Countdown to Washington-New Delhi trade deal

Source link: Countdown to the Washington-New Delhi trade agreement Piyush Goyal, the Minister of Commerce and Industry of India, announced that the first phase of the bilateral trade agreement with the United States has been completed and the process of preparing its legal texts has begun. According to Indian press reports, Goyal made these remarks at an event held in New Delhi. He stated that the first phase of the trade agreement […] Source site: Safir Arjan

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Piyush Goyal, Minister of Commerce and Industry of India, announced that the first phase of the bilateral trade agreement with the United States has been completed and the process of preparing its legal texts has begun. According to Indian press reports, Goyal made these remarks at an event held in New Delhi.

He stated that the first phase of the trade agreement between the United States and India has been completed and related legal texts are currently being prepared. Goyal added: "This agreement is being finalized and its legal texts are being prepared. "We hope to complete it soon and implement it when we have achieved a similar or competitive advantage compared to our peer countries."

Goyal also noted that the India-EU Free Trade Agreement will also be signed in December and is expected to come into effect in February or March next year (2027).

The United States and India announced in February that they had reached a preliminary agreement to resolve their bilateral trade dispute.