Commerce Minister Piyush Goyal had a "forward looking" discussion with US Trade Representative Jamieson Greer on a mutually beneficial bilateral trade agreement.
US Commerce Secretary Howard Lutnick on Friday expressed optimism about India-US trade ties, emphasizing the need for India's agricultural trade to open up amid US President Donald Trump's plans to impose reciprocal tariffs on US trading partners, including India.
Ajay Sahai, Director General and CEO of Federation of Indian Export Organisations (FIEO), said he sees US President Donald Trump's recurring statement against India- as a 'tariff king'- to be a negotiating posture.
Recognizing that this level of ambition would require new, fair-trade terms, the leaders announced plans to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall 2025.
Addressing reporters ahead of the meeting of PM Narendra Modi with US President Trump, the official said, "I anticipate what will be coming out of the meetings today will be further momentum towards a solidified fair bilateral trade arrangement between our two dynamic and growing economie
India and the United States may finalize a large trade deal within the first year of Donald Trump's second term as President, but the negotiations will be challenging, according to Mark Linscott, Senior Advisor (Trade) and former Assistant US Trade Representative.
Despite losing Generalized System of Preferences (GSP) status under the Trump administration's first term, India's trade with the United States demonstrated notable resilience and growth, highlighted a report by State Bank of India.
At a time when threats from the Khalistani elements to India are on the rise, the United States Deputy Secretary of State for Management and Resources, Richard Verma, has said that there is a requirement to operate within the law, and when people cross that line, they will be held account
Union Minister of Commerce and Industry, Piyush Goyal, met the United States Deputy Secretary of State for Management and Resources, Richard Verma, on Monday in Delhi and held discussions on the trade ties shared by the two nations.
Hailing India's economic growth, the President and Chief Executive Officer of the US-India Strategic Partnership Forum, Mukesh Aghi called it "story of the year" and added that the country's growth is much more predictable than any other now.