„The desire was expressed to conclude this initially limited trade package and to recognize the complementarities of bilateral trade between India and the United States, and discussed the possibility of a free trade agreement,“ the ministry said in a statement. „He mentioned the various conservation measures put in place by Indian maritime states to protect sea turtles. Minister Ross welcomed India`s concerns and agreed to facilitate a meeting between State Department and Marine Conservation Office officials with the Indian Ministry of Fisheries and the Ministry of Forestry and Environment in this regard,“ he said. Other Asian nations observing trade agreements with the West, Vietnam already has one after intense negotiations for a free trade agreement with the EU, the talks have stalled since 2013, as disputes on several issues could not be resolved. „It is very important to see who is really interested in this rapid free trade agreement,“ said Afsar Jafri of GRAIN, an international NGO that supports small farmers. Jafri said that peasants were a major electoral bank for Trump and that he may be seeking access to India`s market on the eve of the U.S. presidential election to gain their trust. Full multilateral agreements (not listed below) see: List of multilateral free trade agreements. Recently, Trade and Industry Minister Piyush Goyal said That India and the United States were working on a free trade agreement that could take years, but that they could also consider an early trade agreement of 50 to 100 products. He said such a quick trade deal could be reached after only a few phone calls. Vietnam, which is becoming a huge competition for many economies, has already signed a trade pact with the EU. Cornyn said he and Senator John Barrasso supported legislation that would speed up the approval process and increase LNG exports to countries. Typically, trade agreements, including the one with the Association of South Asian Nations (Asean), have not worked in India`s favour, but experts felt that New Delhi should not only remain in common with other countries to stimulate trade, but also to be heard within the international community.
Foreign Minister Harsh Shringla`s seven-day trip to Europe a few weeks ago is seen as an important development in this direction. On Thursday, the first autonomous summit between Prime Minister Narendra Modi and his counterpart Xavier Bettel was held via videoconference, the first highlighting the need to expand trade and economic cooperation between India and the EU. EFTA has bilateral agreements with the following countries – including dependent regions – and the blocs: India and the United States are negotiating a limited trade agreement to resolve trade disputes, in order to boost economic relations. On the other hand, the United States wants better market access for its agricultural and manufacturing products, dairy products and medical devices, in addition to reducing import duties on certain information and communication technology products.