India, US Conclude Two-Day Trade Talks; Review Core Elements Of Bilateral Pact
New Delhi: India and the US reviewed the progress in negotiations for an interim bilateral trade agreement during a two-day ministerial meeting and discussed core elements, including market access, digital trade and non-tariff barriers, as both countries aim to conclude the pact before Washington's temporary 10 per cent tariff expires on July 24.
Leading an official delegation, United States Trade Representative (USTR) Jamieson Greer was here from June 22–24 for the talks with Commerce and Industry Minister Piyush Goyal on the first phase of the bilateral trade agreement (BTA).
The visit marked a key step in the ongoing efforts to advance a balanced, mutually beneficial India–US BTA, and to finalise an interim deal in line with the joint statement of February 7, 2026, the commerce ministry said in a statement on Wednesday.The two ministers held multiple rounds of discussions and "conducted a comprehensive review of core BTA elements, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors," it said.It added that 'substantial' progress has been made by the negotiating teams of the two sides on the pact during the recent months.
"Discussions focused on pathways to conclude an interim agreement as an important milestone toward a comprehensive BTA," it said, adding that the two ministers reaffirmed their commitment to a trade agreement that is balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers in both countries."Recognising the growing significance of the India–US economic partnership amid evolving global trade dynamics, both sides reiterated their shared goal of expanding bilateral trade, fostering innovation, and building resilient, trusted supply chains," it added.Earlier in the day, Goyal said in a social media post that the two sides reviewed the progress of the ongoing India-US trade discussions."I appreciate Ambassador Greer's leadership and the sustained efforts of both teams in advancing our discussions in a constructive and forward-looking manner," Goyal said.
Leading an official delegation, United States Trade Representative (USTR) Jamieson Greer was here from June 22–24 for the talks with Commerce and Industry Minister Piyush Goyal on the first phase of the bilateral trade agreement (BTA).
The visit marked a key step in the ongoing efforts to advance a balanced, mutually beneficial India–US BTA, and to finalise an interim deal in line with the joint statement of February 7, 2026, the commerce ministry said in a statement on Wednesday.The two ministers held multiple rounds of discussions and "conducted a comprehensive review of core BTA elements, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors," it said.It added that 'substantial' progress has been made by the negotiating teams of the two sides on the pact during the recent months.
"Discussions focused on pathways to conclude an interim agreement as an important milestone toward a comprehensive BTA," it said, adding that the two ministers reaffirmed their commitment to a trade agreement that is balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers in both countries."Recognising the growing significance of the India–US economic partnership amid evolving global trade dynamics, both sides reiterated their shared goal of expanding bilateral trade, fostering innovation, and building resilient, trusted supply chains," it added.Earlier in the day, Goyal said in a social media post that the two sides reviewed the progress of the ongoing India-US trade discussions."I appreciate Ambassador Greer's leadership and the sustained efforts of both teams in advancing our discussions in a constructive and forward-looking manner," Goyal said.