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Indian Trade Secretary Rajesh Agrawal Says First Phase of US Trade Deal Finalised
India is seeking preferential market access and tariff stability as negotiators complete legal vetting before signing the pact, officials said.
- On Thursday, India's trade secretary Rajesh Agrawal announced the first phase of a trade deal between India and the United States is finalized and undergoing legal drafting.
- US Secretary of State Marco Rubio will visit India and Uzbekistan from October 17 to 22, meeting government and business leaders to discuss energy cooperation, commercial investment, and broader economic ties.
- India is seeking preferential market access and greater tariff stability under the proposed agreement, with Agrawal stating officials anticipate concluding and signing the deal at the "earliest possible time."
- Ajay Srivastava of the Global Trade Research Initiative warned the United States could use tariff threats to press New Delhi into an "unequal trade deal" despite optimism over diesel purchases.
- Relations have been rocky this past year, strained by a military attack on a ship off Oman and President Donald Trump's repeated claims of brokering an India-Pakistan ceasefire.
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India announced the completion of the first phase of its trade agreement with the United States and its entry into the legal drafting phase, but required the guarantee of competitive customs advantages for its exports before signing and operationalizing the agreement.
U.S. Ambassador to India Sergio Gore said that the proposed bilateral trade deal between India and the United States is in the final stages, negotiations are progressing "with incredible speed," and the main issues have been..
U.S. Ambassador to India Sergio Gore said that the proposed bilateral trade deal between India and the United States is in the final stages, negotiations are progressing "with incredible speed," and the main issues have been resolved.
Coverage Details
Total News Sources52
Leaning Left4Leaning Right11Center7Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 18%
C 32%
R 50%
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