India, US in process of advancing discussions on multi-sector BTA, says MEA

The MEA further stated that its objectives is to bolster India-US trade across goods and services sector, increase market access and reduce tariff

India US Trade
India US Trade
Mohammad Anab Delhi
2 min read Last Updated : Mar 07 2025 | 6:23 PM IST
The Ministry of External Affairs (MEA) shed light on the ongoing issue regarding the reciprocal tariff being imposed on India by the United States.
 
Speaking on the reciprocal tariff policy, the MEA said that during Prime Minister Narendra Modi's US visit, both countries had announced plans to negotiate a mutually beneficial trade deal.
 
It added that India and the US are in the process of advancing discussions on a multi-sector bilateral trade agreement.
 
The MEA further stated that its objective is to bolster India-US trade across the goods and services sector, increase market access, and reduce tariffs. It further aims to deepen supply chain integration between India and the US via the trade deal.  UK security breach row
 
Speaking on the recent incident of the breach of Foreign Minister S Jaishankar's security during his visit to the UK, the MEA spokesperson Randhir Jaiswal said that the Indian govt has conveyed its deep concern to the British authorities.
 
"We have noted the UK's statement, and our view of its sincerity would depend on the action taken against the culprits," Jaiswal added.  Bangladesh political turmoil
 
Neighbouring nation Bangladesh has witnessed political turmoil since the ousting of the Sheikh Hasina government and the new dispensation led by economist Muhammad Yunus took over the reins. The MEA stated that India remains concerned about the deteriorating law and order situation, which has been further exacerbated by the release of violent extremists.
 
It further added that they support a stable and peaceful Bangladesh and want an inclusive election to be held in the neighbouring country.
 
Speaking on the condition of religious minority groups in the neighbouring nation, Jaiswal said that it is the responsibility of the Bangladesh interim government to protect Hindus and other minorities as well as their religious institutions. 
"However, only 1254 incidents out of over 2374 incidents reported from August 5, 2024 to February 16, 2025 have been verified by the police. Further, 98 per cent of these 1254 incidents were deemed 'political in nature'," he said. 
"We expect Bangladesh to thoroughly investigate and bring all perpetrators of killings, arson and violence to justice without making such distinctions," Jaiswal added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :US India relations US trade dealstariffs

First Published: Mar 07 2025 | 5:10 PM IST

Next Story