India and the United States are set to advance discussions on a proposed Bilateral Trade Agreement (BTA), with fresh negotiations scheduled later this month, even as both sides navigate a shifting tariff and regulatory landscape.
The commerce ministry during a briefing on Wednesday said an Indian delegation is scheduled to visit the US from April 20 to 22 to carry forward BTA negotiations.
The two countries had earlier announced an interim trade deal on Feb. 2, signalling intent to deepen economic ties and address longstanding trade frictions. In a positive move soon after, additional tariffs of 25% on select goods were removed on Feb. 7, offering relief to exporters and improving sentiment among businesses engaged in cross-border trade.
Further easing concerns, no reciprocal tariffs have been in effect since Feb. 20, suggesting a temporary pause in tit-for-tat trade measures that had weighed on bilateral commerce. However, the global trade environment remains complex. Beginning Feb. 24, the United States imposed a uniform 10% tariff on imports from all countries, a move seen as part of a broader recalibration of its trade policy framework.
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At the same time, Washington has initiated two key investigations that include India. These relate to concerns over excess industrial capacity and allegations of forced labour in supply chains. The probes, led by the Office of the US Trade Representative, could have implications for market access and compliance requirements for Indian exporters if they progress further.
The Government of India has formally submitted its response as part of the USTR consultation process, defending its trade practices and outlining steps taken to ensure transparency and adherence to global norms.
The BTA discussions come at a crucial time, as both economies look to strengthen supply chain resilience and diversify trade partnerships amid global uncertainties. While progress has been incremental so far, the continued engagement signals a mutual willingness to move towards a more comprehensive and balanced trade framework.
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