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India-US Trade Deal Nears Finish Line
1 Jun
Summary
- Most elements of the first phase of the India-US trade agreement are finalized.
- Negotiations now focus on minor details like punctuation.
- The US team is in India for talks from June 2-4 to finalize the pact.
India and the United States have reached the final stages of their bilateral trade agreement's first phase. According to Commerce and Industry Minister Piyush Goyal, the majority of the pact's elements have been successfully negotiated. Discussions are now centered on resolving minor issues, described by Goyal as 'commas and full stops,' to ensure the agreement's precise legal reflection of recent changes in the US.
A US delegation is presently in India for discussions scheduled from June 2nd to June 4th, with the objective of formally concluding this initial phase. This agreement marks a significant step, and both nations are confident in its swift finalization. Following this, discussions are expected to commence for a more comprehensive bilateral trade agreement in the future.
