India and US Accelerate Bilateral Trade Talks Amid Tariff Concerns

India and the US are in active negotiations over a Bilateral Trade Agreement aimed at enhancing mutual market access and addressing tariffs. A recent US announcement on additional tariffs prompts discussions at the Quad Foreign Ministers’ Meeting to maintain negotiation momentum towards an early agreement conclusion.

The governments of India and the United States are currently engaged in intensive negotiations over a Bilateral Trade Agreement (BTA), according to details presented to the Indian Parliament on Thursday.

Minister of State for External Affairs, Kirti Vardhan Singh, emphasised the discussions are focused on adopting a comprehensive approach to deepen bilateral trade, with a specific focus on reducing both tariff and non-tariff barriers and enhancing market access.

The trade teams are working to maintain positive momentum, aiming towards the quick conclusion of a multi-sector agreement. Recent US tariffs on Indian exports were a key topic at the Quad Foreign Ministers' Meeting, reinforcing the need for effective negotiation strategies.

(With inputs from agencies.)