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India Advances Trade Liberalisation Talks with U.S. in Pursuit of $500 Billion Goal

Virtual negotiations are underway as India prepares for in-person discussions next month, leveraging a U.S. tariff pause to drive progress.

A mobile crane carries a container at Deendayal Port in Kandla, in the western state of Gujarat, India, April 5, 2025. REUTERS/Amit Dave/ File Photo
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Overview

  • India has formally committed to trade liberalisation with the United States, aiming to finalize a bilateral trade agreement by the end of 2025.
  • The agreement seeks to expand bilateral trade to $500 billion by 2030, reflecting a significant economic collaboration between the two nations.
  • Virtual negotiations have commenced, with in-person talks scheduled for mid-May to advance the deal's first phase.
  • President Trump’s recent 90-day tariff pause for key trading partners, including India, offers a window for constructive dialogue.
  • India is reportedly considering tariff reductions on over half of U.S. imports, valued at approximately $23 billion, as part of the initial agreement phase.