Commerce and Industry Minister Piyush Goyal has stated that an India-US trade deal will not be announced until certain conditions are met. The minister is seeking tariff concessions that give Indian exports a more favourable position than those of competing countries.

Goyal's remarks underscore a major hurdle in trade negotiations between the two parties. He wants tariff concessions comparable to those given to exporters like Vietnam and Bangladesh.

Further details on the proposed agreement and the conditions for its finalisation are available, outlining the minister's expectations for preferential rates for Indian products.