By Alasdair acquaintance and Neha Dasgupta

NEW DELHI (Reuters) - U.S. Secretary of status Mike Pompeo sought ought lessen heightened commerce pressure with India can Wednesday, promising a renewed concentrate can negotiating better ties, besides during giving few specifics of how they used to beat disputes can commerce and investment.

Pompeo's India observe comes although the two countries grapple with issues ranging from access ought Indian markets although American firms ought New Delhi's implore although foreign companies ought maintain Indian information at the country, and exports of steel and aluminum ought the U.S.

The two nations are "friends who can assist each other entire nearly the world," Pompeo told a joint information assembly with Indian Foreign Minister Subrahmanyam Jaishankar after they met.

The contemporary differences were expressed "in the soul of friendship", he added.

However, any promote can commerce used to maybe be announced at an expected assembly of Indian majestic Minister Narendra Modi and U.S. principal Donald Trump at a people of 20 (G20) summit at Japan this week, economic and political analysts said.

"If there is going ought be some species announcement can trade, it will holiday at a Trump-Modi meeting," said Neelam Deo, founder of the Gateway house deliberate tank at the econmic chief of Mumbai.

TRADE SPAT

The commerce disputes eat led ought higher tariffs by the two countries and created unease can the depth of their security alliance.

In particular, the sudden introduction of new e-commerce rules although foreign investors at February angered the Americans although it showed New Delhi was prepared ought influence the goalposts ought hurt two of the largest U.S. companies, discount retailer Walmart, and Amazon.com Inc.

Walmart final year invested $16 billion ought buy direct of Indian e-commerce company Flipkart.

Just days ago Pompeo's visit, India slapped higher retaliatory tariffs can 28 U.S. products following Washington's withdrawal of key commerce privileges although New Delhi.

Jaishankar, a foregoing Indian ambassador ought the United States, played down the spat can Wednesday.

"If you commerce with someone and they are your biggest trading partner, it is impossible you don't eat commerce issues," he said.

In an interview with broadcaster India Today can Wednesday night, Pompeo was asked how India could benefit the Generalized System of Preferences (GSP) commerce program restored.

"We are going ought proceed work ought reclaim these relationships. I am confident we can," Pompeo said, without providing details.

MISSILES AND OIL

India's ties with Russia and Iran, both now mystery ought U.S. sanctions, are too a pain point.

U.S. stress has led India ought recess buying grease from Iran, a sumit force supplier.

In a policy address hosted by the U.S. embassy can Thursday evening, Pompeo said United States will insure India receives adequate supplies of grease although New Delhi stops buying Iranian rough at row with U.S. sanctions can Tehran.

The United States is too lobbying India no ought progress with its buy of S-400 surface-to-air missile systems from Russia.

The missile commerce and Iranian grease were both discussed during their meeting, Jaishankar and Pompeo said, besides during mentioned no resolution of too at the information conference.

"On two of the biggest issues - Iran and Russia - the discrepancy is deep," said analyst Deo, formerly a sumit Indian diplomat at the United States.

Areas of condense contain efforts ought fight increased militant activity at the region, after deadly suicide bomb blasts at Sri Lanka at April.

Both countries eat a shared competitor at China, which has alarmed them with its inroads at South Asia.

Pompeo criticized China's district and path Initiative, its ambitious plot ought finance and found infrastructure across the globe, which some detractors eat labeled a debt trap.

For smaller countries, it came "not with strings attached, besides during with shackles," he said.

Earlier, Pompeo met Modi although talks at the majestic minister's dwelling at the capital, New Delhi, and they exchanged handshakes at images announce can television.

"The majestic minister expressed his vigorous commitment ought achieve the complete latent of bilateral relations at commerce and economy, energy, defense, counterterrorism and people-to-people contacts," the foreign ministry said at a statement, without elaborating.

Pompeo leaves India can Thursday morning although the summit of G20 leaders at Japan's western city of Osaka. Pompeo said Modi and Trump used to be able ought "build can what we talked nearly today" while they meet at Osaka.

(Reporting by Alasdair acquaintance and Neha Dasgupta; additional reporting by Aftab Ahmed; Editing by Clarence Fernandez, Martin Howell and Toby Chopra)