x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Dr Andrabi welcomes first batch of Amarnath Ji Yatris | Adopt zero tolerance approach towards illegal mining in J&K: Dy CM to Officers | Transport Commissioner inspects driving test centre, RTO office Srinagar | Freight unloading at NFR holds steady growth during the month of June 2025 | Sadhotra seeks probe into non-utilization of bunker construction funds in border areas | Javed Rana, Javid Dar review irrigation scenario in JK | Illegal timber transportation foiled; truck seized | NIPCCD renamed as Savitribai Phule National Institute of Women, Child Development | Nominations for Padma Awards-2026 open till 31st July, 2025 | Extensive studies by ICMR, AIIMS on sudden deaths establish no linkage between COVID-19 vaccines | Cyber Cell solves online frauds, recovers money | Encounter breaks out between terrorists, security forces in Kishtwar | DB stays writ Court order to Repatriate 63-Year-Old Woman Deported to Pakistan | CCI president calls on LG Sinha | Amarnath ji pilgrims accorded rousing reception at Udhampur | SBSP president Vivek Bali welcomes first batch of Amarnath Yatra pilgrims | DC Poonch visits Gurudwara Deri Sahib Khari | ELI Scheme will be Game-Changer for Youth Employment & Economic Growth in country: Kavinder | ADC Bhaderwah reviews functioning of Tehsil Library | District Administration Ramban welcomes first batch of Shri Amarnath Ji Yatra-2025 Pilgrims | Apni Party's deputation submits memorandum to DC Jammu | Dr Javid Iqbal honoured with two awards on Doctors' Day at GMC Rajouri | Police apprehends man with sharp-edged weapon | COAS visits Bhutan to strengthen bilateral defence cooperation | Suresh Sharma inspects roads in Maira Mandrian, ensures Monsoon readiness | Induction Training for newly promoted L/A-Headmasters inaugurated at Polytechnic College, Jammu | Udhampur police recovers Rs 1.13 lakh in 7 different cyber fraud cases | Special facilities arranged for Amarnath passengers by Railway Administration | Doda police traced out 2 missing ladies and re-united with families | SMVDU NCC Cadet participated in Special National Integration Camp | LPU Launched RCI-Approved M.A. Clinical Psychology Programme | 'Dr Vinod Kumar Sharma's Famous Poems' Released at MCM | Preparation for classical chess requires a lot of effort: Praggnanandhaa | Asian champion 100m hurdler Yarraji suffers injury, in big blow to World C'ships hopes | Sudhanshu Mittal re-elected as KKFI chief | IIM Signs MoU with Sheffield University Management School | Temple of learning ? | "The Power of Pen" | Your Dream Doesn’t Have an Expiry Date | In today’s digital age, Screen dominate Simple ways Parents can get kids off Screen and back into Real Books | Underground Hospital | Kashmir Muslims greet yatris to strengthen brotherhood | All officers on ground to ensure peaceful yatra: DGP Prabhat | ONGC sets up Yatri Niwas and Disaster Management Complex at Baltal | Kashmir traders pin hopes on Yatra for tourism revival | CRPF deploys women ‘May I Help You’ Teams, Mountain Rescue Units’ | Amarnath pilgrims laud ‘Operation Sindoor’ | Special arrangements at Jammu Railway Station | J&K Police establish helpline for terrorism victims | 5 springs sealed in Rajouri | Back Issues  
 
news details
Negotiating a Trade Deal with America
Omkar Dattatray12/10/2019 10:14:28 PM
In today's world of globalization and free trade, no country of the world can remain in isolation if it wants economic, social, scientific, cultural and technological development and what not. With this in view India in the year 1991 opened up its economy to foreign multinationals and it made great strides in economic and industrial as well as cultural development. Protectionism is not needed while free trade is the modern mantra and thus there is no place for trade wars with other countries and more so with US. India should ink a trade deal with America as it has a great potential for the development of the country. A trade deal with US will benefit India more than America and as such we should conclude a trade deal with US .But at the same time we should not compromise our vital economic interests while making a trade deal with America. During PM Modi's September visit to America, US president Donald Trump made a sudden appearance at Howdey Modi event in Houston and it was expected that the two world leaders and heads of governments will conclude a trade deal but it was not so and the deal could not take place. However the two countries did not lose hope and in the subsequent visits there was a hope that the two countries will be nearer to a trade deal but it did not happen. It is not good and also not in the interest of the two countries that they did not close a trade deal. In mid-November India's commerce minister Piyush Goyal visited Washington and had talks with the trade representatives of US but the trade deal could not finalize thanks to the rigid stand of the parties concerned. After this US trade delegation visited India and held discussions with Indian leaders and t it was seen as a possibility of trade deal and there were reports that there will be a big breakthrough in their talks and something positive will come out of the trade talks but this meeting also did not produce the required results.
When there is economic slowdown in the world economies a trade deal with US could give a good message to the world and investment will get a boost .It is pertinent to note that since India opened up its economy, the India -US bilateral trade has grown at a great speed .The trade in goods increased from dollar 5 billionin 1991 to nearly dollar 88 billion last year. In fact India was America's 9 th largest goods export market but it does not mean that there are no differences between the trading partners. US always voiced its concern on lack of adequate market accesses and protection of America's intellectual property rights in India. These concerns have never become a wedge in the trade deal between the two countries except during presidential elections. President Bush had imposed tariff's on Indian steal to attract voters ahead of the elections and Trumph has said that he believes that trade wars are good for US economy. The fact is that US is locked in a trade war with China ,Mexico and Canada. It has opened new trade fronts with other countries including India. In the mid of the year US administration intensed the trade dispute with India. It ended the Indian participation in generalized system of preferences which was a big favor to India and against it India raised tariff on 28 US goods but this trade war is not in the interests of the two countries especially India and thus the two countries should sit and remove the hurdles to free trade. The trade war is more against the interests of the Indian economy and all efforts should be made to ink a trade deal. But the talks are continuing and there are talks on tariff concessions on dozens of fruit and nut products and are clause to a deal on medical items. Inspite of this a measure challenge remains so for as the agricultural products are concerned. India should be flexible on its part and budge an inch or two for the sake of the trade deal with US as it will help India to a great extant and all that one can say is that trade wars are not in the interests of the countries and more so in the interest of India and therefore we should negotiate a trade deal with US at an earliest.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU