India’s Commerce Industry Minister, Piyush Goyal, is reportedly anticipated to visit Washington soon for trade discussions. This potential trip follows recent talks between India’s chief negotiator Rajesh Agrawal and his US counterpart Brendan Lynch concerning a proposed Bilateral Trade Agreement (BTA). Both the Indian Commerce Ministry and the External Affairs Ministry have affirmed a commitment to intensifying efforts to achieve an early and mutually beneficial trade agreement. Five rounds of negotiations on the BTA have occurred since March. The article also references previous bilateral tensions, citing a past decision by the US to implement additional tariffs on Indian goods, which increased the total tariff percentage. Recent trade talks in New Delhi were held subsequent to these tariff adjustments.
Source: www.hindustantimes.com