New Delhi, Sep 16
India and the US, at a high-level official meeting held here on Tuesday amid the thaw in the relations between the two countries, decided to intensify efforts to achieve an early conclusion of a mutually beneficial trade agreement.
According to Commerce Ministry sources, trade discussions are going on at several levels, and further course of action will be decided after the trade talks with the US Chief Negotiator, Lynch.
There is a positive frame of mind on both sides while approaching trade issues. The teams are set to discuss all the pending issues related to the trade deal. Certain issues are in the diplomatic realm where the MEA is also engaged.
Meanwhile, India's merchandise trade deficit narrowed to $26.49 billion in August from $27.35 billion in July.
Despite global and trade policy uncertainties, Indian exporters have done well. It shows that the government's policy has paid off.