India and US finalize first phase of trade pact
In short
India and the US have finished the first phase of their trade pact, and the legal wording is now being prepared. Commerce and Industry Minister Piyush Goyal said he wants it to move quickly.
He also said the free trade agreement with the European Union should be signed in December. The report does not say the exact terms of the US deal.
What the reporting says
India and the US have locked the first phase of their trade pact, and legal drafting is now underway, Commerce and Industry Minister Piyush Goyal said. The reporting says he wants quick finalization and operationalization, and also said the EU free trade agreement is due to be signed in December. The exact terms of the India-US phase are not stated.
Why it matters
Commerce and Industry Minister Piyush Goyal said India and the US have finalized the first phase of their trade pact, with legal drafting now underway. The report says he is seeking quick operationalization and also expects the India-EU free trade agreement to be signed in December. The specific provisions of the US phase are not stated.