Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,921.50-96.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Commerce Min’s visit to US: Goyal to explore ways for US deal

Commerce and industry Minister Piyush Goyal’s visit to the US starting Tuesday is aimed at winning some concessions and paving the way for an Indo-US trade deal, including market access for Indian products.

, ET Bureau|
Nov 12, 2019, 06.52 AM IST
0Comments
PTI
piyush goyal pti
NEW DELHI: Commerce and industry Minister Piyush Goyal’s visit to the US starting Tuesday is aimed at winning some concessions and paving the way for an Indo-US trade deal, including market access for Indian products.

Both sides are negotiating concessions for each other ahead of a wider agreement, ET learnt. India and the US are eyeing a trade deal with limited scope, but it is unlikely that one will be signed during Goyal’s visit.

The key US demands include fewer restrictions for its medical device manufacturers and solar panels, market access for other key products and lower import duties on a range of items.

Goyal will meet United States Trade Representative Robert E. Lighthizer and executives from the medical devices industry. “India should ensure that there is real market access for our products in the US market, other than better access for our service professionals, including their spouses.

Also, there should be chapters on e-commerce so as to benefit our SMEs and on investment facilitation to help our Make in India programme become more competitive,” Pradeep Mehta, secretary general of CUTS International, told ET.

CUTS International is a global public policy research and advocacy group with branches worldwide, including Washington, DC.

Price controls on medical devices, restoration of the Generalized System of Preferences, duty cuts on Harley-Davidson motorcycles and mobile phones, along with market access to US agricultural commodities including almonds, nuts and berries have been on the agenda of the limited-scope trade deal being discussed as a pre-cursor to a larger agreement.
Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service