India-Rus Trade Deal: Washington will again go to Washington for second round conversation with America
Indian A team from the Ministry of Commerce will soon visit Washington for another round of talks with the US for the proposed trade agreement. A government official gave this information on Thursday. The official said that both interim and first phase of the bilateral trade agreement (BTA) will be interacted during this visit. Travel dates are not yet decided. However, sources say the party is expected to visit Washington next week.
Indian party has recently returned after the first round conversation
The Indian contingent led by India led by the chief negotiator Rajesh Aggarwal returned from Washington earlier this month. This journey is important because the US has postponed additional tariffs (it is 26 percent in India’s case) till 1 August. Special Secretary in the Department of Commerce, Rajesh Aggarwal said on Thursday that India is trying to negotiate and finalize the trade agreement with the US. The first phase of this agreement is targeted to be completed by this year’s autumn (September-October). Earlier, the two countries are trying to finalize an interim trade agreement.
14 to FTA with 26 countries implemented
Aggarwal said that India has so far implemented more than 14 free trade agreements (FTA) with 26 countries. He said in a program organized on ‘Export Logistics’ here, “Now we are joining the major markets. We have recently signed an agreement with Britain. We are in advance stages of interaction with the European Union. We are also trying to finalize the agreement with America and finalize it. ‘
Negotiations are also going on with these countries
He said that India is also talking on trade agreements with Latin American countries including Chile and Peru. Aggarwal said, “We have signed a trade agreement with Australia and the United Arab Emirates. We are interacting with New Zealand. We have been extensively associated with major business partners and major economies. ”
With PTI inputs
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