India had a trade surplus of $20 billion in 2016-17 with exports of over $42 billion to the US during the same financial year. Photo: HTNew Delhi: India and the US will hold their first high-level engagement on trade after President Donald Trump took charge, with back-to-back minister-level talks on Thursday and Friday in Washington. At present, inspectors from the US visit India and clear the mango consignments which increases cost for our exporters,” a commerce ministry official said, speaking on condition of anonymity. While India was keen to merge the commercial dialogue and the one under the Trade Policy Forum (TPF), the US found it difficult as it has two minister-level trade officials—commerce secretary Wilbur Ross and US Trade Representative Robert Lighthizer—handling trade issues. India had a trade surplus of $20 billion in 2016-17 with exports of over $42 billion to the US during the same financial year.

Source: Mint October 23, 2017 18:00 UTC