India-US Seek 'Early Mutual Wins' In First Tranche Deal For BTA
While productive sectoral expert-level engagements have taken place through the virtual format, in-person sectoral engagements are planned from May-end.
India and the US discussed "opportunities for early mutual wins" as the two trading partners furthered negotiations for the first tranche of a Bilateral Trade Agreement by September–October this year.
An Indian delegation from the Department of Commerce met with representatives from the Office of the US Trade Representative in Washington from April 23–25 following the earlier bilateral discussions held in March in New Delhi.
"During the meetings in Washington, D.C., the team had fruitful discussions on wide ranging subjects covering tariff and non-tariff matters," the Indian government said in a statement. "The team discussed the pathway for concluding the first tranche of the mutually beneficial, multi-sector Bilateral Trade Agreement by Fall of 2025, including through opportunities for early mutual wins."
While productive sectoral expert-level engagements have taken place through the virtual format, in-person sectoral engagements are planned from May-end, it added.
The negotiations are a part of the countries' efforts to expand bilateral trade to $500 billion by 2030, as envisioned in the BTA.
