India, US moving towards free trade agreement, says Goyal
India and the US have begun talks towards a free trade agreement, according to Minister for Commerce and Industry Piyush Goyal.
“Both the leaders (Narendra Modi and Donald Trump) have decided to formally engage to move towards a free trade agreement between the two big economies. My own sense is that America will also gain very significantly with this Indian partnership,” Goyal said at the India-US Business Story: Opportunity, Innovation, Entrepreneurship. The session was organised by the Confederation of Indian Industry and the US-India Business Council (USIBC) to coincide with US President Donald Trump’s visit to India.
Speaking at a session titled the ‘Future of Energy Partnership’, Minister for Petroleum and Natural Gas and Steel Dharmendra Pradhan said the high importance attached to the energy component of the bilateral engagement is rather evident from positive developments during the last three years under the India-US strategic energy partnership.
