India and US on the Brink: A Trade Deal in Sight
India is working towards finalizing a trade agreement with the US, targeting completion by fall. Rajesh Agrawal, the chief negotiator, detailed the plan amid ongoing trade discussions with several global economies, emphasizing India's strategy to enhance market integration through multiple global trade agreements.
- Country:
- India
India is making strides towards finalizing a trade agreement with the United States, with Rajesh Agrawal, Special Secretary in the Department of Commerce, leading the charge in negotiations, he disclosed on Thursday.
The objective is to wrap up the first phase of the agreement by fall, ideally September or October. Before this, both countries aim to agree on an interim trade deal, a preliminary step set within months.
Agrawal highlighted India's extensive experience with trade agreements, having executed over 14 FTAs with 26 nations, and currently pursuing agreements with major economies including the UK, EU, and, notably, the US.
(With inputs from agencies.)
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