India-US Trade Deal / There is a 19 chapter trade deal between India and America, good news may come soon

A TOR consisting of 19 chapters was agreed upon for the proposed bilateral trade agreement between India and the US. Issues like tariff, non-tariff barriers and customs facilitation are included. Agreement possible within 90 days. Three-day talks will begin in Washington from April 23.

India-US Trade Deal: A new hope has arisen regarding the proposed Bilateral Trade Agreement (BTA) between India and the US. Both the countries have finalized the Terms of References (TOR) for this historic agreement, which includes about 19 chapters. According to official sources, these chapters include important points like tariffs, trade in goods, non-tariff barriers, customs facilitation, rules of origin and regulatory issues.

Next stop: Face-to-face talks in Washington

A high-level Indian delegation will visit the US capital Washington next week with the aim of giving concrete shape to the proposed agreement. The delegation will be led by Rajesh Agarwal, Additional Secretary in the Department of Commerce, who has been appointed as the next Commerce Secretary on April 18 and will take charge from October 1.

This visit is taking place when the 90-day duty moratorium deadline between India and the US is on, which both countries are looking at as an opportunity for positive discussions.

Three-day marathon meetings: Discussion will decide the direction

During the three-day talks starting on April 23, both sides will discuss the preliminary outline and program of the trade agreement. The talks will focus on the level of ambition, removal of barriers, regulatory issues and finalization of the framework.

The aim of the talks will also be to decide which primary issues can be agreed upon within 90 days and which points will require detailed discussion. Regarding this conversation, it is expected that the interim agreement can also be finalized soon.

Towards new heights of trade cooperation

India and the US have set an ambitious target of taking bilateral trade to $ 500 billion by 2030. Currently this trade is around $ 191 billion. This agreement will not only reduce trade barriers but can also open new avenues for innovation, investment, and technological cooperation.

Talks between the two countries started in March, and after this, US Trade Representative Brendan Lynch's visit to India proved to be an important link in this direction. He held detailed discussions with Indian officials between March 25 and 29.

India's policy: Fast, clear and cooperative

The Indian government has made it clear that it is committed to taking trade relations with the US to new heights. Commerce Secretary Sunil Barthwal has already said that India will try to bring this dialogue to a positive outcome as soon as possible. He also indicated that India is now taking concrete steps towards trade liberalization.