India expects the US team to visit the country for the next round of trade talks, though no dates have been finalized yet, an official said this week. The Indian side visited Washington, DC, in April for an in-person round of meetings with their US counterparts to finalise the details of the interim agreement and take forward the negotiations under the broader bilateral trade agreement (BTA).
After the April meeting, both sides have agreed to stay engaged to sustain the momentum ahead for the trade talks.
Last month, officials of the two sides discussed several areas, such as market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade.
India asks US for waiver on Russian oil: Report
India has approached the US seeking an extension of the current waiver that permits certain imports of Russian crude oil, according to a Bloomberg report.
The request comes as the US-Iran conflict continues to rattle global energy markets and raise concerns over fuel supply stability.
The waiver, initially approved by the US in March and later expanded through an authorization valid until May 16, allowed Indian refiners to continue receiving already-loaded Russian cargoes.
According to the Bloomberg report, Indian officials have conveyed to their US counterparts that ensuring uninterrupted energy access remains critical as the conflict in West Asia shows no signs of easing. There has been no official confirmation of the report from either the Indian or the US governments.
