India, Oct. 16 -- Commerce and Industry Minister Piyush Goyal on Thursday said the first tranche of the proposed India-US trade agreement has been finalised and is undergoing legal drafting, signalling progress in negotiations between the two countries.

The government hopes to complete the process soon, with implementation contingent on India securing a competitive advantage for its exporters.

"The first tranche has been finalised and is going through the final legal drafting. We hope to finalise it soon and operationalise it once we get a competitive advantage over our peer countries," Goyal said. Negotiations between India and the United States on the proposed bilateral trade agreement are progressing positively, with discussions in ...