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India, US in talks to resolve trade issues: Piyush Goyal

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“We have put forward certain proposals. If there is any surge in import of any product, we can take quick remedial measures and the interest of domestic industry is protected,” he said.
NEW DELHI: India and the US are in talks to resolve certain issues but whether the two sides will announce any trade deal would be decided when Prime Minister Narendra Modi meets President Donald Trump this week, commerce and industry minister Piyush Goyal said on Monday.

“We are in continuous dialogue with the US over the last several months on many issues. We have an open mind and are looking at several sectors,” he said at an event. “We are looking at an early resolution of many issues... Whether a deal will be announced or not that is up to the prime minister and the president to decide.”

Modi will visit the US from September 21-27, during which he would address the annual UN General Assembly session and have a series of bilateral and multilateral engagements in New York. Trump will attend Modi’s Houston rally for Indian Americans later this week.

RCEP TALKS
Goyal said that India has decided to conduct a meeting through video conference with other members of the proposed Regional Comprehensive Economic Partnership (RCEP) agreement.

“We have put forward certain proposals. If there is any surge in import of any product, we can take quick remedial measures and the interest of domestic industry is protected,” he said.

This proposal assumes significance as India has registered trade deficit in 2018-19 with as many as 11 RCEP member countries, including China, South Korea and Australia, out of a grouping of 16 nations that are negotiating the mega trade pact since November 2012 and which is expected to conclude by November.
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