Home / Knowledge / News / Textiles / US-India trade package to conclude soon: Indian envoy

US-India trade package to conclude soon: Indian envoy

07
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The United States and India are close to concluding a trade package that would offer enhanced market access to both countries, India’s outgoing ambassador to the US Harsh Vardhan Shringla recently told a group of Indian-American entrepreneurs. He, however, did not give an exact date on which the much anticipated trade deal would be signed.

Shringla said the signing of the trade package would pave the way for a much bigger bilateral trade deal, which will only benefit the companies of the two countries.

He was addressing the entrepreneurs during a farewell lunch organised last week for him by TiE DC, a regional chapter of the global non-profit membership and mentoring organisation for entrepreneurs, a news agency reported.

The trade deal was first announced by US President Donald Trump when he met Prime Minister Narendra Modi in New York in September on the sidelines of the UN General Assembly.

Trump on September 24 said his country will soon have a trade deal with India to boost economic ties between the two nations.

India- US bilateral trade has increased significantly in the last decade and it is expected to be over $160 billion by 2019, he said.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Jan 2020

US-China Phase I trade deal to boost US cotton exports

The National Cotton Council (NCC) has announced that the Phase 1...

Pic: Shutterstock

Textiles | On 20th Jan 2020

India, Uzbekistan explore preferential trade agreement

India and Uzbekistan recently agreed to conclude early a joint...

Pic: Shutterstock

Textiles | On 20th Jan 2020

China's GDP grew by 6.1% in 2019, slowest in 3 decades

China's economy weakened to its slowest pace in three decades last...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Quality should be the #1 priority

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Wolfgang Muller,

Wolfgang Muller

Mayer & Cie is a leading global manufacturer of circular knitting...

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search