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India and the us are actively engaged in ongoing discussions for a proposed bilateral trade agreement, with commerce minister piyush goyal noting that sensitive and serious issues are being addressed In april 2018, the united states launched an eligibility review of india’s compliance with the general system of preferences (gsp) market access criteria. Five rounds of talks have been completed, aiming to conclude the first phase by fall 2025 and significantly boost bilateral trade.
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This announcement elevates significant work done since february 13, 2025, when prime minister modi visited president trump and the two agreed to launch negotiations for a bilateral trade agreement between the united states and india. There is no trade agreement between the united states and india Nirmala sitharaman said that the negotiations between india and the united states are in full force as both nations aim to conclude the potential bilateral trade agreement.
Are in ongoing discussions for a trade agreement aimed at boosting bilateral trade to $500 billion by 2030.
‘india brightest spot in global economy’ These steps are designed to unlock new opportunities for businesses, drive bilateral economic integration, and reinforce the economic partnership between india and the united states. This comes as the two countries try to close a trade deal and tide over tense ties after trump's 50% tariffs on india. They formally announced the finalization of the terms of reference for the negotiations.
