India and the US Forge Stronger Trade Relations Amid EU Agreement

India and the US have made substantial strides in negotiations for a trade deal. Despite finalizing a trade pact with the EU, Indian negotiators are actively maintaining momentum with US counterparts. This approach ensures strong trade relations with both major partners, crucial for India's export market.

In a significant development, India and the United States have made notable progress in their trade negotiations. According to official sources, the nations are nearing the final stages of a deal that solidifies economic ties, even as India finalizes its mega trade agreement with the European Union.

The trade agreement with the EU is not intended as a countermeasure to current US trade dynamics. Instead, both markets hold equal importance for Indian exporters. Continuous dialogue with US negotiators has been maintained, reflecting India's commitment to achieving a comprehensive trade deal.

The agreement with the EU will notably reduce tariffs on a vast majority of goods exchanged, benefiting several sectors in both regions. Meanwhile, India's trade focus remains balanced between both economic giants, with each deal holding strategic and economic significance.

(With inputs from agencies.)