Finance
Commerce and Industry Minister Piyush Goyal will visit the United States later this month to attend the G20 Trade Ministers’ Meeting and discuss the ongoing India-US bilateral trade negotiations, US Ambassador to India Sergio Gor announced on Wednesday.
Speaking at the 66th Annual Session of the Automotive Component Manufacturers Association of India (ACMA), Gor stated that India and the United States are working together to deepen their trade relationship and have achieved considerable progress in negotiations.
The US envoy stated that Goyal will visit the US in the coming weeks when Washington hosts the G20 talks, and that both nations are trying to establish a fair, reciprocal, and mutually beneficial economic partnership.
The visit comes as India and the US seek to advance discussions on a bilateral trade agreement. NDTV Profit had earlier reported that Goyal was expected to travel to the US towards the end of September as both sides work towards finalising the deal.
“It’s great to be with my good friend, the Commerce Minister. The United States and India are working very closely together; a lot is happening,” Gor said, adding that Washington looks forward to hosting Goyal for the G20 meetings.
Gor also referred to the progress made by the two countries, including a trade understanding reached by their governments. He said the cooperation between India and the US extends beyond trade in goods and covers a wide range of areas.
“Our two governments are working closely together to build a trade relationship that is fair, reciprocal and mutually beneficial,” Gor said.
The ambassador emphasized the two countries’ greater cooperation, including the Pact Silica statement signed earlier this year. According to Gor, the proclamation aims to create a legal framework that encourages innovation and facilitates increased cross-border investment by American and Indian companies.
He stated that the program would also benefit the future generation of entrepreneurs and builders in both countries.
Source: IANS
