India-Canada Likely To Resume High Level Trade Talks At WTO: Report | Oneindia News
Video Credit: Oneindia - Duration: 02:10s - Published
India-Canada Likely To Resume High Level Trade Talks At WTO: Report | Oneindia News
Mary Ng, Canada's Minister of Export Promotion, International Trade, and Economic Development, plans to engage with Indian Minister Piyush Goyal during the WTO ministerial meet in Abu Dhabi.
Discussions on the Early Progress Trade Agreement (EPTA) have stalled since August.
Despite setbacks, Ng expresses optimism, highlighting ongoing trade-related engagements between Canadian and Indian officials to strengthen bilateral relations.
Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But both sides called the discussions constructive, raising expectations for a deal. The WTO praised the talks as a "significant step forward," while U.S. futures, oil, and the dollar all climbed on optimism of easing tensions.
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President Donald Trump has reignited global trade tension by declaring that the U.S. can âdo whatever we wantâ as the July 8 deadline on reciprocal tariffs approaches. The 90-day pause on steep U.S. import dutiesâaffecting several nationsâis set to expire soon, with Trump refusing to confirm adherence to any deadline. While the EU faces a 50% tariff threat by July 9, Trump hinted flexibility, echoing his stance that America will act in its best interest. Amidst this uncertainty, Trump teased a âvery bigâ trade deal with India, stating the U.S. has finalized partial deals with China and the UK and is working on opening Indiaâs trade structure. Commerce Secretary Howard Lutnick and Indian Minister Piyush Goyal have confirmed negotiations are progressing. Trump suggested letters may soon be sent to over 200 nations outlining revised U.S. trade terms. The trade battlefield is heating up againâwith Trump in full control.
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U.S. President Donald Trump concluded his four-day Middle East tour with a visit to the Abrahamic Family House in Abu Dhabi, United Arab Emirates, marking the final stop of his diplomatic journey through Saudi Arabia, Qatar, and the UAE. This visit underscores his ongoing commitment to fostering interfaith dialogue and promoting peace in the region
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U.S. President Donald Trump ended his Middle East tour in Abu Dhabi, where UAEâs Zayed Al-Nahyan gifted him a symbolic âdrop of oil.â Trump joked he was ânot thrilled,â saying he wanted more of âthe highest quality oil on the planet.â He met business leaders, toured the Abrahamic Family House with Sheikh Nahyan bin Mubarak, and delivered a unity message. Calling UAE leadership âtremendous,â Trump praised U.S.âUAE ties before confirming his return to Washington, D.C.
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