India’s Commerce Minister: Closing in on trade deal with the US

Speaking at the US-India Business Council’s India Ideas Summit on Tuesday, India’s Commerce Ministry Piyush Goyal said that India and the US are likely to strike a trade deal soon.

Key quotes

“In the long term, I believe we have a quick trade deal which has some of the pending matters built up over the last couple of years, which we need to get out of the way quickly. We are almost there.”

“We believe we should also look at an early harvest in the form of a preferential trade agreement rather than waiting for the gains of a free trade agreement, which can take several years to conclude.”  

more to come ...