Would like to conclude early tranche of trade pact with US before July 9: Commerce Secretary
Negotiations for the proposed
India-US trade agreement
are in good progress and the two sides are expected to agree on an early tranche of the pact before July 9, a top government official said on Monday.
"We are working on the early tranche and as you are aware that there is a date (July 9), before that we would like to conclude this early tranche,"
Commerce Secretary Sunil Barthwal
said.
He said that Indian and the US teams are making visits to each other's country for
trade talks
.
by Taboola
by Taboola
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"We also visited the US twice. The US team also came here twice. There is good progress and we are hopeful that this will be done within the timelines," he added.
The US on April 2 imposed an additional 26 per cent
reciprocal tariff
on
Indian goods
but suspended it for 90 days till July 9. However, the 10 per cent
baseline tariff
imposed by
America
remains in place.
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