The India-US trade agreement is close to finalization, with negotiators resolving remaining issues, according to US Ambassador to India Sergio Gor. Gor expressed confidence in concluding the deal soon after 18 months of negotiations. Both countries’ officials have been intensively engaged to bring the agreement to completion, with the deal in its final stages.
Negotiations have been time-consuming due to the deal’s complexity, with trade agreements of this magnitude typically taking years to finalize. Gor emphasized the mutual benefits of the agreement, aiming to enhance bilateral trade relationships and provide stability for businesses. The agreement is seen as a win-win situation that can elevate the partnership to new heights.
Gor highlighted the significant expansion of bilateral trade between the US and India over the past two decades, reaching $220 billion. He mentioned the ambitious goal set by President Trump and Prime Minister Modi to increase bilateral trade to $500 billion. Gor emphasized the readiness to enhance cooperation with India, noting India’s substantial exports to the US.
The US Ambassador dismissed claims of weakening bilateral ties, asserting that the overall relationship remains robust. He underscored President Trump’s commitment to strengthening cooperation in trade, technology, defense, and investment with India. The ongoing negotiations aim to boost market access, reduce trade barriers, and enhance economic cooperation between the two nations.
