India, US to Offer Preferential Access to Businesses: Goyal

India and the US desire to give preferential market access to each other's businesses and both nations are working on the proposed bilateral trade agreement, Commerce Minister Piyush Goyal said.

- Press Trust of India

PARIS:

In February, US President Donald Trump and Prime Minister of India Narendra Modi announced plans to negotiate the first tranche or phase of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) of 2025. It is aimed at more than doubling the bilateral trade to $500 billion by 2030 from the current $191 billion.

Goyal, on an official visit, will hold talks with French leaders and business representatives to boost trade and investments.

When asked about an announcement by Trump to double tariffs on steel and aluminum to 50%, he also said that the two countries will continue to work together to resolve all these issues bilaterally.