Minister bats for ‘much larger engagement’ like a bilateral trade agreement
India and the US have resolved most of their broad trade differences and the countries must look at a much larger deal like a bilateral agreement, Commerce and Industry Minister Piyush Goyal said on Monday.
Addressing senior members of American industry at a conclave organised by the US-India Strategic Partnership Forum (USISPF), Piyush Goyal expressed optimism about the bilateral relationship that he said “is at their best ever now”. “We have almost resolved the broad contours of what we are going to announce. I do not see any great difficulty in closing the gap on the first announcement,” he said.
He, however, refused to give a deadline on the current trade talks taking place between the countries. “Trade negotiations are complex. You need to have a lot of back and forth, which is going on. We’ve had a little pause because all of us were busy in different areas. But it’s on track and everything is moving smoothly,” he said.
A trade arrangement with the US was expected during Prime Minister Narendra Modi’s six-day visit to that country last month. However, with Modi by his side, US President Donald Trump had last month promised a trade deal with India “very soon”, with a larger deal down the line…
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