नवीनतम
Indian team to visit US to resume trade talk
NEW DELHI [Maha Media]: Looking to finalise a trade deal, an Indian commerce ministry team is set to visit Washington soon for another round of talks with the United States over the ongoing tariff dispute and a proposed bilateral trade agreement, a government official said on Thursday.
The dates for the visit are yet to be confirmed, but the team is likely to visit Washington next week, according to sources quoted by PTI.
During this upcoming visit, discussions will focus on both the interim and first phase of the Bilateral Trade Agreement (BTA).
India is working to finalise a trade agreement with the United States, said Rajesh Agrawal, Special Secretary in the Department of Commerce and the chief negotiator for the proposed India-US bilateral trade pact, on Thursday.
Speaking at an export logistics event, Agrawal said, "Now we are integrating with major markets also... we just concluded an agreement with the UK, we are in an advanced stage of negotiations with the European Union, we are trying to negotiate and finalize a deal with the USA."
He further said that the goal is to complete the first phase of the deal by September-October this year, with an interim agreement expected before that.
Agrawal noted that India has successfully implemented over 14 Free Trade Agreements (FTAs) involving 26 countries.
He also shared that India is exploring trade agreements with Latin American countries, including Chile and Peru, and is in talks with New Zealand.
"We have done (trade pact) with Australia and UAE. We are in negotiations with New Zealand... So, the idea is that we are also integrating in a big way with the major trading partners and major economies," he added, according to news agency.
Earlier this month, an Indian team led by chief negotiator Rajesh Agrawal had concluded a previous round of discussions in Washington.
