New Delhi, July 30 -- India on Wednesday said that it has taken note of a statement by the US President on bilateral trade and is studying its implications.

A statement by the Commerce and Industry Ministry said that India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months.

"We remain committed to that objective," the statement said.

It said the Government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs.

"The Government will take all steps necessary to secure our national interest, as has been the case with other trade agreements including the latest Comprehensive Economic ...