India-US Trade Deal Soon? Delhi, Washington Fine-Tuning Agreement; Most Discussions Over, Says Piyush Goyal

Commerce and Industry Minister Piyush Goyal (File Photo)

India and the US have concluded most of the discussions for a proposed bilateral trade pact, and they are now fine-tuning the agreement, Commerce and Industry Minister Piyush Goyal said on Monday.

"We have concluded most of the discussions and are fine-tuning the agreement," he said while talking about the India-US trade agreement. The minister is in The Hague on a two-day official visit. He is accompanying a business delegation.

Addressing the India-Netherlands Business Forum, he said India has concluded nine free trade agreements in the last four and a half years.

India and the US, in February, announced finalisation of the framework for the first phase of the bilateral trade agreement (BTA). However, changes in the tariff landscape in the US have led to further negotiations on the pact.

Earlier this month, Goyal said that the two nations had announced in February that they had reached a framework for an interim trade agreement. But circumstances have changed, and the pact will be finalised accordingly, Goyal said while addressing members of the industry chamber PHDCCI.

"USA (trade pact) February me announce hua. Thodi paristhitiyan badli hain, usko abhi madde nazar rakhte hue…

Original source: https://www.timesnownews.com/business-economy