Union Minister for Commerce and Trade Piyush Goyal, while speaking at ET Startup Awards, said that India is at advanced stage of discussions with both EU and US for trade deals.
“We are at the advanced stage of discussions with both EU and US for trade deals,” said Piyush Goyal.
The US has imposed 25 per cent tariffs on India as a penalty for purchasing oil from Russia. It is over and above the 25 per cent reciprocal tariffs on Indian goods entering American markets. Overall, Indian goods are attracting a steep 50 per cent additional import duties in the US. New Delhi has described these duties as “unfair, unjustified and unreasonable”.