US to give India preferential market access, lower tariffs than rivals: Piyush Goyal

New Delhi, Nov 15 (UNI) India has secured an understanding with the United States that will give its exporters preferential access to the American market, with lower import duties compared to competing countries, Commerce and Industry Minister Piyush Goyal said on Sunday. The arrangement was agreed upon by Prime Minister Narendra Modi and US President Donald Trump when the two countries announced a broad framework for their bilateral trade agreement (BTA). Speaking to reporters in Cairo, Goyal said negotiations were currently underway to finalise the first phase of the trade pact. He reiterated that the agreement would provide Indian goods…