India, Nov. 19 -- Union commerce minister Piyush Goyal said on Tuesday that the India-US trade negotiation was making positive progress, assuring members of the Indo-American Chamber of Commerce (IACC) that "when the deal becomes fair, equitable, balanced, you will hear very good news."

Speaking at the 22nd Indo-US Economic Summit, organised by the IACC, Goyal sought to minimise concerns about any friction in the relationship. "I don't see any reason to be very worried. I don't believe there is any hiatus in the relationship. It continues to be very important, very strategic for both countries, the United States and India," he stated.

The minister's remarks come a week after US president Donald Trump indicated matters were progressing w...