• Linkdin

Indian commerce minister, US envoy discuss ways to raise trade

23 Aug '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

US Ambassador to India Atul Keshap spoke to commerce and industry minister Piyush Goyal, discussing bilateral trade a day after the latter said last week that hopes of an India-US trade pact are off the table for now. "Across our 2+ hour discussion we agreed that our great democracies should work more closely to advance our mutual prosperity,” Keshap tweeted.

“I had a very spirited exchange of views with Commerce Minister @PiyushGoyal about how #USIndia trade can and should attain the $500 billion vision set by @Potus [President of the United States]," Keshap said in his tweet.

Goyal, while speaking at an industry event in Mumbai on August 19, had said hopes of an India-US trade pact are off the table for now, with the Joe Biden administration conveying to India that it is not interested in a free trade agreement.

According to Indian commerce ministry data, in 2020-21, bilateral trade between both sides stood at $80.5 billion compared to $88.9 billion in 2019-20.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search