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After celebrating a landmark achievement with the conclusion of its historic Free Trade Agreement (FTA) with the European Union, India is now setting its sights on another significant milestone: a bilateral trade deal with the United States.
Union Minister for Commerce and Industry, Piyush Goyal, recently offered a highly optimistic outlook on these ongoing negotiations. In a recent statement, Minister Goyal indicated that the country can now actively pursue the closure of these crucial trade talks with the US, citing that there are ‘no sticky issues’ left to resolve.
This declaration is a powerful signal of confidence from India’s trade leadership. The resolution of previously contentious points paves the way for a smoother, faster conclusion to discussions that have been under various stages of negotiation for some time. A successful FTA with the US would be a transformative development, unlocking immense economic opportunities, enhancing market access for Indian goods and services, and further solidifying the strategic partnership between the two nations.
As India continues its assertive stride in global trade, demonstrating its capability to secure major international agreements, the prospect of a US trade deal marks the next exciting chapter. The focus now shifts towards finalizing the details and bringing this mutually beneficial agreement to fruition, promising a significant boost for India’s economic growth and its position on the global stage.
Source: Original Article
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