India-US trade deal to be signed next month: Union Minister Piyush Goyal
Union minister Piyush Goyal on Thursday said discussions between India and the United States are underway on the trade deal.
He said that the first tranche of the bilateral trade agreement between the two country is almost ready.
“The formal agreement is also being drafted and could take about a month to a month and a half to finalize. It is expected to be signed by mid-March,” he stated,
He added that the reduction in the 18% tariffs would be implemented after the joint statement is announced by an executive order passed by the United States.
Goyal made the remarks on Thursday at the signing ceremony for the Terms of Reference (ToR) of a Free Trade Agreement (FTA) between India and the Gulf Cooperation Council.