Union Minister for Commerce and Industry, Piyush Goyal, praised the India-US trade deal, emphasizing the collaboration between the two democracies for mutual prosperity. Goyal described the agreement as a significant milestone in the bilateral relations between India and the United States.
Goyal expressed appreciation towards Prime Minister Narendra Modi, President Donald Trump, and the citizens of both countries for their role in achieving this landmark trade pact. He highlighted the shared values and commitment to fostering innovation and growth through the partnership.
The Union Minister emphasized that the trade deal would create unprecedented opportunities for various sectors in India, including farmers, MSMEs, entrepreneurs, and skilled workers. Goyal underscored the importance of technology exchange between the two nations as a key aspect of the agreement.
President Trump, following a discussion with PM Modi, announced the reduction of US tariffs on Indian goods to 18% and the easing of Indian trade barriers on American products. The deal also involves India increasing purchases of US energy, technology, and agricultural goods, strengthening the ties between the two countries.
Prime Minister Modi expressed gratitude for the reduced tariffs on Indian products and lauded the enhanced cooperation between the two largest democracies. He commended President Trump’s leadership in promoting global peace and stability, affirming India’s support for these efforts and expressing eagerness to elevate the partnership further.
