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Piyush Goyal says no US trade deal without comparative tariff advantage for Indian exports
The Times of India··25 Jun
Times of India reported the commerce minister told Reuters India and Washington are very close to finalising a pact but will not sign until legal tools guarantee India a competitive edge over peer countries in the American market.
Prism
What It Means For You
- Export sectors await clarity on US tariff treatment.
- A deal may boost competitiveness versus rival suppliers.
- No signing date has been announced yet.
What's Happening
- Goyal set a tariff advantage precondition for any US deal.
- India says it is close to finalising the trade pact.
- Negotiations continue on legal enforcement tools.
Trade Timeline
- Broad agreement was reached on February 6 2026.
- Teams are refining finer pact details since then.
- Comparative advantage is India's key demand.
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