After two years of talks, India, US closing in on a trade deal, says minister
India and the United States are closing in on a trade deal, India’s Commerce Minister said on Tuesday, after two years of negotiations.
“In the long term, I believe we have a quick trade deal which has some of the pending matters built up over the last couple of years, which we need to get out of the way quickly. We are almost there,” Piyush Goyal said at the US-India Business Council’s India Ideas Summit, being conducted virtually.
Both New Delhi and Washington should also look at a preferential trade pact with 50 to 100 products and move to a free trade pact in the long term, Goyal said.
For all the latest headlines follow our Google News channel online or via the app
Earlier this month, India had started trade talks with the European Union (EU) and is open to dialogue with the United Kingdom for a free trade agreement, the trade minister had said on.
Goyal said that Asia’s third largest economy is open to engage with the UK for a preferential trade agreement with the ultimate goal of a free trade agreement between the countries.
-
India agrees to allow US air carriers to resume services in the US-India market
The US Transportation Department said that on Friday the government of India has agreed to allow US air carriers to resume passenger services in the ... Aviation & Transport -
Following US criticism, India says it may allow some foreign flights to resume
India’s ministry of civil aviation said on Tuesday it was considering allowing some international carrier flights to resume afterWashington accused ... Economy -
After China, US targets India for unfair air transportation practices
The US Transportation Department on Monday accused the Indian government of engaging in “unfair and discriminatory practices” on charter air ... Aviation & Transport -
India-China: At least 20 Indian soldiers killed, US hopes for ‘peaceful resolution’
The United States voiced hope that India and China will peacefully resolve differences after New Delhi said at least 20 troops died in the Asian ... World News -
India in talks with European Union for trade deal, says open to pact with UK
India has started trade talks with the European Union (EU) and is open to dialogue with the United Kingdom for a free trade agreement, the trade ... Economy -
UK trade delegation heads to India after Brexit trigger
British finance minister Philip Hammond will head a business delegation to India next week in an effort to boost international trade as Britain begins ... Economy