A day after India concluded its negotiations with the European Union on a Free Trade Agreement (FTA) which has been dubbed the ‘mother of all deals’, India is now looking towards a closure on the FTA with the United States. Sources in the Ministry of External Affairs said that even as the India-EU FTA was being negotiated, negotiations on the India-US deal had made significant progress.
They said that the deal could be “finalized any day now”. What remains for the two sides is being described as “just the dotting of the Is and the crossing of the Ts”. Sources said there has been a robustness in the recent round of negotiations and talks on the deal.
In Davos on 21 January, US President Donald Trump had expressed confidence over the India-US Bilateral Trade Agreement (BTA), noting that the two countries are “going to have a good deal”, while praising Prime Minister Narendra Modi as a close friend and respected leader.
Trump made this comment following his address at the 56th Annual Summit of the World Economic Forum.
ANI
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