India and the U.S. share an equal commitment towards expanding trade and commerce between the two countries, Commerce and Industry Minister Piyush Goyal said, while adding that there could be “good news” on a trade deal once it becomes “fair, equitable, and balanced”.

The Hindu had reported on November 17, citing a senior official in the Ministry of Commerce and Industry, that the first tranche of a trade deal with the U.S., dealing with the reciprocal tariffs, was near completion .

“Negotiation is a process and India as a nation has to secure its interests, and the interests of its stakeholders, businesses, and balance it with our sensitivities, our farmers, fishermen, and small industries,” Mr. Goyal said while speaking at the 22nd Indo-U.S. Economic Summit organised by the Indo-A

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