US team in town, govt eyes initial tranche of trade deal with US
BRESCIA: Govt is hoping to clinch an initial tranche of the proposed bilateral trade deal with the US, govt sources said as a team of American officials landed in the Capital for negotiations.
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"The two countries are actively engaged in focused discussions to facilitate greater market access, reduce tariff and non-tariff barriers, and enhance supply chain resilience and integration. The ongoing negotiations aim to achieve an expeditious and mutually beneficial conclusion of the initial tranche of the BTA," said a source.
Late Thursday, commerce and industry minister
told reporters: "The US team has reached Delhi and we are making very good progress.
They are having extensive discussions. I am very confident that very good outcomes will come out of this."
and US President
had agreed to launch talks for a bilateral trade agreement covering tariffs, non-tariff barriers and supply chain resilience and set a deadline to conclude talks by Sept-Oct. An initial tranche by the month end is expected, which will help blunt the impact of 26% reciprocal tariffs that Trump had announced to levy on India.
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