US-India may have trade agreement before elections in the US

US-India may have a trade agreement before elections in US

US and India (US-India) may have a small trade agreement (US-India Trade Deal) before the presidential election. The presidential election in the US is on November 3. Addressing the Third Indo-US Leadership Summit organized on Monday by the US-India Strategic and Partnership Forum (USISPF). the US Deputy Foreign Minister Stephen Begun said that Prime Minister Narendra Modi (Narendra Modi) and President Donald Trump (US) Donald Trump have a wonderful relationship.

Narendra Modi and President Donald Trump committed to a trade deal

They commit both to a trade agreement. In such a situation there is a possibility of a small agreement. Begun said about the possibility of a small trade agreement before the US presidential election. Former US Ambassador to India Richard Verma questioned him. There is a possibility of a small trade agreement before the election? Begun said on this that there is a possibility. However, we need to put more energy.

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According to the Commerce Ministry data, the United States was India’s largest trading partner for the second consecutive year in the financial year 2019-20. The bilateral trade of the two countries is $88.75 billion in the previous year, which was $87.96 billion in 2018-19. America is among the few countries with which India is in a state of trade surplus. The trade gap reached $17.42 billion in 2019-20, up from $16.86 billion in the previous financial year.