The US earlier said that once the agreement on duty rate cut is implemented, Washington will work with New Delhi “to notify within 10 days thereafter” a mutually agreed solution for terminating the outstanding WTO dispute.
India and the US have decided to focus instead on greater market access, ease of doing business between the two countries and a larger footprint regarding trading, investment and business, the Minister said on Wednesday.
The Modi government and the Biden administration are "thinking big" in terms of their trade and commerce relationship, Union Commerce and Industry Minister Piyush Goyal said on Wednesday.
The U.S. Trade Representative's office said it is moving to terminate its trade retaliation case against India after Washington and New Delhi agreed on a global tax deal transition arrangement that will withdraw India's digital services tax.