New Delhi, June 24: India and the US are nearing conclusion of the long-expected trade agreement, the Trump Administration has said as senior officials of the two countries held high-level trade talks here yesterday.
US Deputy Assistant Secretary in the Bureau of South and Central Asian Affairs Bethany Poulos Morrison said the two countries are “very, very close” to finalising a historic agreement.
The discussions covered both the interim arrangement and the broader bilateral trade agreement.
“Looking at trade, in February 2026, we announced the intention to finally conclude the historic trade deal. We are very, very close,” Morrison said at an event.
She said the proposed agreement would open India’s market of 1.4 billion people to American goods on “reciprocal and mutually beneficial” terms and support the two countries’ target of achieving $500 billion in bilateral trade by 2030 under the “Mission 500” initiative.
Morrison added that bilateral goods trade reached $149 billion in 2025 and that US exports to India increased by 9.8 per cent during the year.
US Trade Representative Jamieson Greer is in New Delhi and met Commerce and Industry Minister Piyush Goyal to advance negotiations on the Interim Agreement, an initiative launched by President Donald Trump and Prime Minister Narendra Modi.
The US Embassy in India said Washington remains focused on securing a “fair, reciprocal trade deal” that expands market access for American exporters while benefiting both countries.
US Ambassador to India Sergio Gor, who accompanied Greer during the visit, said the ongoing discussions were intended to conclude the trade agreement and further strengthen economic ties between New Delhi and Washington
Greer also met Finance Minister Nirmala Sitharaman and the two sides exchanged views on strengthening trade and economic cooperation and explored new avenues for growth. (BVI)
