US-India trade deal at ‘very advanced stage’: Indian minister
(CNBC) — India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri stated that the trade deal with the U.S. is in an advanced stage, with hopes for a positive outcome. The relationship between India and the U.S. is described as strong, as India supports a multilateral trading system and recently announced a landmark trade deal with the European Union.
Progress on U.S.-India Trade Deal
Singh Puri expressed optimism about the trade deal between India and the U.S., emphasizing the mutual benefits of open trade policies. Despite concerns about potential reactions from President Trump, India’s trade agreements with the EU and ongoing talks with the U.S. highlight the country’s commitment to international trade relationships.
Potential Implications of Trade Deals
The U.S. has maintained tariffs on imports from India and the EU, prompting discussions about the impact of these trade agreements. While uncertainties remain, Singh Puri’s remarks suggest a positive outlook for future trade relations and economic opportunities for all parties involved.
