India-US Trade Deal Terms Finalised, Talks to Begin in US from April 23: Report
India and the United States have finally agreed on the terms of reference for the proposed bilateral trade agreement, as reported by PTI. The proposed agreement, which includes 19 chapters, covers a wide range of areas such as trade in goods, services, investments, and customs procedures. An Indian delegation led by Additional Secretary Rajesh Agrawal will begin trade talks in the US starting April 23, according to PTI.
The development comes as a significant step forward in the ongoing efforts to strengthen trade ties between the two countries. The proposed agreement aims to increase trade and investment between India and the US, which is expected to boost economic growth and create new opportunities for businesses.
The 19 chapters of the proposed agreement cover a range of areas, including trade facilitation, customs procedures, trade in goods, trade in services, investment, intellectual property, labor, environment, and others. The agreement also includes provisions for resolving disputes and ensuring compliance with the agreement.
The Indian delegation, led by Additional Secretary Rajesh Agrawal, will begin high-level talks with the US officials in Washington from April 23. The talks are expected to be comprehensive and cover all aspects of the proposed agreement.
The development has been welcomed by industry bodies and trade associations in both countries. The Federation of Indian Export Organisations (FIEO) has hailed the move, saying that it will provide a boost to Indian exports to the US. “The agreement will provide a framework for increasing trade and investment between the two countries, which will benefit Indian exporters,” said FIEO President Sharad Kumar Saraf.
Similarly, the US-India Business Council (USIBC) has also welcomed the development, saying that it will create new opportunities for businesses in both countries. “The proposed agreement has the potential to increase trade and investment between the two countries, which will benefit businesses and create new opportunities for growth,” said USIBC President Nisha Desai Biswal.
The proposed agreement is expected to be a significant step forward in strengthening trade ties between India and the US. The two countries have a long history of trade relations, and the proposed agreement aims to take these relations to the next level.
The agreement is also expected to boost economic growth and create new opportunities for businesses in both countries. India and the US are two of the world’s largest economies, and increasing trade and investment between the two countries has the potential to create new opportunities for growth and development.
The development has also been welcomed by the government of India, which has been pushing for a comprehensive trade agreement with the US. “The proposed agreement is a significant step forward in strengthening trade ties between India and the US,” said a government official. “We are confident that the agreement will create new opportunities for businesses and boost economic growth.”
In conclusion, the finalisation of the terms of reference for the proposed bilateral trade agreement between India and the US is a significant step forward in strengthening trade ties between the two countries. The proposed agreement includes 19 chapters and covers a range of areas such as trade in goods, services, investments, and customs procedures. An Indian delegation will begin high-level talks with US officials in Washington from April 23, and the agreement is expected to create new opportunities for businesses and boost economic growth.
