India and the US have finalised the first phase of a proposed trade deal, with legal drafting underway as New Delhi seeks preferential market access and greater tariff stability.
India and the US have finalised the first phase of a trade deal, which is undergoing legal drafting, Trade Secretary Rajesh Agrawal said on Thursday. He said negotiations were progressing in the right direction.
“We anticipate concluding and signing the trade deal at the earliest possible time,” Agrawal said, adding that India was seeking preferential market access and greater tariff stability.
US Secretary of State Marco Rubio will visit India and Uzbekistan from 17 – 22 October to discuss energy cooperation, commercial investment and economic ties with government and business leaders.
