BILATERAL TRADE AGREEMENT BTA
India, US push for early wins in trade talks, eye fall 2025 deal
India and the US are actively pursuing an initial phase of their proposed bilateral trade agreement, aiming for "early mutual wins." In-person sectoral discussions are scheduled to commence from the end of May, following fruitful talks in Washington.
Indian trade deal talks moving well, much easier to negotiate with India: US Treasury Secretary Bessent
The United States and India are nearing a trade agreement. Negotiations are progressing well due to India's high tariffs. US officials see potential deals with South Korea and Japan too. Earlier, reciprocal tariffs were suspended for many countries except China and Hong Kong. US Vice President JD Vance met Prime Minister Narendra Modi to advance trade talks.
India, US trade: Early mutual wins, in-person sectoral talks to begin May-end
India and the US are aiming for "early mutual wins" as they work towards finalizing the initial phase of their proposed bilateral trade agreement. Discussions during a three-day meeting in Washington covered tariff and non-tariff issues. Both countries are targeting to conclude the first part of the agreement by fall 2025.
Chemical chaos: Trump’s tariffs push small Indian chemical firms to the brink
US tariffs pose new hurdles for India's chemical sector. Experts suggest strategies like trade deals, domestic production boosts, and market diversification. MSMEs also need data access and simplified regulations.
India may seek parity with US on tech access in bilateral trade pact talks: Sources
India plans to request the United States for relaxed export regulations. This will allow India access to important technologies. India seeks parity with US allies like Australia and the UK. The request includes sectors like telecom and AI. India also wants duty concessions for textiles and leather. The US desires concessions in automobiles and agriculture.
India deepens cut as Pakistan sends out 'act of war' threat
Amid escalating tensions, Pakistan has threatened to suspend bilateral agreements, including the Simla Agreement, and warned that any disruption to the Indus Waters Treaty would be considered an "act of war." India retaliated by closing its airspace, expelling diplomats, and suspending visas following accusations of Pakistan's involvement in a deadly terrorist attack.
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Change on cards for EV manufacturing policy
India is considering modifying its electric car manufacturing policy (SPMEPCI) to accommodate potentially lower import tariffs under a future India-US trade agreement. The scheme, designed to attract EV investments with discounted import duties, faces uncertainty due to pressure from the US to reduce tariffs. Lowering import duties could necessitate adjustments to SPMEPCI to maintain its attractiveness for manufacturers.
'I understand that India will reduce tariffs', says Trump as New Delhi, US set to formally begin trade negotiations
US President Trump announced India's intent to lower tariffs on certain goods, amidst ongoing trade discussions. Formal trade negotiations between India and the US are set to commence in Washington, focusing on resolving trade barriers and boosting economic cooperation. The US Trade Representative aims to increase market access and reduce tariffs.
US-China standoff will benefit India in long term; exports to go up in new categories: NITI Aayog’s Arvind Virmani
Virmani expects more production, manufacturing, and jobs to accrue for India over a long-term period, with an acceleration in the shift of supply chains to India.
India first to seal trade pact terms with Trump 2.0 as talks set to begin
India and the US have finalized terms for a Bilateral Trade Agreement, marking the Trump administration's first such framework. The US aims to address trade imbalances and open markets for American goods, focusing on tariff and non-tariff barriers. Both nations seek enhanced economic ties, covering goods, digital trade, and intellectual property rights, with negotiations set to begin soon.
India-US trade pact to expand bilateral trade, tech, ties in mutually beneficial manner: Official
A senior commerce ministry official stated that the proposed India-US bilateral trade agreement (BTA) aims to significantly boost trade, technology, and economic cooperation. Both nations, strategic partners with complementary economies, seek to more than double bilateral trade to USD 500 billion by 2030. The BTA intends to foster mutual prosperity and well-being, unlocking the full potential of India-US economic ties.
PM Modi, US Vice President JD Vance hail progress in bilateral trade agreement negotiations
Prime Minister Modi and US Vice President Vance discussed the progress of a potential bilateral trade agreement, emphasizing its focus on public welfare. They also reviewed cooperation in defence, energy, and strategic technologies, anticipating President Trump's upcoming visit for the Quad Summit.
India-US trade deal may show the path to other countries, ACMIIL says
A new report suggests the India-US Bilateral Trade Agreement (BTA) could serve as a template for future Indian trade deals, prioritising technology acquisition and industrial growth. The BTA aligns with India's "Make in India" and "Atmanirbhar Bharat" initiatives, potentially lowering tariffs on some US agricultural products while importing advanced technologies.
India should restore soybean exports to US in bilateral trade talks: SEA
The Solvent Extractors Association (SEA) urges India to prioritize the revival of organic, non-GMO soybean exports to the US during Bilateral Trade Agreement negotiations, aiming to restore previous trade volumes halted by safeguard duties.
India actively engaging with US; hopes to sign first phase of bilateral pact by Oct: FM
India is actively pursuing a bilateral trade agreement with the US, aiming to finalize the first phase by fall. Finance Minister Sitharaman emphasized the government's commitment during her US visit, highlighting discussions with the US administration and the Prime Minister's engagement. India is also focusing on becoming a developed nation by 2047, prioritizing key sectors and inclusive growth.
