Washington: Commerce and Industry Minister Piyush Goyal met US Trade Representative Jamieson Greer in New York to negotiate the first tranche of a trade agreement between the two sides, sources say.
Sources also told IANS that the meeting focused on addressing key sticking points, and both sides remain hopeful of reaching an interim understanding soon.
Both India and the US are yet to issue official statements about the latest meeting. The talks come days after US Assistant Trade Representative for South and Central Asia Brendan Lynch held trade talks with India’s chief trade negotiator Rajesh Agrawal in Delhi.
The Indian readout of the meeting said that “positive discussions were held on various aspects of the trade deal, and it was decided to intensify efforts in this regard.”
However, the talks have been overshadowed by the Trump administration’s decision to significantly curtail the H-1B visa program.
US President Donald Trump on Friday signed a proclamation imposing a $100,000 fee for each new application. The proclamation caused immense confusion over the weekend as it seemed to suggest that it would impact the current H-1B visa holders who may face hurdles in returning to the United States.
The White House issued a clarification to IANS on Saturday, saying that this is a “one-time fee” that applies only to new visas and not renewals or current visa holders.
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