India, US Push For Early Conclusion Of Trade Pact During Goyal’s Washington Visit

A high-level Indian delegation led by the Commerce and Industries Minister Piyush Goyal visited the United States from 22 to 24 September to strengthen bilateral trade ties and encourage investment flows between the two countries.

The visit comes amid strained ties between India and US after Trump administration imposed steep 50 per cent tariffs on Indian imports, including 25 per cent levy on New Delhi's continued purchase of Russian crude oil.

During the visit, the minister held discussions with Ambassador Jamieson Greer, United States Trade Representative, and Sergio Gor, the US Ambassador-designate to India, the Commerce Ministry said in a statement on Friday (26 September).

Talks focused on advancing negotiations toward a comprehensive trade agreement.

Both sides reviewed possible contours of the deal and agreed to continue engagements aimed at an early conclusion of a mutually beneficial pact.

"The delegation had constructive meetings with the U.S. Government on various aspects of the deal. Both sides exchanged views on possible contours of the deal and it was decided to continue the engagements with a view to achieve early conclusion of a mutually beneficial Trade Agreement," the ministry said.

Alongside government-level talks, the Indian delegation met several U.S.-based businesses and investors to promote trade and investment opportunities.

The meetings generated an enthusiastic response, with American business leaders reaffirming confidence in India’s economic growth story.

Many expressed their desire to intensify their business activities in India.

Please click here to add Swarajya as your preferred and trusted news source on Google.

Also Read: India–US Trade Talks: 25 Per Cent Penal Tariff May End After 30 November, Says CEA Nageswaran