing frameworks, and enhancing interoperability between the armed forces," the statement also held talks with Under Secretary of Commerce Jeffrey Kessler and reviewed progress on the India-US Bilateral Trade Agreement "In his meeting with Under Secretary of Commerce Jeffrey Kessler, both sides reviewed progress on the India-US Bilateral Trade Agreement, cooperation in critical and emerging technologies, and the need to streamline ITAR and export control regulations. They agreed to convene the next meeting of the India-US Strategic Trade Dialogue at the earliest opportunity," the statement said."Consistent with the vision outlined in the COMPACT, detailed inter-agency discussions were held on a range of strategic areas including defence cooperation , energy security, TRUST initiative, counter-terrorism, the Indian Ocean Strategic Venture, and collaboration through platforms such as the Quad, I2U2, and IMEEC," the statement along with US Deputy National Security Advisor Pavan Kapoor , also held talks on deepening bilateral collaboration in critical and emerging Secretary Vikram Misri visited Washington, DC from May 27-29, 2025, for a series of high-level engagements with senior officials of the US Administration. The visit was a follow-up to the Prime Minister's visit to the United States on February 13, 2025, during which both sides launched the India-US COMPACT (Catalysing Opportunities for Military Partnership , Accelerated Commerce & Technology) for the 21st Century. Deputy National Security Advisor Shri Pavan Kapoor was also part of the Indian delegation.
India Gazette
5 days ago
- Business
- India Gazette
Next round of India-US trade negotiations to take place on June 5-6 in New Delhi
New Delhi [India], June 29 (ANI): In a significant development, a US team will visit India on June 5-6 to discuss a Bilateral Trade Agreement (BTA) with India, said government sources. According to the sources, the bilateral trade talks between the two countries are progressing well. India expressed satisfaction on April 29 that the meetings to negotiate a BTA with the United States are making 'positive progress' and termed the discussions 'fruitful.' ANI reported on May 23, through government sources, that India and the United States are poised to sign the first tranche of the much-anticipated Bilateral Trade Agreement (BTA) before July. As part of ongoing discussions on the India-US Bilateral Trade Agreement, representatives of India's Department of Commerce and the Office of the US Trade Representative met in Washington, DC, from April 23-25, 2025. The Ministry further added that the team had fruitful discussions on a wide range of subjects, including tariff and non-tariff matters, during the meetings in Washington, DC. As part of the BTA, leaders of both countries have set a bold new goal for bilateral trade - 'Mission 500' - aiming to more than double total bilateral trade to USD 500 billion by 2030. Going further, sources said that the Indian government is in the process of reviewing the impact of the US court order that struck down the reciprocal trade tariffs announced by President Donald Trump. In this context, Indian think tank organisations have suggested proceeding cautiously. The Global Trade Research Initiative (GTRI) suggested that the country should proceed cautiously in its ongoing Bilateral Trade Agreement (FTA) negotiations with the US. Analysing the impact of the ruling on Trade negotiations, Ajay Srivastava, founder of GTRI, said that India should resist any agreement shaped by threats or based on unlawful measures. The India-US trade deal would mark a significant milestone in economic relations between the two big economies, potentially opening new avenues for bilateral commerce and investment. In 2024-25, for the fourth consecutive year, the US was India's largest trading partner, with bilateral trade valued at USD 131.84 billion. India had a trade surplus of USD 41.18 billion in goods with the US in 2024-25. (ANI)
