New Delhi, Oct. 15 -- The first tranche of the India-US Bilateral Trade Agreement (BTA) has been finalised and is currently undergoing legal drafting and final review, said Union Commerce and Industry Minister Piyush Goyal.

Speaking at the inauguration of Shri Ram College of Commerce's (SRCC) Centenary Conclave, Goyal expressed hope that the agreement would be operationalised soon, once India secures a competitive advantage over its peer countries.

"US bilateral trade agreement first tranche has been finalised. It's going through the final contours, the legal drafting, and we hope to be able to finalize that soon and operationalize that once we get comparable advantage or competitive advantage over our peer countries," he said.

India's...