After months of talks, the two nations failed to finalise an interim trade agreement during US Trade Representative Jamieson Greer's visit to New Delhi last month
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 ...
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
The framework is designed to deepen comprehensive cooperation across the entire critical minerals and rare earth supply chain
With the US agreeing to cut tariffs on Indian goods to 18%, industry expects India's textile and apparel exports to gain a competitive edge and post double-digit monthly growth from FY27
The announcement came after a phone call between Prime Minister Narendra Modi and Trump
New Delhi would seek a reciprocal US tariff of 20 per cent or less and a swift deal, fearing Indian exporters could fall further behind Southeast Asian rivals if negotiations drag on
Open access to US and EU markets will make India a highly attractive destination for global investors, says Finance Commission Chairman Panagariya
India and the US are working to finalise an interim trade pact by fall 2025 as negotiators prepare for talks in Washington amid Trump's reciprocal tariff warnings
India is trying to negotiate and finalize a trade agreement with the US, Special Secretary in the Department of Commerce Rajesh Agrawal said on Thursday. Agrawal is also the chief negotiator of the proposed India-US bilateral trade agreement. The aim is to conclude the first phase of this pact by fall (September-October) of this year. Before that, the two countries are looking to finalise an interim trade agreement. Agrawal said that India has so far implemented more than 14 Free Trade Agreements (FTAs) with 26 countries. "Now we are integrating with major markets also... we just concluded an agreement with the UK, we are in an advanced stage of negotiations with the European Union, we are trying to negotiate and finalize a deal with the USA," he said here at an event on export logistics. India, he said, is also negotiating trade pacts with Latin American countries including Chile and Peru. "We have done (trade pact) with Australia and UAE. We are in negotiations with New Zealand
The push comes as Trump announced an agreement with Vietnam that cuts US tariffs on many Vietnamese goods to 20 per cent from his previously threatened 46 per cent
The talks are still ongoing and there's no clarity if the Trump administration has agreed to a three-stage process for a trade deal
India's proposal to impose retaliatory import duty on certain US products in response to American tariffs on steel and aluminium could cast a shadow over ongoing negotiations for a trade agreement between the two countries, think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that if the US engages in consultations with India on the matter or withdraws tariffs, a resolution may be reached. Otherwise, India's retaliatory import duties could take effect in early June, potentially impacting US exporters and deepening trade frictions, it added. In a significant move targeting US safeguard duties on steel, aluminium, and their derivative products, India has formally notified the World Trade Organisation (WTO) of its intention to suspend trade concessions granted to the US. The proposed suspension of concessions could take the form of increased tariffs on selected US products. While India has not disclosed those items yet, in a similar move in 2019, it had ..
India should take cues from the US-UK trade pact and exercise caution while negotiating an agreement with America to ensure that the deal is reciprocal, balanced, and not driven solely by political considerations, economic think tank GTRI said on Saturday. The limited trade deal announced between the US and UK on May 8 offers clues about the kind of trade arrangements Washington may pursue with other major partners, most notably India, the Global Trade Research Initiative (GTRI) said. A closer look reveals that while the UK has made sweeping tariff concessions to America, the US has offered far less in return, it added. "If the UK-US deal sets the template, India can expect growing US pressure to finalise a mini-deal of its own - focused on tariff cuts and key strategic commitments rather than a full free trade agreement (FTA) that may come much later," the think tank said. It also cautioned that India may be asked to reduce tariffs on a basket of sensitive agricultural products, .
India has offered preferential access to nearly 90% of goods imported from the United States, including the reduced tariffs, one of the two officials said
India has already made a number of offers and pre-emptive concessions to the US on trade, showing itself more eager than several other big US trading partners
India and the United States agreed in February to work on the first phase of a trade deal to be concluded late this year, with a view to reaching two-way trade worth $500 billion by 2030
Unlike China, Canada and the EU, India is actively seeking to appease the Trump administration and is open to cutting tariffs on over half of US imports worth $23 billion
Goyal met key officials of the Donald Trump-led administration in Washington last week, including Greer, and his counterpart Howard Lutnick to discuss urgent trade issues
Modi is preparing additional tariff cuts ahead of his meeting with Trump that could boost American exports to India and avoid a potential trade war, government officials said