The United States and India have reviewed progress on negotiations for a proposed Bilateral Trade Agreement (BTA), with both sides reporting substantial advances and reaffirming their commitment to concluding an interim deal as a stepping stone toward a broader trade pact.
US Trade Representative Ambassador Jamieson Greer concluded a three-day visit to New Delhi on Wednesday, where he led an official US delegation and held multiple rounds of discussions with Commerce and Industry Minister Piyush Goyal.
According to a statement by Ministry of Commerce, the two sides conducted a comprehensive review of key elements of the proposed agreement, including market access, digital trade, supply-chain resilience, reduction of non-tariff barriers and cooperation in strategic sectors.
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"Both sides noted substantial progress by negotiating teams in recent months and welcomed the momentum from successive technical and ministerial-level engagements," the commerce ministry said.
The discussions focused on "pathways to conclude an interim agreement as an important milestone toward a comprehensive BTA," the statement said.
India and the US also reiterated their commitment to a pact that is "balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers in both countries."
The two countries said they remain focused on expanding bilateral trade, promoting innovation and strengthening trusted supply chains amid shifting global trade dynamics.
"Both sides expressed confidence that ongoing negotiations will further deepen economic ties and strengthen the India-US Comprehensive Global Strategic Partnership," the statement added.
Goyal also took to X to appreciate efforts of both teams in advancing trade discussions.
