No trade disputes with US, only few disagreements: Piyush Goyal

Image
Press Trust of India New Delhi
Last Updated : Oct 15 2019 | 2:50 PM IST

Commerce Minister Piyush Goyal on Tuesday said India and the US do not have any trade disputes and both nations have huge bilateral trade and investment potential.

Speaking during a ministerial panel discussion at India Energy Forum here, Goyal said, "There is no (trade) dispute (with the US). We had certain disagreements, but I dont think that there is... any relation where there are no disagreements at all. I think we welcome some 'nok jhok' (argument). Little bit of uncertainty helps in taking things forward."
Referring to the withdrawal of GSP by the US, Goyal said, it could be a "dispute in the eyes of some, but I think it opened up an opportunity for me to have a dialogue with my colleague (US trade representative). We had some wonderful discussions."
About the business potential with US Energy firms he said, "There is huge potential on the gas side and also in nuclear energy. The US and India have a robust relationship, which has huge potential going forward... We should not look at incremental growth in our relationship. We should be looking at a quantum leap. We have set half-trillion-dollar (trade) target (with the US)."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 15 2019 | 2:50 PM IST

Next Story