US-India Trade Deal Could Be Signed In 3-4 Months, US Official Says
The official said the agreement was nearly complete

National · 21 updates
The official said the agreement was nearly complete
U.S. Trade Representative Jamieson Greer held multiple meetings with Commerce Minister Piyush Goyal; however, the two sides have not yet been able to announce a deadline by which the trade deals will be finalised
India's trade pact with the US awaits tariff competitiveness restoration for its first phase. Minister Piyush Goyal stated India needs a comparative advantage over rival nations. This condition must be met before the bilateral trade agreement can commence. Meanwhile, a US legislative proposal could impose tariffs on Russian energy buyers. India has increased its Russian crude oil purchases amid supply disruptions.
Commerce Minister Piyush Goyal said that India's nine FTAs, spanning economies representing about $60 trillion of GDP, would provide preferential access to nearly two-thirds of global trade
India and the United States are nearing a trade deal, focusing on preferential market access. Other trade agreements with Chile and New Zealand are also progressing well. India aims to diversify its services exports beyond IT and professional sectors. The nation sees significant growth potential in its fintech and e-commerce sectors. Reducing remittance costs offers substantial benefits for migrant workers globally.
The US grain industry argued that corn should be judged on its life cycle carbon emissions rather than simply as imported genetically modified grain.
India and the US are finalizing their interim trade agreement framework, as circumstances have changed since February. Commerce Minister Piyush Goyal indicated that negotiations would consider recent shifts in the US tariff landscape. Trade talks are also progressing with other countries, including Canada and Mexico. Goyal emphasized the need for legal expertise in negotiating comparative advantage for Indian goods.
Piyush Goyal also said trade pact negotiations are on with number of regions including Israel, Chile, GCC, and Russia-led group Eurasian Economic Union
Can local talent fully replace Indian contribution? Why is the US leading in setting up Global Capability Centres in India - over 60% - and pocketing the IP?
Piyush Goyal said that the free trade agreement between India and the European Union will be inked in December and will come into force from February or March next year.
India is seeking better tariffs than its competitors for its goods in the US market
Commerce Minister Piyush Goyal said that the deal was going through its final contours and the legal drafting. His comments come soon after Ministers on both sides indicated that talks were hitting blocks and that finalisation might be some time away