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India-US trade deal ‘pretty close’, Trump says

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In short

US President Donald Trump says India and the US are "pretty close" to making a trade deal, which will be different from earlier pacts. The deal is expected to strengthen bilateral relations in sectors such as trade, energy, technology, defence, and people-to-people ties. Secretary of State Marco Rubio is visiting India to further strengthen these ties. Earlier, Commerce Minister Piyush Goyal met US Trade Representative Jamieson Greer to discuss the finer aspects of the trade deal. India and the US announced the finalisation of the framework for the first phase of the bilateral trade agreement (BTA) in February, but changes in the tariff landscape have led to further negotiations on the pact.

Key points

  • The trade deal between India and the US is expected to strengthen bilateral relations in…: The trade deal between India and the US is expected to strengthen bilateral relations in various sectors.
  • Secretary of State Marco Rubio is visiting India to further strengthen these ties.: Secretary of State Marco Rubio is visiting India to further strengthen these ties.
  • Earlier, Commerce Minister Piyush Goyal met US Trade Representative Jamieson Greer to dis…: Earlier, Commerce Minister Piyush Goyal met US Trade Representative Jamieson Greer to discuss the finer aspects of the trade deal.

Sources checked by our analysis pipeline: 1

Washington: The US and India are "pretty close" to making a trade deal, which will be much different than the earlier pacts, US President Donald Trump said here.

Speaking to reporters at the Oval Office on Tuesday, Trump said India and the US were pretty close to making a trade deal.

"They want to make a deal. We're going to make a deal. Pretty close, yeah," Trump said in response to a question."It's going to be a much different kind of deal than we've done," the president said.

Also read: Trump administration says it has revoked over 300,000 visas

Trump's remarks came at a time Secretary of State Marco Rubio was visiting India and discussed further strengthening bilateral relations focussing on sectors such as trade, energy, technology, defence and people-to-people ties.

Earlier this month, Commerce Minister Piyush Goyal met US Trade Representative Jamieson Greer in Milwaukee and Washington to discuss the finer aspects of the trade deal.

India and the US in February announced the 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.

Speaking to reporters at the Oval Office on Tuesday, Trump said India and the US were pretty close to making a trade deal.

"They want to make a deal. We're going to make a deal. Pretty close, yeah," Trump said in response to a question."It's going to be a much different kind of deal than we've done," the president said.

Also read: Trump administration says it has revoked over 300,000 visas

Trump's remarks came at a time Secretary of State Marco Rubio was visiting India and discussed further strengthening bilateral relations focussing on sectors such as trade, energy, technology, defence and people-to-people ties.

Earlier this month, Commerce Minister Piyush Goyal met US Trade Representative Jamieson Greer in Milwaukee and Washington to discuss the finer aspects of the trade deal.

India and the US in February announced the 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.

Original source: economictimes.indiatimes.com

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