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Indo-US trade deal ready to sign, non-tariff trade barriers need to be removed: Piyush Goyal

Piyush Goyal
Piyush Goyal

The Indo-US trade deal is "almost ready" and can be signed whenever the local political situation in the United States permits the two countries to, Indian Commerce and Industry Minister Piyush Goyal said during US-India Strategic Partnership Forum's third annual leadership summit, ANI reported. He reportedly said that he had been in touch with the US Trade Representative Robert Lighthizer and the deal can be concluded before or soon after the US Presidential elections in November. In another conversation with Mastercard CEO Ajay Banga at the same virtual event, Goyal stressed on the need for a reciprocal relationship when it comes to establishing global standards. 'In the next 6 months, will make it possible for companies to get regulatory approval in the US itself': Goyal Goyal said that the government is looking to create a common application form "like a digital locker" or the American common application form for undergraduate studies to dispense regulatory approvals for companies looking to set up operations in India. "One common application form like a digital locker which has all your basic information and then you have the annexures or the addenda which are focussed to each college. ... Similarly, we are looking at that kind of a database which should be supplemented with annexures going to different ministries or different regulatory processes. I assure you that in the next six months, we will make it as simple as you sitting in America, in your offices and homes, using your mouse and being able to…

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