Free trade pact during Donald Trump’s visit likely

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New Delhi: Both India and US are planning to build a consensus on switching toward a free trade agreement (FTA) ahead of President Donald Trump’s visit.

US President told reporters in Washington: “We can have a trade deal with India but I am really saving the big trade deal for later on. We are doing a very big trade deal with India. We will have it. I don’t know whether we will have it before the election, but we will have a very big deal with India”.

President Trump had previously described India as a “tariff king” for imposing “tremendously high” tariffs on the US items.

Foreign secretary Harsh Shringla said bilateral trade between India and the US is evolving fast and is likely to cross the $150-billion mark this year. Officials said the proposed FTA is still a work in process.

 

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