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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trade Deals Not Bound By Deadlines, Says Piyush Goyal Amid India-US BTA Talks

  • Union Commerce Minister Piyush Goyal stated that trade agreements are 'not bound by deadlines' during India-US talks for a bilateral trade pact.
  • Goyal emphasized that trade deals should be a 'win-win' scenario, prioritizing India's national interests over imposed deadlines.
  • Indian negotiators have returned from the US, with ongoing talks focusing on sectors like leathers, toys, and footwear for preference in the trade agreement.
  • The interim deal is expected to cover goods only, with substance taking precedence over speed, and exemptions for sectoral tariffs like steel and auto components are unlikely in the initial arrangement.

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