The decision of the US and India to end six major trade disputes at WTO is a "big victory" and will be mutually beneficial for both countries, Commerce and Industry Minister Piyush Goyal said on Friday.
They also said that both the countries should put in place a proper and strong mechanism to resolve trade related issues bilaterally so that they do not have to file complaints in the WTO.
India and the US have resolved six trade disputes at the World Trade Organisation, marking a significant step towards strengthening bilateral trade. Both countries have agreed to create a robust mechanism to address related issues bilaterally so as to avoid filing complaints with the WTO. India will abolish retaliatory customs duties on 28 American products.
US, India decision to end trade disputes a big victory, mutually beneficial: Goyal financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
India and the US have resolved six trade disputes at the World Trade Organization (WTO) through mutually agreed solutions. India has removed retaliatory customs duties on certain American products, such as almonds, walnuts, and apples. Commerce and Industry Minister Piyush Goyal called the move a "big victory" for both nations and said it marked the end of pending India-US disputes at the WTO.