India-US trade deal talks on Sitharaman

India-US trade deal talks on Sitharaman

India-US trade deal talks on Sitharaman

By / USA News / Monday, 21 October 2019 07:42

Union Finance Minister Nirmala Sitharaman on Sunday said negotiations between India and the US on a trade deal are going on “full speed” and expressed hope that these would conclude soon.

The ongoing trade deal negotiations briefly came up for discussion during a pull aside between Sitharaman and US Treasury Secretary Steven Mnuchin at the IMF headquarters. The latter is scheduled to visit India early next month.

“In fact, I broadly mentioned it to Secretary Mnuchin, but that is something on which the Commerce Minister and Mr Lighthizer  are working. My inputs are that the negotiations are going on full speed and there’s a great intensity with which both sides are engaging and hopefully the deal will be structured soon,” Sitharaman said.

To a question, she said a ‘totalisation’ agreement with the US had always been on the cards. “One of the reasons why that was never responded to was that India did not have a social welfare net or social insurance cover for Indians in India.

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