(HT)
India’s Commerce Minister Piyush Goyal said he had a “constructive meeting” with counterpart Howard Lutnick for a mutually beneficial trade agreement between the two nations.
Both sides are “committed to enhancing opportunities for our businesses and people,” Goyal said in a post on X on Friday.
Indian officials, including chief negotiator Rajesh Agrawal are meeting Trump administration officials in Washington this week to advance the first tranche of the trade agreement.
The South Asian nation is discussing a US trade deal structured in three tranches.It expects to reach an interim agreement before July, when President Donald Trump’s reciprocal tariffs are to kick in.
India was one of the first countries to begin negotiations with the US following Prime Minister Narendra Modi’s visit to the White House in February.
Both the nations agreed to boost trade and work toward concluding the first tranche of the bilateral deal by fall of this year.
