India, US closing in on trade deal, says commerce minister

India is seeking concessions for generic drugs it exports to the US. FMTNews India

NEW DELHI: India and the US are closing in on a trade deal, Indian Commerce Minister Piyush Goyal said on Tuesday, after two years of negotiations.

They have been negotiating a limited trade pact aimed also at restoring zero tariffs on a range of Indian exports to the United States under its Generalised System of Preferences , from which the Trump administration withdrew last year, citing lack of reciprocal access to Indian markets.

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