The June 1-4 visit is expected to focus heavily on finalizing the contours of an interim trade arrangement while simultaneously advancing broader negotiations on market access, customs cooperation, investment facilitation and economic security alignment between the two strategic partners.
Highlighting the 10-year defence accord signed between the two countries and the recently announced contract to source LPG from the US, Goyal said the comprehensive partnership that India has with the US has many elements.
Union Minister of Commerce & Industry Piyush Goyal, and New Zealand Minister for Trade Todd McClay, acknowledged the steady progress made during this round and reaffirmed their commitment to work towards a modern, comprehensive, and future-ready FTA.
External Affairs Minister S Jaishankar will meet US Secretary of State Marco Rubio in New York on Monday, the first high-level talks since India-US tensions over steep tariffs, Russian oil imports, and the Trump administration’s $100,000 H-1B visa fee hike. The meeting coincides with Commerce Minister Piyush Goyal’s trade talks with the US.
India and the US resume trade talks in New Delhi after weeks of tariff tensions and criticism over Russian oil. Both sides signal optimism for a breakthrough.
US President Donald Trump had earlier said that the two sides are continuing with negotiations on the trade deal.
India will finalize the proposed bilateral trade agreement (BTA) with the US by the fall or November this year, hoped the Commerce and Industry Minister Piyush Goyal on Tuesday.
Clearing the air regarding the ongoing trade talks between India and the UK, Union minister Piyush Goyal stressed that negotiations are "underway but some credible action should be taken against the incidents that happened in Britain," referring to the recent pro-Khalistan activities by some elements outside Indian High Commission in London.
Australia last month canceled a deal with France's Naval Group to build a fleet of conventional submarines and will instead build at least eight nuclear-powered submarines with US and British technology
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