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Jaishankar Says America Is Not Solely Responsible For Global Trade Issues
- •External Affairs Minister S. Jaishankar stated at the Kautilya Economic Conclave that global trade problems cannot be blamed entirely on America.
- •Jaishankar highlighted the proposed India-US trade agreement as a major opportunity and called America India's principal strategic and economic partner.
- •He emphasized India's multi-alignment policy, explaining that strong ties with Washington do not mean distancing from Russia, China, Europe, or the UK.
- •Jaishankar noted that India's trade strategy focuses on market access and barriers rather than just reducing the trade deficit with any single nation.
- •He observed that the world is moving towards a multipolar order driven significantly by the rise of China and ongoing global transformations.
Key Questions Answered
External Affairs Minister S. Jaishankar stated that global trade problems cannot be entirely blamed on America. He noted that disruptions in the international trade system also stem from the non-market practices of other countries, meaning India must look closely at where the real problems lie.
S. Jaishankar explained that multi-alignment means India will not distance itself from other major partners like China, Russia, Europe, and the UK just because it has strong ties with America. Instead of fully aligning with a single bloc, India advances its relations simultaneously with different nations based on its own national interests.
Finance Minister Nirmala Sitharaman stated that talks on a trade deal with America have reached a point where there is no scope for quid pro quo, or give and take. She added that further transactional moves have reached a plateau and are very difficult.
