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The Modi government and the Biden administration are thinking big in terms of their trade and commerce relationship, a top Indian official said Wednesday as he ruled out the previously talked about mini trade deal or a free trade agreement and noted that revoking of GSP is not a priority for New Delhi.The previous Trump administration has revoked the Generalized System of Preferences GSP from India.

The Modi government and the Biden administration are "thinking big" in terms of their trade and commerce relationship, Union Commerce and Industry Minister Piyush Goyal said on Wednesday.

Union Commerce and Industry Minister Piyush Goyal said that India is not interested any longer in the 'mini' trade deal that was once under discussion with former US President Donald Trump and a Free Trade Agreement (FTA) is not on the table because President Joe Biden's administration in not currently interested in negotiating one with any country.

Union Commerce and Industry Minister Piyush Goyal said that India is not interested any longer in the 'mini' trade deal that was once under discussion with former US President Donald Trump and a Free Trade Agreement (FTA) is not on the table ...