India-US trade deal hinges on preferential terms from Washington: Goyal

India will announce the final details of its proposed Bilateral Trade Agreement (BTA) with the United States only after Washington agrees to provide preferential tariff terms compared with India's competitors, Commerce and Industry Minister Piyush Goyal said on Thursday.

“As soon as the US is able to give us the preferential rate in comparison to our competition, we will finalise the BTA and announce the final details,” Goyal said.

The minister was addressing a national workshop on the Leveraging FTAs Outreach programme when he made the remarks.