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India, US talks for proposed trade pact going on at a very fast pace: Goyal

  • India and the US are engaged in fast-paced negotiations for a proposed trade agreement, aiming for a win-win trade deal, according to Commerce Minister Piyush Goyal.
  • Negotiations for trade pacts with the US and the European Union are progressing, with a focus on free trade agreements to promote global capability centers in India.
  • India is in talks for a bilateral trade agreement with the US and a free trade agreement with the EU, looking to conclude agreements by fall and the end of the year, respectively.
  • The new trade pacts include provisions on services, regulatory systems, intellectual property rights, digital trade, and innovation, aiming to provide certainty to businesses through detailed discussions and stakeholder consultations.

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