Overview

• India and the United States are negotiating a three-stage trade agreement, with the first phase targeting an interim deal before July to avoid new U.S. reciprocal tariffs.
• The interim agreement is expected to focus on market access for industrial goods, select farm products, and reductions in non-tariff barriers.
• The second phase, planned for September to November, aims to address broader trade issues, including 19 key areas agreed upon in April discussions.
• The final stage, requiring U.S. Congressional approval, would establish a comprehensive trade pact and is expected to conclude next year.
• Commerce Minister Piyush Goyal is currently in Washington meeting with U.S. officials to accelerate progress on the initial phase of the deal.