India-US Set Sights on Expediting Landmark Bilateral Trade Agreement
India and the US engaged in discussions concerning market access and digital trade among others, aiming for a Bilateral Trade Agreement (BTA) by 2025. The recent negotiations showed progress, potentially leading to an interim trade agreement by June, with India seeking tariff exemptions.
- Country:
- India
India and the United States recently held crucial discussions aimed at resolving key issues related to their proposed Bilateral Trade Agreement (BTA). Topics on the table included market access, digital trade, and customs facilitation.
During these negotiations, representatives from both countries displayed optimism about finalizing the BTA's initial tranche by September-October 2025. Talks were bolstered by the visit of an American delegation led by the Additional US Trade Representative.
The dialogue was considered productive, setting the stage for a potential interim trade agreement within June. An important element of these discussions focused on exemptions from a 26 per cent reciprocal tariff on domestic goods, with a resolution expected before the US's tariff suspension ends on July 9.
(With inputs from agencies.)
ALSO READ
US-Iran Tensions Escalate Amid Nuclear Negotiations
Key European leaders call for a resumption of US-Iran negotiations, warn Iran against indiscriminate strikes, reports AP.
Nuclear Negotiations: A Fragile Hope Amidst Escalating Tensions
High-Stakes Nuclear Negotiations: US-Iran Tensions Escalate
U.S. Extends Deadline for Lukoil Negotiations
Google News