India and the United States are intensifying efforts to finalize the first phase of a proposed bilateral trade agreement, with a high-level Indian delegation heading to Washington this week. After five rounds of negotiations, both nations aim to conclude the initial tranche by October –November 2025. Key discussion points include...
U.S., India, Progress on Bilateral Trade Agreement
India’s Commerce Minister Piyush Goyal concluded a four-day visit to Washington, D.C., from May 17-20, reporting “good discussions” with U.S. officials regarding a new India-U.S. Bilateral Trade Agreement. During his visit, Goyal met with U.S. Secretary of Commerce Howard Lutnick to accelerate progress on the agreement's first phase. The initiative,...
Katherine Tai: U.S.-India to Complement Each Other’s Strengths
On the sidelines of the B20 Summit in New Delhi, U.S. Trade Representative Katherine Tai told CNBC's Martin Soong, that the U.S.-India relationship is aligning "across all the policy areas." Tai noted, "It’s certainly true that today, this relationship is experiencing new heights. The U.S. and India are closer now...
For America, India Is the Fastest Rising Major Trade Partner now
While addressing a session at the East India Summit 2022 organized by the Confederation of Indian Industry, U.S. Consul General in Kolkata, Melinda Pavek, said, "U.S. trade with its top 15 partners has increased over the past year, but I am proud to say that the single biggest jump was...
India a Top 10 Trade Partner for USA
India is currently U.S.'s 9th largest goods trading partner with $67.7 billion in total (two way) goods trade during 2016. Goods exports totaled $21.7 billion; goods imports totaled $46.0 billion. The U.S. goods trade deficit with India was $24.3 billion in 2016. According to the U.S. Census Bureau, the country's...