Aim is to achieve $500 bln trade between India, US annually: Piyush Goyal

NEW DELHI, Feb 7: Commerce Minister Piyush Goyal said the Government objective is to achieve bilateral trade of USD 500 billion between India and the United States annually. Addressing a presser on India-US joint statement on Saturday, he said , “India-US joint statement will significantly widen access for Indian exporters to the US market under the Most Favoured Nation (MFN) framework, opening up major new trade opportunities.” “The US market will open wider for Indian exporters with MFN status, which will greatly enhance our trade prospects,” Goyal said. ‘Most-Favored Nation’ is a principle requiring countries to treat all trade partners…