India and US expected to start trade agreement in near future

Foreign Secretary Vijay Gokhale has said that India and the United States had reduced the areas of difference during negotiations for a trade deal. He said that both sides would continue discussions and some kind of a trade agreement would be reached in the near future.

Gokhale has rejected claims that the trade talks had got derailed and has said that it was a wrong interpretation. He added that these are issues which are complex. Before the meeting, President Trump and Prime Minister Modi have also addressed the media.

PM Modi has hailed the agreement signed between Indian company Petronet and US firm Tellurian. Petronet, India’s largest liquified natural gas importer, will be investing $2.5 billion for around 20% equity stake in United States energy company Tellurian Inc’s Driftwood project.

Foreign Secretary Gokhale has said that he was optimistic that the two countries would reach an agreement sometime soon. Gokhale also said that India was expecting the deal to be fair and reasonable.

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