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India Does Not Have Any Trade Dispute With The U.S., Says Piyush Goyal

There is a huge potential for investments by U.S. firms in India, Commerce Minister Piyush Goyal says at India Energy Forum.

Commerce Minister Piyush Goyal. (Photo: PTI)
Commerce Minister Piyush Goyal. (Photo: PTI)

Commerce Minister Piyush Goyal on Tuesday said India does not have any trade disputes with the U.S., and there is huge bilateral trade potential.

Speaking at the India Energy Forum, he said, "We don't have any dispute with the U.S. There are differences with the U.S. which are there in any bilateral relation." Talking about these differences he also said that a little uncertainty in any relation is also good for having healthy bilateral relations.

He was of the view that there is huge potential for investment by U.S. firms in India.

On the imposition of anti-dumping duty on imports by Directorate General of Trade Remedies, he said that it is a quasi-judicial body and has nothing to do with the government.

About the economic slowdown, he said that Indian economy can do well without these structural adjustments.

He pointed that the domestic economy did well for five years except the last two quarters.

Indian economic growth slowed to 5 percent in April-June quarter this fiscal.