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India and US Set to Begin In-Person Trade Talks on April 23

Negotiations will focus on 19 finalized chapters under a bilateral trade pact framework, leveraging a 90-day tariff pause to expedite progress.

Challa Sreenivasulu Setty, Chairperson of the State Bank of India and India's Finance Minister Nirmala Sitharaman attend an event in Mumbai, India, November 18, 2024. REUTERS/Francis Mascarenhas
US President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025.
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Overview

  • Indian and US delegations will meet in Washington for three days starting April 23 to advance negotiations on a proposed bilateral trade agreement (BTA).
  • The finalized terms of reference (ToRs) include 19 chapters covering tariffs, non-tariff barriers, goods, services, customs facilitation, and regulatory issues.
  • India’s chief negotiator, Rajesh Agrawal, recently appointed as the next commerce secretary, will lead the Indian delegation in the first in-person talks.
  • The talks aim to capitalize on the 90-day suspension of US reciprocal tariffs announced on April 9, with both nations targeting an initial agreement by fall 2025.
  • The proposed agreement seeks to more than double bilateral trade to USD 500 billion by 2030, with discussions on tariff reductions in key sectors like agriculture, textiles, and industrial goods.