<p>New Delhi: The proposed trade agreement between India and the United States will be signed once the two sides agree on terms which are fair and balanced, Commerce and Industry Minister Piyush Goyal said on Tuesday.</p><p>“Whenever the deal is fair, equitable and balanced, you will hear the good news,” Goyal told reporters when asked about the progress on the India-US trade deal, which the two sides have been negotiating since March.</p><p>During Prime Minister Narendra Modi’s visit to Washington in February this year India and the US had agreed to sign a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025. The negotiations were kicked off in March. So far six rounds of talks have been held.</p>.India, United States close to inking of first tranche of trade deal, says official.<p>Uncertainty loomed large over the deal after US President Donald Trump administration imposed a steep 50% tariff on import of majority of items from India. However, recent comments from both sides indicate positive progress on the negotiations. </p><p>Speaking at an event organised by the Indo-American Chamber of Commerce, Goyal said trade negotiations are inherently complex and must reflect the needs and sensitivities of key domestic sectors, especially farmers, fishermen and small industries.</p><p>“I don’t see any reason to be very worried. I don’t believe there is any hiatus in the relationship. It continues to be very important, very strategic for both the country, the United States and India,” the minister said.</p><p>Goyal claimed that the United States views India as a trusted partner, and both countries remain committed to expanding trade and commerce.</p><p> “We stand on very strong pillars of democracy, very strong pillars of diversity and a very strong pillar of a shared commitment to development. The story of India-US relationship can be described as that of two trusted partners working for the shared prosperity, not only of both countries but of the entire world,” he said.</p><p>Referring to the recent announcements related to 10-year defence agreement and India’s decision to purchase LPG from the US, Goyal said there is no pause or hiatus in the bilateral relations of the two countries and the partnership is enduring and growing.</p>
<p>New Delhi: The proposed trade agreement between India and the United States will be signed once the two sides agree on terms which are fair and balanced, Commerce and Industry Minister Piyush Goyal said on Tuesday.</p><p>“Whenever the deal is fair, equitable and balanced, you will hear the good news,” Goyal told reporters when asked about the progress on the India-US trade deal, which the two sides have been negotiating since March.</p><p>During Prime Minister Narendra Modi’s visit to Washington in February this year India and the US had agreed to sign a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025. The negotiations were kicked off in March. So far six rounds of talks have been held.</p>.India, United States close to inking of first tranche of trade deal, says official.<p>Uncertainty loomed large over the deal after US President Donald Trump administration imposed a steep 50% tariff on import of majority of items from India. However, recent comments from both sides indicate positive progress on the negotiations. </p><p>Speaking at an event organised by the Indo-American Chamber of Commerce, Goyal said trade negotiations are inherently complex and must reflect the needs and sensitivities of key domestic sectors, especially farmers, fishermen and small industries.</p><p>“I don’t see any reason to be very worried. I don’t believe there is any hiatus in the relationship. It continues to be very important, very strategic for both the country, the United States and India,” the minister said.</p><p>Goyal claimed that the United States views India as a trusted partner, and both countries remain committed to expanding trade and commerce.</p><p> “We stand on very strong pillars of democracy, very strong pillars of diversity and a very strong pillar of a shared commitment to development. The story of India-US relationship can be described as that of two trusted partners working for the shared prosperity, not only of both countries but of the entire world,” he said.</p><p>Referring to the recent announcements related to 10-year defence agreement and India’s decision to purchase LPG from the US, Goyal said there is no pause or hiatus in the bilateral relations of the two countries and the partnership is enduring and growing.</p>