India-UK trade agreement rules notified, set to come into force on July 15
The rules in this regard have been issued by the Central Board of Indirect Taxes and Customs (CBIC).
The rules in this regard have been issued by the Central Board of Indirect Taxes and Customs (CBIC).
Piyush Goyal stated that the relationship now extend beyond traditional trade ties including cooperation in technology, investments, defence and critical minerals.
India’s merchandise exports grew by around 15 per cent during the April-June 14 period this year despite global economic challenges, Union Minister for Commerce and Industry Piyush Goyal said on Sunday.
Goyal said that the agreement was finalised and announced before the US Supreme Court's order striking down President Donald Trump's reciprocal tariffs.
Commerce Secretary Rajesh Agrawal said the USTR delegation will be holding talks with Union Commerce and Industry Minister Piyush Goyal and senior Indian officials.
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.
Piyush Goyal, the Union Minister of Commerce and Industry, on Wednesday asserted in the Lok Sabha that the Modi government has been able to safeguard the interests of sensitive sectors like agriculture and dairy in the trade deal finalised with the US.
Greer also claimed that India has agreed to eliminate tariffs on industrial goods under the trade agreement with the United States, cutting average levies to zero from the current 13.5 per cent.
In a special briefing here, Goyal claimed that every Indian is thanking PM Modi for making a "very good trade deal" with the United States.
India and the US have announced a trade deal cutting tariffs to 18 per cent, drawing praise from senior ministers and sharp criticism from the Congress over how the decision was revealed.
