According to an article published by the Economic Times on September 26, an Indian delegation visited the United States from September 22 to 24 to advance India-US trade negotiations, but the U.S. demand for India to stop purchasing Russian oil may hinder the negotiation process. According to sources, the U.S. repeatedly emphasized that "India stopping the purchase of Russian oil" is crucial for reaching an India-US trade agreement. In response, India stated that if India reduces its imports of Russian oil, the U.S. needs to allow India to purchase oil from Iran and Venezuela as a replacement for Russian oil. In addition, India has proposed concessionary alternative solutions such as easing restrictions on the import of genetically modified corn and increasing procurement of U.S. defense and energy products. India plans to import about $40 billion (40 billion) in commodities from the U.S., further reducing its trade deficit with the U.S., and further lowering trade barriers to continuously improve market access in India. The statement said that this round of India-US trade negotiations was highly constructive, and both sides exchanged views on the "possible framework of the agreement." However, informed sources pointed out that although this round of India-US trade negotiations showed a positive trend, it still did not achieve significant breakthroughs.
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