India-US Trade Deal Not Imminent, but Talks in ‘Short Strokes’, Says USTR Greer
Greer said Washington and New Delhi have identified the remaining sticking points and are working toward an interim agreement after a productive meeting with Piyush Goyal.
- United States Trade Representative Jamieson Greer signaled on Thursday that a trade deal with India is not imminent, stating both nations have identified "the universe of items that are sticking points" and are working to resolve them.
- Greer met Indian Commerce Minister Piyush Goyal in Milwaukee during G20 talks, following a Wednesday phone call where President Donald Trump and Indian Prime Minister Narendra Modi reviewed bilateral trade and defense cooperation.
- Tensions persist over India's reliance on Russian Oil, which the United States administration believes funds the Ukraine war, while New Delhi faces a 10% tariff on exports following a USTR investigation into forced labor.
- Ronak D. Desai of Stanford's Hoover Institution noted that "Goyal is counting the issues already resolved, and Greer is counting the ones that remain," highlighting divergent perspectives on progress.
- Both sides seek a "mutually beneficial interim agreement" under the India-US Bilateral Trade Agreement, with Greer stating "We're working diligently toward" resolving remaining disputes despite the lack of an imminent timeline.
11 Articles
11 Articles
India-US trade deal not imminent, PM Modi-Trump may hold another call soon: US trade representative
India and the US are nearing the final stages of a significant trade agreement, with expectations of its announcement imminent. US Trade Representative Jamieson Greer revealed that teams are actively working through residual challenges. Union Minister Piyush Goyal engaged in talks with Greer during the G20 Trade Ministers' Meeting to expedite the deal. A forthcoming call between PM Modi and President Trump is likely to evaluate the progress.
Good news regarding a trade deal between India and the United States may soon emerge. According to US officials, negotiations regarding the trade deal are now in their final stages. They have also stated that talks between PM Modi and President Trump are also possible soon.
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