Commerce and Industry Minister Piyush Goyal today said that the first tranche of the bilateral trade agreement between India and the USA is almost ready. Addressing the media in New Delhi, Mr Goyal said that India expects to finalise and sign a joint statement between both countries in about 4 to 5 days. He said that after signing the joint statement, the USA will issue an executive order to reduce the tariff to 18%. The minister further added that, after the joint statement, a formal agreement is also being drafted, which is expected to be signed by mid-March.