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India, US agree on preferential market access for Indian goods: Goyal

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Core Development: India, US agree on preferential market access for Indian goods: Goyal
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Market & Financial Impact: India and the US finalised the framework for the first phase of the bilateral trade agreement in February
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India and the US have already agreed that Indian goods in the American market will receive preferential market access compared to competitor nations, Commerce and Industry Minister Piyush Goyal said on Sunday.

India and the US finalised the framework for the first phase of the bilateral trade agreement in February.

The deal was to be signed earlier, but changes in the US tariff landscape have led to further negotiations on the agreement.

"This was already agreed between the leaders - President (Donald) Trump and Prime Minister Narendra Modi when they announced that we have both come to a broad framework agreement a few months ago and it has been acknowledged that India will get preferential trade access in the US with lower duties than our competitor countries," Goyal told reporters here.

He is here on a two-day visit to discuss ways to boost trade and investment between India and Egypt.

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Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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