NEW DELHI: Commerce and Industry Minister Piyush Goyal on Wednesday said India and the US are on the cusp of a limited trade package.
”India and the US are on the cusp of a limited trade package,” he tweeted.
Speaking at a virtual conference organised by the US-India Business Council’s India Ideas Summit on Tuesday, Mr Goyal has reiterated his views that the two countries should also look at a preferential trade agreement consisting 50-100 goods and services in order to ‘kickstart’ a trade partnership.
He said India and the US should look at an ‘early harvest’ in the form of a PTA ‘rather than waiting for the gains of FTA, which may take several years to conclude’.
The minister said India-US trade deal was ”almost there” , adding that the pact aims to get issues that have been pending over the past couple of years ‘out of the way’.
”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,” Mr Goyal has said.
He has said every investor, in the long run, is looking for credible commitments when he engages with a country.
”Industry and business want a stable policy environment, fair play, ease of doing business and freedom to operate. India is working towards making all these enablers easier,” he maintained. (AGENCIES)
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