US trade deal to be finalised as 'circumstances have changed': Piyush Goyal
India is reassessing its interim trade agreement framework with the US in light of recent global shifts. Commerce minister Piyush Goyal indicated that negotiations are active with nations like Mexico, the UK, and Canada. Additionally, alternative trade discussions are being held with several countries. The export statistics up to September reflect strong performance, indicating optimistic…
New Delhi: Commerce and Industry Minister Piyush Goyal clarified that the US-India interim trade agreement will be finalized with adjustments to circumstances, according to a report on Saturday. Goyal also announced that trade ministerial talks with Mexico, the United Kingdom, Canada, and other nations like Israel, Chile, the Gulf Cooperation Council, and the Russia-led Eurasian Economic Union would commence in the coming week.
A joint economic and trade committee meeting between India and the United Kingdom is scheduled in July. India aims for lower tariffs on its goods in the American market, as discussed with US Trade Representative Jamie L. Raskin during a meeting earlier this month. The minister highlighted ongoing negotiations for trade pacts with Canada, South Africa-led Southern African Customs Union (SACU), Israel, Chile, the Gulf Cooperation Council, and the Russia-led Eurasian Economic Union.
Goyal emphasized that export numbers till September were promising, projecting a potential $1 trillion export target for the year, indicating a doubling of confidence in exports.
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