“India and the US are negotiating a Bilateral Trade Agreement which has not been signed as yet,” the minister of state, commerce and industry ministry Jitin Prasada told LS in a written reply.
In a separate reply, he said the last round of talks was held from July 14-18 in Washington.
The minister also said that India’s free trade agreement (FTA) with the UK is a modern, comprehensive and landmark agreement which seeks to achieve deep economic integration along with trade liberalisation and tariff concessions.
“The FTA ensures comprehensive market access for goods across all sectors, covering all of India’s export interests. The FTA seeks to promote good regulatory practices and enhance transparency that are in sync with India’s own focus on domestic reforms to enhance the ease of doing business,” he said.
