In a big growth, a US group will go to India on June 5-6 to debate a Bilateral Commerce Settlement (BTA) with India, mentioned authorities sources.
In line with the sources, the bilateral commerce talks between the 2 international locations are progressing effectively.
India expressed satisfaction on April 29 that the conferences to barter a BTA with the USA are making “optimistic progress” and termed the discussions “fruitful.”
ANI reported on Might 23, by way of authorities sources, that India and the USA are poised to signal the primary tranche of the much-anticipated Bilateral Commerce Settlement (BTA) earlier than July.
As a part of ongoing discussions on the India-US Bilateral Commerce Settlement, representatives of India’s Division of Commerce and the Workplace of the US Commerce Consultant met in Washington, DC, from April 23-25, 2025.
The Ministry additional added that the group had fruitful discussions on a variety of topics, together with tariff and non-tariff issues, throughout the conferences in Washington, DC.
As a part of the BTA, leaders of each international locations have set a daring new objective for bilateral commerce – “Mission 500” – aiming to greater than double whole bilateral commerce to USD 500 billion by 2030.
Going additional, sources mentioned that the Indian authorities is within the means of reviewing the influence of the US court docket order that struck down the reciprocal commerce tariffs introduced by President Donald Trump.
On this context, Indian suppose tank organisations have prompt continuing cautiously.
The World Commerce Analysis Initiative (GTRI) prompt that the nation ought to proceed cautiously in its ongoing Bilateral Commerce Settlement (FTA) negotiations with the US.
Analysing the influence of the ruling on Commerce negotiations, Ajay Srivastava, founding father of GTRI, mentioned that India ought to resist any settlement formed by threats or based mostly on illegal measures.
The India-US commerce deal would mark a big milestone in financial relations between the 2 huge economies, doubtlessly opening new avenues for bilateral commerce and funding.
In 2024-25, for the fourth consecutive yr, the US was India’s largest buying and selling accomplice, with bilateral commerce valued at USD 131.84 billion. India had a commerce surplus of USD 41.18 billion in items with the US in 2024-25.