All posts tagged: US India interim trade deal

U.S., India trade deal in final steps: Sergio Gor

U.S., India trade deal in final steps: Sergio Gor

Published by Parlour News

U.S. Ambassador to India Sergio Gor. File | Photo Credit: The Hindu The U.S.-India trade deal is in its “final steps”, with only the last one per cent of negotiations left to be concluded, US Ambassador to India Sergio Gor said on Tuesday (June 30, 2026), expressing confidence that the deal would soon be sealed after nearly 18 months of talks. Addressing the US-India Strategic Partnership Forum Leadership Summit in Washington, Mr. Gor said he was determined to conclude the agreement as it would be beneficial to both nations. “We are in the final steps on this deal. Most of this deal is complete. There’s a few items that remain on both sides. It’s in the last 1% of that deal,” he said. The U.S. envoy to India was bullish about the bilateral relationship and cited the personal equation between U.S. President Donald Trump and Prime Minister Narendra Modi which was driving the ties. “People ask, why is this taking so long? We’ve been at this for a year and a half. To put it …

India, US begin talks on interim trade deal

India, US begin talks on interim trade deal

Published by Parlour News

Negotiating teams of India and the United States on Tuesday launched their three-day in-person discussions to finalise an interim bilateral trade agreement (BTA) with Washington seeking greater market access and New Delhi demanding comparative duty advantage for its goods in the American market, people familiar with the matter said. Negotiations are progressing in the right direction in New Delhi and some outcome is expected by June 4, said people familiar with the matter. (File Photo/AFP) Barring tariff architecture, all other matters were almost settled on February 7, the people added, requesting anonymity. The US is now working on a new legally tenable tariff architecture that would give advantage to Indian goods over those from competitors such as Vietnam, Bangladesh, Sri Lanka and Pakistan, they said. On February 7 this year, the two countries reached a framework for an interim agreement after negotiations that lasted almost a year. But before the two could seal a deal, the US Supreme Court on February 20 invalidated the basis of the tariff architecture. India and the US have been engaged …