Striking Gold: A Deep Dive into the India-US Bilateral Trade Agreement Negotiations

India and the US aim to finalize a bilateral trade pact (BTA) to boost trade. Talks focus on resolving tariff disputes and enhancing market access. The agreement targets doubling trade to $500 billion by 2030. India leads negotiations as the US team prioritizes it for the trade talks.

The push for a bilateral trade agreement (BTA) between India and the United States is gaining momentum. Both countries seek to ease tensions over reciprocal tariffs and expand trade through the proposed pact.

Negotiations come in light of the US's recent imposition of a 27% import duty on Indian goods, adding urgency to the discussions. Officials from the US and India are actively engaged in formulating an agreement that aims to substantially increase bilateral trade to $500 billion by 2030.

With complex negotiations underway, there remains a hopeful sentiment from the Indian side. The agreement seeks to address tariffs on various goods, with the US seeking concessions in industrial sectors and India targeting benefits for labor-intensive industries like textiles.

(With inputs from agencies.)