India Says US Trade Deal Nears Final Drafting

India announced that the first phase of its trade agreement with the United States is in final drafting stages. Trade officials stressed that New Delhi will proceed only if exporters secure a competitive edge over regional rivals.

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FILE PHOTO: A mobile crane carries a container to stack at Thar Dry Port in Sanand in the western state of Gujarat, India, July 15, 2026. REUTERS/Amit Dave/File Photo

India is finalizing the first phase of a bilateral trade pact with the United States, targeting competitive tariff parity against regional peers. Trade Minister Piyush Goyal said the framework requires comparative advantages over rivals. The agreement aims to secure preferential access and tariff stability for Indian exporters in the American market.

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