India US trade deal likely before 2020
Manoj Kumar Mohapatra, Consul (Commerce) in the Embassy of India in Washington, sounded optimistic about the US-India trade deal when he said “We have held several discussions with the US Trade Representative office and Ambassador Robert Lighthizer for the trade talks.” He was speaking at an event held in the Consulate General of India, New York. During his US trip, Goyal will visit both Washington and New York. “We will be continuing our trade talks. We are quite committed that before the closing of this year, we will be having an agreement which will be giving a boost to further our trade relationship.”
India’s exports to the US in 2018-19 stood at USD 52.4 billion, while imports were USD 35.5 billion. India has been demanding exemption from high duties imposed by the US on certain steel and aluminium products, resumption of export benefits to certain domestic products under their Generalised System of Preferences (GSP).