In February, US President Donald Trump and Prime Minister Narendra Modi announced plans to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) of 2025
Union Commerce Minister Piyush Goyal. Pic/X@PiyushGoyal
India and the US desire to give preferential market access to each other’s businesses and teams of both the countries are working together on the proposed bilateral trade agreement, Commerce Minister Piyush Goyal has said.
In February, US President Donald Trump and Prime Minister Narendra Modi announced plans to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) of 2025.
It is aimed at more than doubling the bilateral trade to $500 billion by 2030 from the current level of $191 billion.
“Both countries are committed to work together, both countries desire to give preferential access to each other’s businesses and we are working towards the bilateral trade agreement,” Goyal told reporters here.
The Union Commerce and Trade Minister is in Paris on an official visit to hold talks with French leaders and business representatives to boost trade and investments.
When asked about an announcement of Trump to double tariffs on steel and aluminium to 50 per cent, he also said that the two countries will continue to work together to resolve all these issues bilaterally.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
