New Delhi: Commerce and Industry Minister Piyush Goyal will travel to the United States later this month to attend the G20 Trade Ministers’ Meeting and hold discussions on the ongoing bilateral trade deal negotiations, US Ambassador to India Sergio Gor said Wednesday.
In his address at the 66th Annual Session of the Automotive Component Manufacturers Association of India (ACMA), Gor said India and the United States are working closely to strengthen their trade relationship and have made significant progress in negotiations.
The US envoy said Goyal would visit the US in the coming weeks as Washington hosts the G20 talks, adding that both governments are working towards a trade relationship that is fair, reciprocal and mutually beneficial.
The visit comes as India and the US seek to advance discussions on a bilateral trade agreement. NDTV Profit had earlier reported that Goyal was expected to travel to the US towards the end of September as both sides work towards finalising the deal.
“It’s great to be with my good friend, the Commerce Minister. The United States and India are working very closely together; a lot is happening,” Gor said, adding that Washington looks forward to hosting Goyal for the G20 meetings.
Gor also referred to the progress made by the two countries, including a trade understanding reached by their governments. He said the cooperation between India and the US extends beyond trade in goods and covers a wide range of areas.
“Our two governments are working closely together to build a trade relationship that is fair, reciprocal and mutually beneficial,” Gor said.
Highlighting broader cooperation, the ambassador said the two countries are partnering across several areas and pointed to the Pact Silica declaration signed earlier this year. According to Gor, the declaration is aimed at creating a pro-innovation regulatory framework and facilitating greater cross-border investment by American and Indian companies.
He said the initiative would also help empower the next generation of entrepreneurs and builders in both countries.
