India began negotiating with New Zealand in a free trade agreement, trying to strengthen the economic relationship against the context of the development of uncertainty in world trade.
The meeting of the Indian Minister of Trade and Industry Piyush Gidel with the Minister of Trade and Investment of New Zealand Todd McClem took place on Sunday. According to the Indian Department of Information Policy, the purpose of negotiations is to improve market access and enhance the integration of the supply chain and reports of Bloomberg.
India is one of the countries that will be encountered since April with an increase in tariffs from the United States. President Donald Trump plans to introduce a comprehensive tariff on April 2, which will affect the non -steel and aluminum industries, where the tasks are increased earlier this month.
New Zealand joined other countries trying to end the free trade agreements with India. The European Union and India plans to complete the agreement this year, and the UK and the South Asia nation have continued long -term trade negotiations earlier this year.
Remember that on March 12, US missions with the amount of 25% imported steel and aluminum, including from the EU, are valid. This decision was made by US President Donald Trump.
Earlier, the Trump administration threatened to reduce the demand for American whiskey outside the United States due to the tasks given.
The European Commission stated that the European Union is ready to take measures to protect its interests compared to the context that can introduce US missions to European goods.
The head of the European Competition Union, Teresa Ribera, stated that the US president has destroyed a reliable relationship between countries and Europe.
Washington has announced a plan to introduce 25% of obligations to all goods from the European Union.