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India, US to soon hold talks on trade issues
Jun 14, 2018

Commerce and industry minister Suresh Prabhu has said India’s purchases of commercial aircraft and gas from the US would help bridge the trade deficit between the two countries even as they agreed to hold official talks soon to address trade and economic irritants between them. 
 
In his interaction with business leaders during his just concluded visit to the US, the minister noted the encouraging growth in trade volumes through purchases of US-made civilian aircraft by Indian companies and enhanced cooperation in the area of energy, including procurement of petroleum and LNG by India from the US. 
 
In 2017-18, India had a $21-billion trade surplus with the US. 
 
 
Prabhu pointed out to new market opportunities in these as well as other areas, adding that these purchases had already led to reduction in bilateral trade deficit in 2017. 
 
    

Economictimes.indiatimes

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