India and US target mid-July for first phase trade deal
Trade Minister Piyush Goyal announced that India and the U.S. are moving swiftly to close open ends of a bilateral trade agreement. The initial tranche is expected to be executed by mid-July, providing India with preferential market access despite recent U.S. tariff proposals.
India and the United States aim to finalize the first tranche of a bilateral trade agreement by mid-July. Both nations reached an initial understanding in February before legal challenges to American tariff measures slowed negotiations. The deal seeks to restore preferential trade access for Indian exporters to American markets.
### Accelerating Trade Negotiations in New Delhi Trade Minister Piyush Goyal said on Friday morning that officials from both nations are moving swiftly to close all open ends of the deal. Negotiations gathered pace during meetings in New Delhi this week following a period of stagnation. Goyal noted that the initial phase of the agreement will provide India with a competitive edge over other trading partners.
