India, US reach interim trade framework, tariff cuts open $30-tn market for Indian exporters: Piyush Goyal – Firstpost

India, US reach interim trade framework, tariff cuts open $30-tn market for Indian exporters: Piyush Goyal – Firstpost

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Union Trade Minister Piyush Goyal has said that the trade deal opens a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen, and in turn creates job opportunities for lakhs of people

India and the US have issued a joint statement announcing that they have agreed upon an Interim Agreement on reciprocal tariffs that will expand the scope of the Bilateral Trade Agreement (BTA) negotiations. The announcement comes after President Donald Trump held a phone call with Prime Minister Narendra Modi, following which he announced a tariff cut on India.

Union Trade Minister Piyush Goyal has said that the trade deal opens a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen, and in turn creates job opportunities for lakhs of people.

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“This agreement will help India and the US remain focused on working together to further deepen economic cooperation, reflecting shared commitment to sustainable growth for our people and businesses,” he said.

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