United States Commerce Secretary Wilbur Ross who was to be in Delhi on Thursday for the India-US Commercial Dialogue &amp; CEO Forum will not be coming.

"Due to inclement weather, technical problems that led to the cancellation of his flight, and other logistical issues, Secretary Ross regrets he is no longer able to attend the CEO Forum and Commercial Dialogue in person," a statement from the US Department of Commerce said.&nbsp;

US Ambassador to India Kenneth Juster will now lead the US side. Ross will participate in both meetings via video conference.&nbsp;

The Indian side will be led by Commerce Minister Suresh Prabhu.&nbsp;

The India US-CEO forum was established in 2005.&nbsp;

Bilateral trade between India and the US rose to about $140 billion in 2018 from $126 billion in 2017. US exports to India are growing around two-and-a-half times faster than Indian exports to the US.&nbsp;

Private Indian airlines have placed orders for around 300 Boeing aircraft which will be delivered over the next five to seven years. The orders are for around $39 billion and will create 130,000 American jobs. India has also started the import of US crude and natural gas worth $4.5 billion every year. Since 2008, the US has bagged more than $18 billion in arms contracts with India.&nbsp;

The dialogue takes place this year even as US President Donald Trump has been raising the issue of high tariffs by India; he has even called India "Tariff king".&nbsp;

Last month he touted how his call to India had helped bring down tariffs in "two minutes".&nbsp;

The dialogue will also take place against the backdrop of reports suggesting the US government is contemplating withdrawal of the Generalised System of Preference (GSP) to Indian exporters.&nbsp;

Industry body CII has cautioned against any such action.&nbsp;

"GSP boosts the competitiveness of American manufacturers by lowering their costs &amp; approximately two-thirds of U.S. imports under GSP are raw materials, components, or machinery and equipment used by U.S. companies to manufacture goods in the United States for domestic consumption or for export," it said in a statement.&nbsp;

United States Commerce Secretary Wilbur Ross who was to be in Delhi on Thursday for the India-US Commercial Dialogue & CEO Forum will not be coming. "Due to inclement weather, technical problems that led to the cancellation of his flight, and other logistical issues, Secretary Ross regrets he is no longer able to attend the CEO Forum and Commercial Dialogue in person," a statement from the US Department of Commerce said.

United States Commerce Secretary Wilbur Ross who was to be in Delhi on Thursday for the India-US Commercial Dialogue & CEO Forum will not be coming. "Due to inclement weather, technical problems that led to the cancellation of his flight, and other logistical issues, Secretary Ross regrets he is no longer able to attend the CEO Forum and Commercial Dialogue in person," a statement from the US Department of Commerce said. US Ambassador to India Kenneth Juster will now lead the US side. Ross will participate in both meetings via video conference. The Indian side will be led by Commerce Minister Suresh Prabhu. The India US-CEO forum was established in 2005. Bilateral trade between India and the US rose to about $140 billion in 2018 from $126 billion in 2017. US exports to India are growing around two-and-a-half times faster than Indian exports to the US. Private Indian airlines have placed orders for around 300 Boeing aircraft which will be delivered over the next five to seven years. The orders are for around $39 billion and will create 130,000 American jobs. India has also started the import of US crude and natural gas worth $4.5 billion every year. Since 2008, the US has bagged more than $18 billion in arms contracts with India. The dialogue takes place this year even as US President Donald Trump has been raising the issue of high tariffs by India; he has even called India "Tariff king". Last month he touted how his call to India had helped bring down tariffs in "two minutes". The dialogue will also take place against the backdrop of reports suggesting the US government is contemplating withdrawal of the Generalised System of Preference (GSP) to Indian exporters. Industry body CII has cautioned against any such action. "GSP boosts the competitiveness of American manufacturers by lowering their costs & approximately two-thirds of U.S. imports under GSP are raw materials, components, or machinery and equipment used by U.S. companies to manufacture goods in the United States for domestic consumption or for export," it said in a statement.

India-US Commercial Dialogue: US Commerce Secretary Wilbur Ross not coming, will address talk via videoconference

US and Indian government officials pressed on with talks on Thursday to resolve their differences over trade and investment, Indian government sources said, even though <a href="http://www.wionews.com/business-economy/india-us-commercial-dialogue-us-commerce-secretary-wilbur-ross-not-coming-197245">US Commerce Secretary Wilbur Ross called off his visit because of bad weather</a> at home.

