First Phase of Trade Agreement Between India and USA Completed
According to statements by Indian authorities, the first phase of the commercial agreement between the two countries has been left behind, and the drafting of official texts has begun.
The first phase of the trade agreement negotiations between the US and India has been successfully concluded, and the parties have moved on to the preparation process of the legal texts.
Announced at the Event in New Delhi
According to reports in the Indian press, the country's authorized official shared important information regarding the trade negotiations at an event held in the capital, New Delhi.
Legal Texts in Preparation Stage
Stating that the first phase of the agreement has been completed, the official noted that the final form of the text is being given and legal preparations are continuing rapidly.
Competitive Advantage and Entry into Force Schedule
It is aimed to complete the processes shortly and put the agreement into effect once a competitive advantage is achieved compared to peer countries.
Free Trade Process with the European Union
Additionally, the free trade agreement between India and the European Union is expected to be signed in December and come into force at the beginning of next year.