India Eyes Framework Trade Deal with US by Year-End

India is optimistic about finalizing a framework trade deal with the US by year-end, aiming to tackle tariff issues benefiting Indian exporters. The current hurdle stems from tariffs imposed under the previous US administration. Ongoing parallel negotiations also involve a comprehensive bilateral trade agreement.

India is optimistic about finalizing a framework trade deal with the United States by the end of this year, according to Commerce Secretary Rajesh Agrawal. The agreement is expected to address existing tariff issues to benefit Indian exporters.

Prolonged negotiations have been ongoing between the two countries, with prior expectations for a bilateral trade deal by the fall of 2025. However, tariffs from the Trump administration have created significant obstacles. The framework deal aims to resolve these hurdles.

In parallel, discussions on a broader bilateral trade agreement are underway. Secretary Agrawal highlighted that while these are separate negotiations, the framework deal is a necessary precursor to the comprehensive agreement. Both nations are close to resolving outstanding issues, but political decisions remain pending.

(With inputs from agencies.)