Trade Potential Between India and the U.S. Remains Vast, Says John Kavulich

New Delhi, October 20 (Daily Kiran) : John Kavulich, the Chairman of the Trade and Economic Council, remarked on Tuesday that the trade potential between India and the United States is substantial. While it is uncertain how much longer negotiations for a trade deal may take, he believes it could significantly enhance commerce between the two nations.

In an interview with a news agency, Kavulich stated, “Both countries are signaling that they are getting closer, but they are speaking in diplomatic terms. Thus, it is challenging to assess how close they truly are or to what extent they can resolve major issues. We also do not know if they can set aside these significant matters to announce agreements on other topics.”

He emphasized the importance of a trade agreement for both nations. The bilateral trade between the U.S. and India amounts to hundreds of billions of dollars, with expectations for growth through a trade deal.

Kavulich expressed uncertainty about whether all parties would reach consensus on every issue. Given the vast scope of trade between India and the U.S., he noted that the complexity of various aspects could prolong the completion of a comprehensive trade agreement. Often, during large-scale negotiations, it is easier to discuss and advance certain issues. However, as discussions delve into specifics, it can feel as if an agreement is within reach, even when significant gaps remain.

On the subject of Russian oil imports, Kavulich mentioned that importing Russian oil, refining and processing it, and in some cases re-exporting it to other markets, presents a political issue. However, he pointed out that for President Trump, it may not be as politically problematic as it is for members of the U.S. Congress, politicians, NGOs, and the European Union. Ultimately, he noted, everyone needs energy and typically prefers to source it where it is most affordable.