India sees no hurdles in US trade deal negotiations, awaits right timing
Translated from English, summarized and contextualized by DistantNews.
At a glance
- India and the United States are poised to sign a trade agreement, with India's Commerce Secretary Rajesh Agarwal stating no challenges remain.
- Both sides are awaiting the right timing to finalize the deal, which has been in discussion within an agreed framework.
- The agreement aims to support overall trade growth and provide greater predictability for exporters and importers.
India anticipates no obstacles in finalizing a trade agreement with the United States, according to Commerce Secretary Rajesh Agarwal. He confirmed on Monday that both nations are prepared to sign the deal once the opportune moment arrives.
We don't see any challenge on India US trade deal negotiations.
Agarwal detailed that discussions are progressing smoothly within an established framework, with regular engagement between the two countries. He noted that the Indian team visited the U.S. in May, followed by a U.S. team's visit to India in June, indicating active dialogue.
Regarding broader trade issues, Agarwal mentioned the removal of IPEA tariffs and ongoing discussions with other countries, in which India is participating. He expressed optimism, stating that "all progressing in right directions."
Talks are going on in proper framework.
The Commerce Secretary emphasized that the "India-US framework deal is ready. We are ready to sign. Right time is being awaited," highlighting that the foundational work is complete and things are being structured effectively.
India-US framework deal is ready. We are ready to sign. Right time is being awaited.
Despite global volatility, trade flows remain robust, with the secretary pointing to continued momentum in goods exchange. While no specific timeline was given, Agarwal stressed that no significant differences remain unresolved, with the government confident the deal will boost trade and offer more certainty to businesses.
The trade has been going well.
Originally published by Times of Oman in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.