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Indian and US negotiators wrapped up two days of talks in New Delhi on June 24 with both sides reporting 'substantial progress' on an interim trade agreement and a broader Bilateral Trade Agreement (BTA). The talks were led by Indian Commerce Minister Piyush Goyal and US Trade Representative Jamieson Greer. A joint statement noted a comprehensive review of core BTA elements including market access, digital trade, and supply chain resilience Source: The Hindu.
India's opposition Congress party, led by Jairam Ramesh, urged the government not to sign the pact as it stands, arguing it is "heavily against India's interests" and would harm farmers Source: The Hindu. Ramesh cited US threats of further tariff investigations as pressure tactics.
Greer highlighted the potential for cooperation in artificial intelligence and future technologies as a key part of the relationship Source: Infobae. Both sides reaffirmed their commitment to a "balanced, commercially meaningful" agreement .
“Both sides noted substantial progress by negotiating teams in recent months and welcomed the momentum from successive technical and ministerial-level engagements.”
“Analysts say the visit could centre on finalising tariff rates and giving the relationship a political reset after a year of strain over trade, Indian workers and the Strait of Hormuz.”
“Ambas partes destacaron los avances sustanciales por parte de los equipos de negociación en los últimos meses”
“There is absolutely no need for India to be bamboozled into signing any trade agreement which as it stands now is heavily against India's interests.”