Chief negotiator and commerce secretary designate Rajesh Agrawal, who headed a team of commerce department officials, held talks with his counterpart in Washington during April 23-25
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 US officials report positive progress in their trade talks, focusing on a multi-sector Bilateral Trade Agreement; roadmap is in place to conclude the deal in the near future
India and the US are looking at an "early mutual wins" before finalising the first phase of the proposed bilateral trade agreement, the commerce ministry said on Tuesday. Chief negotiators of both the countries concluded a three-day talks in Washington last week. During the meetings in Washington, the teams deliberated on wide-ranging subjects including tariff (related to goods) and non-tariff matters. "The team discussed the pathway for concluding the first tranche of the mutually beneficial, multi-sector Bilateral Trade Agreement by fall (September-October) of 2025, including through opportunities for early mutual wins," it said in a statement. While productive sectoral expert level engagements have taken place virtually, in-person engagements are planned from May end.
India's trade deficit widened more than expected in March, as oil imports jumped more than 60 per cent from a month earlier
The US has in recent days raised serious concern over non-tariff barriers the American businesses face in India
India is likely to ask the US to ease export controls and grant it access to critical technologies on par with key American allies like Australia, the UK, and Japan under the proposed bilateral trade agreement (BTA), sources said. They added that India may seek these easing for sectors like telecom equipment, biotechnology, AI (artificial intelligence), pharmaceuticals, quantum computing and semiconductors. The country is also seeking duty concessions for labour-intensive sectors like textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, chemicals, grapes and bananas in the proposed pact with America. On the other hand, the US wants duty concessions in sectors like certain industrial goods, automobiles (electric vehicles particularly), wines, petrochemical products, dairy, agriculture items such as apples, and tree nuts, they said. As part of the proposed BTA, one of the sources said, India may request the US to place it on par with other ke
Patel stated that the Pahalgam attack is a reminder of the constant threats that the world faces from the evil of terrorism
India and the US have a continuous dialogue and communication on the bilateral trade deal and the first tranche is set to roll out by fall this year, Minister of State for the Ministry of Commerce & Industry and the Ministry of Electronics & Information Technology Jitin Prasada said. Prasada made these remarks while addressing members of the Indian-American community at an interactive session organised by the Consulate General of India in New York on Friday. India and the US share a great relationship, and there is continuous dialogue and communication between both countries. The last dialogue that Prime Minister (Narendra) Modi and President (Donald) Trump had, the formalities and modalities of the bilateral trade agreement have been worked out, and by September, this fall, you will see the first tranche of our programme and policies, Prasada said. At the beginning of the event, a moment of silence was observed to pay respects to the victims of the Pahalgam terror attack in ..
Says govt has been able to protect domestic steel industry from 'dumping'
Trump said India may reduce its high tariffs as part of the bilateral deal
India is on the brink of becoming the first nation to clinch a trade pact with the US, potentially dodging Trump's steep 26 per cent tariff and deepening economic ties
US Vice-President J D Vance on Wednesday visited the Taj Mahal along his Usha Vance wife and their three children, officials said. "The Taj Mahal is amazing. A testament to true love, human ingenuity and a tribute to the great country of India," Vance wrote in the visitor's diary after his visit. The Vance family landed at the Agra airport from Jaipur on Wednesday, where he was welcomed by Uttar Pradesh Chief Minister Yogi Adityanath, officials said. "A warm welcome to hon'ble US Vice President Mr JD Vance and his family to Uttar Pradesh, the sacred heartland of India, renowned for its timeless devotion, vibrant culture and spiritual legacy," Adityanath posted on X. Vance was accompanied by his wife Usha, and their three children -- sons Ewan and Vivek, and daughter Mirabel. The family is on a four-day visit to India. At the airport, Vance was seen briefly interacting with Adityanath, who welcomed the guests with flowers. The Vance family travelled by car from the airport to the
The factsheet said the United States has long recognised significant trade barriers with India
While Trump has been labelling India as a high tariff nation and a 'tariff king', Vance refrained from using such words against India
President Donald Trump on Tuesday said that the terror attack in Jammu and Kashmir was "deeply disturbing", asserting that the US stands strongly with India against terrorism. Terrorists opened fire at a famed meadow near Pahalgam town in Jammu and Kashmir, killing 26 people, mostly tourists, in what is the deadliest attack in the Valley since the Pulwama strike in 2019. "Deeply disturbing news out of Kashmir. The United States stands strong with India against Terrorism," Trump said in a post on Truth Social. "We pray for the souls of those lost, and for the recovery of the injured. Prime Minister (Narendra) Modi, and the incredible people of India, have our full support and deepest sympathies. Our hearts are with you all!" he added. The 26 dead in the Pahalgam attack included two foreigners - from UAE and Nepal - and two locals, a high-ranking Indian official said, without getting into details.
Speaking at an event in Jaipur, JD Vance said the US is eager to collaborate more closely with India in areas such as national security, infrastructure, emerging technology, and energy
US Vice President J D Vance's visit to India takes dialogue between the two countries a step further, Union Minister Jyotiraditya Scindia said on Tuesday as New Delhi looks to stitch an early deal with Washington that spares it from President Donald Trumps' additional tariff hikes. Vance began a four-day tour of India on Monday as the two nations engage in talks to nail a bilateral trade agreement that would avoid reciprocal tariffs. A 26 per cent 'reciprocal' tariff on Indian exports to the US is currently on a 90-day pause, set to expire on July 8. However, like other countries, India is presently subject to a 10 per cent tariff under the existing policy. In an interview with PTI, Scindia said India and the US represent "tremendous markets", adding that closer cooperation between the two nations is not only mutually beneficial but also in the broader interest of the world. "Vice President of the United States coming to India is a very welcome and a very important step. I think it
However, US Trade Representative Jamieson Greer claimed that there is a 'serious lack of reciprocity' in trade ties with India
The Trump administration is pushing India to ease FDI and platform rules that limit foreign ecommerce firms like Amazon to marketplaces, while local players can sell directly and operate freely