The broader India-US trade agreement will be signed in a phased manner, and negotiations for the second phase of the pact will continue after the signing of the first tranche of the deal.
It said the Interim Agreement will represent a historic milestone in the partnership between the two countries, demonstrating a common commitment to reciprocal and balanced trade based on mutual interests and concrete outcomes.
A formal legal agreement on the trade deal is expected to be signed around mid-March, Goyal told mediapersons here, adding that after the joint statement is released, the US is expected to issue an executive order to reduce tariffs to 18 per cent.
Trump made this comment while speaking to Moneycontrol, following his address at the 56th Annual Summit of the World Economic Forum.
