India, US May Execute Interim Trade Pact by July, Minister Says

India and the US may execute an interim trade deal next month, Commerce and Industry Minister Piyush Goyal said, even as Washington proposed fresh tariffs on imports from major trading partners including the South Asian nation.

“By the middle of next month or so, we should be in a position to execute a very vibrant first tranche,” the minister told reporters in the southern Indian city of Visakhapatnam on Friday. He added that the deal would give India preferential access over its competitors.

Piyush Goyal

Photographer: Dhiraj Singh/Bloomberg

A US trade delegation led by chief negotiator Brendan Lynch was in New Delhi June 1-4 ...