Piyush Goyal says first tranche of India-US trade deal will take effect once India secures a comparative advantage over competing countries.
Minister says India aims to maintain lower or comparable tariffs to boost exports to the US market.
Goyal says India will continue leveraging the large US market as long as it retains a competitive trade advantage.
India, US Trade Pact To Come Into Operation Once India Gets Comparative Advantage: Goyal
"I think India will continue to grow its exports and continue to leverage the large US opportunity," he says
Piyush Goyal
Summary
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Summary
The first tranche of the bilateral trade agreement between India and the US will come into operation as soon as the United States is able to ensure that India gets a comparative advantage over its competitors, Commerce and Industry Minister Piyush Goyal said on Wednesday.