Ross addressed a US-India CEO Forum by video after his flight was cancelled and was due to similarly join the commercial dialogue later in the day with Indian Commerce Minister Suresh Prabhu, the sources said.

US ambassador to India Kenneth Juster is leading the delegation on the ground.

India and the United States are sparring over a range of issues, from India's new rules on e-ecommerce that affect firms such as Amazon and Walmart to data localisation and its tariffs that US President Donald Trump says are exceptionally high.

Washington has also had a longstanding grievance with India over its large trade deficit with the United States and what it sees as the Indian government's lax intellectual property enforcement.

A US trade delegation led by United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin began high-level talks with Chinese counterparts on Thursday to de-escalate a tariff war ahead of a March 1 deadline for a deal.

New Delhi defends the measures on e-commerce as a way to protect the interests of small businesses and says it has been cutting tariffs gradually to give local industry a level playing field and create jobs for a very large youth population.

Details of the discussions held on Thurdsay were not immediately available and officials said the two sides were likely to issue a joint statement later on Thursday.

The sources also said that trade negotiations would be conducted by the United States Trade Representative (USTR) and not by the Commerce Department, which is focused on boosting investment, improving the business climate and some specific areas such as travel and tourism.

Still, the two sides are expected to touch on the thorny issues that have cropped up in recent months and pledge efforts to address them. "It will be a friendly discussion, they would avoid the risk of disappointment," said a source with knowledge of the matter.

The meeting comes at a time when the USTR is reviewing India's eligibility as a beneficiary of its Generalised System of Preferences (GSP) under which the country has enjoyed zero tariffs for about 2,000 goods exported to the United States that are worth $5.6 billion.

Reuters reported last week that the USTR is considering withdrawal or scaling back of these tariffs because of the lack of reciprocity from India on its tariffs, its tightening curbs on online sales and its insistence that foreign payment card companies, such as Mastercard and Visa, store data in India.

US and Indian government officials pressed on with talks on Thursday to resolve their differences over trade and investment, Indian government sources said, even though US Commerce Secretary Wilbur Ross called off his visit because of bad weather at home.

US and Indian government officials pressed on with talks on Thursday to resolve their differences over trade and investment, Indian government sources said, even though US Commerce Secretary Wilbur Ross called off his visit because of bad weather at home. Ross addressed a US-India CEO Forum by video after his flight was cancelled and was due to similarly join the commercial dialogue later in the day with Indian Commerce Minister Suresh Prabhu, the sources said. US ambassador to India Kenneth Juster is leading the delegation on the ground. India and the United States are sparring over a range of issues, from India's new rules on e-ecommerce that affect firms such as Amazon and Walmart to data localisation and its tariffs that US President Donald Trump says are exceptionally high. Washington has also had a longstanding grievance with India over its large trade deficit with the United States and what it sees as the Indian government's lax intellectual property enforcement. A US trade delegation led by United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin began high-level talks with Chinese counterparts on Thursday to de-escalate a tariff war ahead of a March 1 deadline for a deal. New Delhi defends the measures on e-commerce as a way to protect the interests of small businesses and says it has been cutting tariffs gradually to give local industry a level playing field and create jobs for a very large youth population. Details of the discussions held on Thurdsay were not immediately available and officials said the two sides were likely to issue a joint statement later on Thursday. The sources also said that trade negotiations would be conducted by the United States Trade Representative (USTR) and not by the Commerce Department, which is focused on boosting investment, improving the business climate and some specific areas such as travel and tourism. Still, the two sides are expected to touch on the thorny issues that have cropped up in recent months and pledge efforts to address them. "It will be a friendly discussion, they would avoid the risk of disappointment," said a source with knowledge of the matter. The meeting comes at a time when the USTR is reviewing India's eligibility as a beneficiary of its Generalised System of Preferences (GSP) under which the country has enjoyed zero tariffs for about 2,000 goods exported to the United States that are worth $5.6 billion. Reuters reported last week that the USTR is considering withdrawal or scaling back of these tariffs because of the lack of reciprocity from India on its tariffs, its tightening curbs on online sales and its insistence that foreign payment card companies, such as Mastercard and Visa, store data in India.

US and India hold talks to calm trade tensions

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India-US Commercial Dialogue: US Commerce Secretary Wilbur Ross not coming, will address talk via videoconference

US and India hold talks to calm trade tensions