Overview

• India and the United States have officially finalized the Terms of Reference for a comprehensive Bilateral Trade Agreement (BTA).
• The agreement seeks to address trade imbalances, expand market access, and foster regulatory and digital trade cooperation.
• Formal negotiations will begin in Washington, focusing on goods, digital trade, professional mobility, and intellectual property rights.
• The BTA aligns with India’s Make in India and Atmanirbhar Bharat initiatives, while also setting a precedent for future trade pacts with developed nations.
• The agreement aims to unlock significant economic potential, targeting $500 billion in annual bilateral trade by 2030.