India-U.S. trade deal LIVE updates: Interim agreement reflects commitment to safeguarding farmers’ interests and sustaining rural livelihoods, says Goyal - The Hindu
India and the United States have reached an interim trade agreement aimed at strengthening economic cooperation and easing long-standing trade frictions. The deal focuses on improving market access for key products, reducing regulatory barriers, and creating a framework for a broader comprehensive trade pact in the future. Negotiations involved senior officials from both nations, including trade and commerce ministries, highlighting the strategic importance of the partnership. The agreement is expected to benefit sectors such as manufacturing, agriculture, technology, and energy, while also addressing concerns related to tariffs, supply chains, and investment flows. Officials described the deal as a practical step forward, allowing both countries to resolve immediate trade issues without waiting for a full-scale free trade agreement. This interim arrangement signals renewed momentum in India–US trade relations and reflects shared economic priorities amid shifting global trade dynamics. It also sets the stage for deeper collaboration, job creation, and long-term economic growth for both economies.
The Key points
- India and the US signed an interim trade agreement.
- Deal aims to ease ongoing trade disputes.
- Focus on tariff rationalisation and market access.
- Manufacturing and agriculture expected to benefit.
- Technology and energy sectors included.
- Agreement avoids delays of a full FTA.
- Senior leaders oversaw negotiations.
- Supply chain cooperation is a priority.
- Investment flows likely to increase.
- Forms base for a future comprehensive trade deal.
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