India-US trade agreement talks gain pace: What you should know
India and US trade negotiations are progressing. Discussions will begin on April 23 in Washington. India aims for an early agreement during the 90-day tariff pause. Both countries have finalized the agreement's terms. They want to double trade to USD 500 billion by 2030. The US seeks concessions on industrial goods and agriculture. India wants cuts for textiles and leather.
India, US lock in 19-chapter trade deal terms, to open talks in Washington on April 23
India and the US have finalised terms of reference for a proposed bilateral trade agreement, covering 19 chapters on issues like tariffs, goods, non-tariff barriers and customs facilitation, official sources said. A three-day round of talks will begin in Washington on April 23 to resolve pending issues during the 90-day tariff pause.
India's pomegranate pact with US bears juicy fruits
India's pomegranate exports to the US are gaining momentum with the first commercial sea shipment of the Bhagwa variety reaching New York. This milestone, involving 4,620 boxes from Maharashtra, is part of efforts to boost Indo-US trade, aiming for $500 billion by 2030.
Indian official team likely to visit Washington next week for trade talks
An Indian official team is set to visit Washington next week to resolve outstanding issues before formally launching negotiations for a proposed India-US bilateral trade agreement (BTA). This visit, following a recent US team visit to India, signals growing momentum for the BTA talks.
In-person discussions likely in May to push India-US trade pact
India and the US are set to begin face-to-face discussions in mid-May regarding their proposed bilateral trade agreement, following virtual talks this week. India aims to finalise the initial phase of the trade pact swiftly, potentially by September-October. Officials are monitoring potential import surges due to global tariff uncertainties, with a dedicated cell established for tracking.
US Vice President JD Vance visit could firm up Quad Summit dates
Vice President JD Vance's India visit underscores the US commitment to strengthening the strategic partnership and deepening economic ties. Discussions will likely include the Quad Leader’s Summit and Bilateral Trade Agreement negotiations. Despite tariff challenges, opportunities exist for India to expand its footprint in key sectors amid the US-China trade tensions, aiming for $500 billion in bilateral trade by 2030.
India is well placed to navigate world challenges: ITC Chairman
ITC Chairman Sanjiv Puri anticipates India navigating US tariff disruptions effectively, driven by potential trade agreements with the US, EU, and UK. Negotiations for a Bilateral Trade Agreement with the US are progressing rapidly, aiming to double bilateral trade to $500 billion by 2030. Puri acknowledges short-term economic uncertainties but emphasizes India's competitiveness through digitization and innovation.
US sees 'bright future' with India, Trump calls PM Modi a friend: State Department official
US President Donald Trump views Prime Minister Narendra Modi as a friend, emphasising the strong cooperation between the two nations. The US and India are working on a higher level, tackling terrorism, boosting business, and advancing technology. As both countries gear up for trade talks, Trump is hopeful for a fair deal. Trump also highlighted the extradition of Tahawwur Rana as a key example of US-India collaboration in fighting terrorism.
India going for trade liberalisation with US; in-person trade talks likely to start next month
India and the US are set to begin in-person negotiations next month for a bilateral trade agreement (BTA), aiming to significantly boost trade. Virtual talks are commencing this week, with both nations finalizing the terms of reference for the pact.
India-US trade delegations to begin discussions on a Bilateral Trade Agreement this week
India and the United States are gearing up for trade talks. Discussions on a Bilateral Trade Agreement will commence soon. Initial talks will be virtual. An in-person meeting is planned for May in the United States. The goal is to finalize the first part of the agreement by fall 2025.
Zero-tariff US deal? There's zero chance!
India is unlikely to offer a 'zero-for-zero' tariff deal to the US in their Bilateral Trade Agreement, deeming it suitable only between developed nations. The BTA will encompass goods, digital trade, professional movement, and intellectual property rights. Virtual talks are scheduled, aiming for clarity by May-end, with a broader goal to double bilateral trade to $500 billion by 2030.
Bilateral Trade Agreement with US on right track: Piyush Goyal
Commerce Minister Piyush Goyal affirmed India's ongoing dialogue with the US regarding the Bilateral Trade Agreement (BTA), emphasizing the nation's commitment to safeguarding its interests. He highlighted that India doesn't negotiate under pressure, alluding to the US tariff pause.
Interim India-US trade pact may work out within tariff pause period
India and the US aim to finalize an interim trade agreement within 90 days, targeting a significant boost to bilateral trade, potentially doubling it to $500 billion by 2030. The US has paused tariffs on Indian goods until July 9 to facilitate negotiations.
Middle ground: India open to zero duty on imports from US in PLI, some other sectors
India is considering zero-duty imports from the US in various sectors, including those under the PLI scheme, to expedite a bilateral trade agreement and reverse reciprocal tariffs. This offer hinges on strict rules of origin, requiring 30-40% value addition and tariff heading changes.
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