India and U.S. Make Major Progress on Bilateral Trade Agreement
Date: 31-mar-2025
Trade Negotiations Signal Stronger Economic Ties
India and the United States are advancing toward a bilateral trade agreement following a series of high-level meetings in New Delhi. The discussions aim to finalize a framework by Fall 2025, focusing on tariff reductions, easing of non-tariff barriers, and deeper sector-specific cooperation.
Defense and Energy in Spotlight
The U.S. has signaled interest in expanding defense exports and energy supplies to India. In return, India is seeking exemptions from upcoming U.S. reciprocal tariffs scheduled for April 2, 2025. Discussions also included deeper collaboration in semiconductor manufacturing and digital trade.
Economic Impact and Future Roadmap
With India aiming to increase trade volume with the U.S. to $500 billion by 2030, this deal could reshape economic relations between the two nations. The next steps include virtual roundtables followed by physical meetings to finalize sector-specific policies.
Also Read
Read the official trade ministry announcement here.
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