The United States is aiming to finalise a bilateral trade agreement with India in the coming months, with Washington saying the deal would widen market access, cut barriers and give companies greater certainty, according to US Ambassador Sergio Gor.
Speaking at an event hosted by the American Chamber of Commerce, Mr Gor said the proposed pact would help strengthen supply chains, support inclusive growth and encourage fresh investment. He described the talks as a chance to deepe...
Continue Reading This Article
Enjoy this article as well as all of our content, including reports, news, tips and more.
By registering or signing into your SRM Today account, you agree to SRM Today's Terms of Use and consent to the processing of your personal information as described in our Privacy Policy.
n commercial ties between two economies that have already expanded sharply over the past two decades.
“We look forward to completing the details of a new bilateral trade agreement that will expand market access, reduce barriers, and create greater certainty for businesses on both sides,” he said.
The White House said in February that the two countries had agreed a framework for an interim trade arrangement, setting out plans for reciprocal market access, lower tariffs, fewer non-tariff barriers and closer cooperation on standards. That framework was presented as a stepping stone towards a broader bilateral trade agreement that both sides hope to conclude over the coming months.
A separate White House fact sheet days later said the deal would open India’s market further to American goods and include tariff reductions on a range of industrial, food and agricultural products. It also said India intended to buy more than $500 billion of US energy, technology, coal and other products.
Mr Gor said President Donald Trump wants trade with India to create more opportunities for American firms and workers. He also pointed to India’s manufacturing base, digital infrastructure, innovation and talent, saying these complement US strengths in technology, investment, advanced research and entrepreneurship.
Citing the recent finalisation of the European Union’s trade pact with India, Mr Gor noted that those talks took nearly 19 years, but argued the US-India deal could move much faster. He said Washington believed it could be completed within a year and a half of negotiations beginning.
According to Indian industry data, bilateral trade in goods and services reached a record $94.39 billion in fiscal 2026 up to November 2025, while the US remained India’s largest export destination and a major source of investment. Mr Gor said trade between the two countries has risen from about $20 billion two decades ago to more than $220 billion now, underscoring what he called a remarkable moment in the relationship.
The two governments have set a goal of lifting bilateral trade to $500 billion by 2030.
Source: Noah Wire Services
