India-US BTA to Come into Operation Once India Gets Comparative Advantage: Piyush Goyal

India-US BTA to Come into Operation Once India Gets Comparative Advantage: Piyush Goyal

Union Minister of Commerce and Industry, Piyush Goyal, has said that the India-US bilateral trade agreement (BTA) will come into operation once India gets a comparative advantage over competing countries in the neighbourhood and the ASEAN region. Goyal made the statement while addressing a gathering of industry leaders. He noted that the government has been working to create an enabling environment for Indian businesses to grow and compete with other countries. The minister emphasized the importance of the BTA in promoting trade between India and the US. He also highlighted the need for India to get a comparative advantage over competing countries to ensure that the BTA is successful. India Shipping News reported that Goyal made the statement while addressing a gathering of industry leaders at a conference in New Delhi. The conference was attended by representatives from various industries, including startups and MSMEs. Goyal's statement is expected to have a significant impact on the growth of the Indian economy.