India Us Trade Deal

US-India trade deal nearing completion after 18 months of talks: Sergio Gor

The US-India trade deal is in its "final steps", with only the last one per cent of negotiations left to be concluded, US Ambassador to India Sergio Gor said on Tuesday, expressing confidence that the deal would soon be sealed after nearly 18 months of talks. Addressing the US-India Strategic Partnership Forum Leadership Summit here, Gor said he was determined to conclude the agreement as it would be beneficial to both nations. "We are in the final steps on this deal. Most of this deal is complete. There's a few items that remain on both sides. It's in the last 1 per cent of that deal," he said. The US envoy to India was bullish about the bilateral relationship and cited the personal equation between US President Donald Trump and Prime Minister Narendra Modi which was driving the ties. "People ask, why is this taking so long? We've been at this for a year and a half. To put it into perspective, we've been trading for 20 years. So no matter what, once we beat the European deal, I th

US trade pact proposal more like one-sided market access: Ashwani Mahajan

Ashwani Mahajan says the proposed India-US trade pact has become a one-sided market access arrangement, with key differences persisting over agriculture, data and Russian oil

Weekly economy wrap: Core sector slowdown, US trade talks shape policy week

India's policy week was marked by US trade talks, weak core output, stronger FDI, coal-import substitution and a faster disinvestment push

Indian envoy Vinay Kwatra discusses trade ties with US House panel

India's envoy to the US, Vinay Mohan Kwatra, discussed the path to deepen bilateral trade partnership with the leadership and members of the Ways and Means Committee of the American House of Representatives. "Joined a special roundtable discussion on key aspects of the US-India bilateral trade relationship with the leadership and members of the House Ways and Means Committee," Indian Ambassador Kwatra said in a post on X. "We exchanged views and discussed the way forward to further expand and deepen the trade partnership," Kwatra said. The meeting comes against the backdrop of the negotiations between the two countries to finalise an interim bilateral trade agreement. The Committee on Ways and Means is the oldest committee of the United States Congress, and is the chief tax-writing panel in the House of Representatives. Committee Chairman Jason Smith, a Republican from Missouri, and Ranking Member Richard Neal, a democrat from Massachusetts, were among those present at the ...

No US trade deal until India gets competitive edge, says Piyush Goyal

Commerce minister says agreement hinges on Washington providing tariff advantage against rival economies

India, US end latest trade talks with no clarity on proposed interim deal

Commerce Minister Piyush Goyal and US Trade Representative Jamieson Greer reviewed key trade issues, but negotiations offered few signals on when an interim agreement may be concluded

India, US review trade pact progress, no clarity yet on interim deal

India and the US on Wednesday concluded two-day ministerial-level talks on the proposed first phase of the bilateral trade agreement (BTA), a framework for which was announced in February this year. Both sides are looking at finalising the talks before the expiry of the 10 per cent temporary tariffs imposed by the US on all its trading partners on February 24. The tariffs will expire on July 24. The talks were held between Commerce and Industry Minister Piyush Goyal and US Trade Representative Jamieson Greer here. "Concluded a series of meetings with @USTradeRep Ambassador Jamieson Greer and his delegation this morning. We reviewed progress of the ongoing IndiaUS trade discussions and explored avenues to further deepen our economic partnership. "I appreciate Ambassador Greer's leadership and the sustained efforts of both teams in advancing our discussions in a constructive and forward-looking manner," Goyal said in a social media post.

Sensex rebounds, up 1,000pts intra-day; Nifty atop 24,000; key reasons here

Private banking and select IT stocks led market pullback on Wednesday as lower oil prices, and hopes of India-US trade deal lifted sentiment.

