New Delhi: Union Minister for Commerce and Industry Piyush Goyal on Monday said the first tranche of the bilateral trade deal between India and the United States will be signed soon.
Addressing a press conference, the Union minister said that all major points have been settled between the delegations. "The leaders of both nations had already announced the framework agreement back on February 3. All the major points have been settled. US Ambassador to India Sergio Gor recently stated that 99% of the details have been finalised... I am fully confident that we will conclude the first tranche of the bilateral trade agreement with the US as soon as possible," said Goyal.
Goyal's remarks come amid fresh talks between Indian and American delegations. A team from the US will arrive in India to finalise the framework of the trade deal.
As per the union minister, the meetings between both delegations will be held from June 2 to 4.
As per a spokesperson from the US embassy in India, the US delegation will be led by Assistant US Trade Representative Brendan Lynch. "As Secretary Rubio stated during his recent visit to India, the US government is seeking a trade agreement between the United States and India that will be enduring, beneficial, and sustainable for both countries," the spokesperson added further.
Last week, US envoy to India Sergio Gor stated that only one percent of the deal is left to be finalised, stating that 99 percent of the deal is ready. "Our current interim trade agreement is on the table for us to finalise and that will unlock prosperity for both of our countries.