India-US trade deal: 'Big items done', both sides close to pact, says Gor ...Middle East

Economy by : (Business Standard) -
US Ambassador to India Sergio Gor on Thursday said negotiations for a bilateral trade deal were moving at an "incredible pace", and the "big items are done", underlining that he was confident that both sides will get the pact through. During an interactive session at the Bloomberg New Economy Forum here, Gor also echoed External Affairs Minister S Jaishankar's assessment of the progress in the proposed India-US trade pact, saying "we are very close to landing it". Asked about the status of the negotiations, Gor said, "I won't like to get into too many details at this stage, and let the ministers announce that. But in the grand scheme of things, big items are done." "We're actively engaged... Within three weeks of arriving here, we announced a trade deal. The European Union trade deal took almost 20 years. So we're at an incredible pace, and I am confident that we will get it done," Gor said. The India-EU Free Trade Agreement (FTA) was successfully concluded in January after nearly

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