India, US begin trade talks as two nations rework deal amid tariff changes

India and the United States opened high-level trade talks on Tuesday aimed at salvaging and recalibrating a proposed bilateral trade agreement after changes in US tariff policy upended a framework negotiated earlier this year. Commerce and Industry Minister Piyush Goyal met US Trade Representative Jamieson Greer here as both sides sought to conclude an interim trade pact before July 24, when Washington's temporary 10 per cent tariff on imports from trading partners is due to expire. "Warm welcome to @USTradeRep Amb Jamieson Greer, @USAmbIndia Amb Sergio Gor and their delegation to @DoC_GoI. Looking forward to productive discussions on the bilateral trade agreement between (India & US)," Commerce and Industry Minister Piyush Goyal said in a post on X. Greer's two-day visit comes days after Prime Minister Narendra Modi and US President Donald Trump held their first meeting in more than a year on the sidelines of the G7 summit in France on June 17, injecting fresh momentum into trade

July 24 deadline not my worry, says Piyush Goyal ahead of Greer visit

Commerce Minister Piyush Goyal says India does not negotiate trade agreements under deadlines as USTR Jamieson Greer arrives for talks on the interim trade deal

Terms of trade: Negotiations with US must adapt to new realities

India should secure a trade deal with the US that preserves its export competitiveness amid uncertainty over Washington's evolving tariff regime

India seeks tariff advantage over peers in push to finalise US trade deal

New Delhi is seeking tariff concessions superior to those offered to competing Asian economies as it works towards finalising a bilateral trade agreement with the United States

India pushing for preferential market access in US trade deal: Piyush Goyal

Commerce Minister Piyush Goyal said negotiations on the US trade deal are taking longer than expected due to a 50% tariff on Indian goods, while India continues to seek preferential market access

Decoded: What is 'sunset clause', why India may seek one in US trade deal?

Why is India considering a sunset clause in its proposed US trade deal? Here's what the provision means and how it could help New Delhi navigate tariff uncertainty

Weekly policy watch: PMI data, US trade talks, forex reserves in focus

India's policy calendar this week will track business activity, trade negotiations with the US and forex reserve trends amid global uncertainty

US Trade Representative Greer on visit to India to discuss trade deal

US Trade Representative Jamieson Greer is visiting India to take forward the discussions on the interim trade deal agreed to by Prime Minister Narendra Modi and President Donald Trump in February. "This week, Ambassador Jamieson Greer will travel to New Delhi, India, to meet with the Minister of Commerce and Industry of India, Piyush Goyal, and other senior Indian officials to discuss the historic US-India joint statement and the interim agreement as part of the broader US-India Bilateral Trade Agreement (BTA) negotiations," the office of the US Trade Representative said in a statement on Sunday. Trump and Modi met on the sidelines of the G-7 meeting in France last week where the US president said that India and the US were very close to finalising the trade agreement. Trump also called Modi a tough negotiator and highlighted the personal rapport he enjoyed with the Indian prime minister. The meeting between Greer and Goyal comes close on the heels of negotiator-level discussions o

India may seek sunset clause in US trade pact amid tariff concerns

India may seek an automatic review clause in its interim trade deal with the US, aiming to safeguard tariff concessions amid evolving American trade policies

Shaping a fresh narrative as India-US ties enter a transactional phase

Modi and Trump's G7 meeting suggested India-US ties are entering a more transactional phase, with trade and trust taking centre stage

India, US to hold two-day ministerial-level trade pact talks this week

US Trade Representative Jamieson Greer and Commerce and Industry Minister Piyush Goyal will hold two-day talks this week on the first phase of the bilateral trade agreement. "For the US trade deal talks, tomorrow my counterpart is coming to Delhi," Goyal told reporters in Mumbai. The meeting followed chief negotiator-level discussions on the pact held earlier this month (June 2-4) here in the national capital. Commerce Secretary Rajesh Agrawal has recently stated that the discussions between the two ministers are expected to be centred around giving final touches to the framework deal. On June 5, Goyal said India and the US are moving towards closing all the open ends of the interim trade agreement, and both sides are likely to execute the "very, very vibrant" first phase of the BTA by the middle of next month. IMPORTANCE OF THE MIDDLE OF NEXT MONTH -------------------------------------------------- The 10 per cent temporary tariff imposed by the US on all its trading partners o

Aurobindo Pharma stock jumps 2% after US FTC approves Lannett acquisition

Aurobindo Pharma received necessary approval from the US Federal Trade Commission (FTC) for the acquisition of the Lannett business.