India and the United States initially finalized a framework for the first phase of their bilateral trade agreement back in February. However, subsequent adjustments to American tariffs required both nations to engage in further negotiations. Commerce and Industry Minister Piyush Goyal announced on Thursday that the resulting terms will provide India with a very favorable set of outcomes in every respect.
Key points
Bilateral negotiations are expected to produce an exceptionally favorable trade pact for…: Bilateral negotiations are expected to produce an exceptionally favorable trade pact for India across all respects.
Initial frameworks established in February have required revisions due to shifting Americ…: Initial frameworks established in February have required revisions due to shifting American tariff policies.
Ongoing talks between both governments continue to address the modified economic conditio…: Ongoing talks between both governments continue to address the modified economic conditions and tariff structures.
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Visakhapatnam: Commerce and Industry Minister Piyush Goyal on Thursday said India will have one of the "best" trade deals with the US in every respect.
He said that India has negotiated a very good set of outcomes with the US in the pact.
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"And in every respect, India will have one of the best deals with the US," he told reporters here.
India and the US in February finalised a framework for the first phase of the bilateral trade agreement. However, changes in the tariff landscape in the US have led to further negotiations.
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He said that India has negotiated a very good set of outcomes with the US in the pact.
Also Read: 11 countries, 3,500 exhibitors to take part in India International Trade Fair from November 14
"And in every respect, India will have one of the best deals with the US," he told reporters here.
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