US and India Work to Seal Interim Agreement, Set Stage for Trade Pact
White House says both nations will intensify negotiations to resolve key issues, including services, investment, labour, and government procurement.
NEW YORK/WASHINGTON, Feb 10: The United States and India are set to accelerate efforts to finalise an interim trade agreement in the coming weeks, paving the way for a comprehensive and mutually beneficial Bilateral Trade Agreement (BTA), according to a White House fact sheet.
Both sides will continue negotiations to address outstanding areas such as services, investment rules, labour standards, and government procurement, signalling sustained momentum in economic engagement between the two countries.
The update follows a recent joint statement in which Washington and New Delhi outlined the framework for a reciprocal interim pact designed to strengthen commercial ties and expand market access.
Describing the development as a significant step forward, the White House released a fact sheet highlighting the announcement of what it called a “historic trade deal,” underscoring the growing strategic and economic partnership between the world’s two largest democracies.
Officials indicated that the proposed arrangement is intended to streamline trade practices, reduce barriers, and create new opportunities for businesses on both sides, while laying the groundwork for a broader long term agreement.
The continued dialogue reflects a shared commitment to deepening bilateral cooperation and enhancing supply chain resilience amid evolving global economic conditions.
