India, US have ‘almost closed’ contours of limited trade pact Goyal
India and the US have moved to the next level of engagement having “almost closed” the final contours of limited trade package, and will come up with a comprehensive trade deal going forward, Commerce Minister Piyush Goyal said on Tuesday. Goyal was participating in the ‘US-India Forum: Partners for Growth’ conference here.
“On the economic front, having almost closed the last contours of the limited trade deal and with the announcement of a much larger trade deal in the offing, we have moved to a new level of engagement,” Goyal said. The minister said the engagement will help both sides on different fronts.
Sharing the government’s vision, the minister said our goal is that by 2022, every family should have own home with 24 hours electricity, clean cooking gas, access to internet, and good school and health care around the home.
Referring to the proposed trade deal between India and the US, Department of Industrial Policy and Promotion Secretary Guruprasad Mohapatra said, “There are certain areas where you need the US to also open up the market to us, that is the discussion going on between the various ministries, between the US and India.
“India hopes to make an FDI policy where it wants to protect its own interests, the citizens, the data interest, so that citizens can leverage on data where it is used commercially by others. At the same time trying to promote national security also,” he said, adding that these are legitimate things which every other responsible country including the US does.







