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India to finalize trade deal with US soon
Indian statements confirm that the country is prepared to negotiate a bilateral trade agreement with the United States as soon as Indian exports secure preferential tariff terms, allowing them to enjoy better rates compared to competitors like Vietnam and Bangladesh. This comes as part of New Delhi's efforts to ensure a competitive edge for its exports through review of its customs arrangements, amid ongoing negotiations due to disagreements over tariffs and market access, despite the announcement of an initial framework for the agreement in February. India expects the final details of the deal to be announced once it secures a tariff rate that enhances the position of its products, and Foreign Minister Goyal plans to visit the United States in September for negotiations on the sidelines of the G20 summit.
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