After the visit of a team of officials from the office of the United States Trade Representative to India to discuss the trade agreement between the two countries, Commerce and Industries Minister Piyush Goyal will lead a delegation to the United States for trade talks on Monday.
The delegation plans to take forward discussions with a view to achieve early conclusion of a mutually beneficial trade agreement, the commerce ministry said on Saturday.
According to the ministry, the visit to the US by the Goyal-led team is a continuation of the efforts between the two sides to find a solution to the issue of 50 per cent tariff imposed by the US on Indian goods.
Goyal visited Washington earlier in May for the trade talks. He held deliberations with US Commerce Secretary Howard Lutnick in Washington.
On Tuesday, the commerce ministry said the discussions with the visiting US team, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, on a bilateral trade deal, were positive, and both sides agreed to push for an early and mutually beneficial conclusion of the agreement.
"It was decided to intensify efforts to achieve early conclusion of a mutually beneficial trade agreement," the ministry had then said.
The visit of the high-ranking US trade officials was first after the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market for buying Russian crude oil.
