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Investing.com -- India is close to finalizing a trade agreement with the United States as negotiators have reached convergence on most issues, according to a Bloomberg report on Friday.
An unnamed official reportedly told reporters in New Delhi that a deal is in sight, with negotiators currently engaged in virtual discussions about the legal language of the agreement. The final decision will need approval from political leadership in both countries.
Despite progress in the negotiations, India’s Commerce and Industry Minister Piyush Goyal emphasized that India would not be rushed into completing any trade agreement.
"We don’t do deals in a hurry, and we don’t do deals with deadlines, with a gun on our head," Goyal stated at an event in Berlin, Germany. "And we have accepted if there is a tariff on us, there is a tariff on us."
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