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EquityWireAlmost There: US-India interim trade pact nearly ready, 1% remains, says Ambassador Gor
Almost There

US-India interim trade pact nearly ready, 1% remains, says Ambassador Gor

This story was originally published at 15:37 IST on 3 June 2026
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Informist, Wednesday, Jun. 3, 2026

 

Please click here to read all liners published on this story
--US Gor: President Trump trusts India, deeply values relationship 
--CONTEXT: US Ambassador to India Sergio Gor's comments at Citi India event 
--US Gor: Aim to seize opportunity to grow India-US partnership 
--US Gor: US-India interim trade pact on table for us to finalise 
--US Gor: 99% of US-India interim trade pact in place, last percent remains 
--US Gor: Increase in bilateral trade with India Trump's goal 
--US Gor:Need strong intellectual property protection, security for innovation 
--US Gor: US-India trust, friendship transcends current administration 
--US Gor: US pvt sector has made significant commitments to India 
--Gor: US pvt investment in India creates more jobs in US 
--US Gor: Pushing civilian nuclear partnership with India to new levels 
--US Gor: Hopeful interim trade pact gets finalised in next weeks 
--US Gor:Parts being negotiated in interim trade pact largely technicalities 

 

MUMBAI – US Ambassador to India Sergio Gor Wednesday said the interim trade agreement between the two countries should be hopefully finalised in the next several weeks. Speaking at the Citi India Conference 2026 here, the ambassador said 99% of the interim trade pact is in place and the last percent is on the table to be finalised.  

 

Gor said parts of the interim trade agreement which are being negotiated are largely technicalities. He said US President Donald Trump trusts India and deeply values the relationship with the country. He added that Trump's goal is to increase bilateral trade with India.

 

"President Trump's goal is to facilitate bilateral trade in a way that creates lucrative opportunities for American businesses and workers," Gor said. "Our current interim trade agreement is on the table for us to finalise, and it will unlock prosperity for both of our nations."

 

The US aims to seize the opportunity to scale the partnership with India into a more seamless, resilient, and transformative economic relationship, he said. "India's growing economy and significant infrastructure needs align well with American expertise in energy, aviation, R&D (research and development), advanced manufacturing, and digital infrastructure," Gor said. "Such investments will benefit both of our nations. We need to identify those win-win situations."

 

He further said, "We need candid and constructive engagement on export controls and technology flows grounded in trust. And we need strong intellectual property protection to encourage innovation and investment." He added that the US-India trust and friendship transcend the current administration.

 

The private sector in the US has made significant commitments to India and companies such as Amazon, Google, and Microsoft will be investing here, he said. The US private sector's significant investment in India creates more jobs in the US, he added.

 

"Amazon expects to invest $35 billion into India by 2030 to advance AI-driven (artificial intelligence-driven) digitisation, export growth and job creation. Microsoft announced a $17.5 billion investment in India, including the expansion of hyperscale cloud infrastructure. Earlier this month, Google announced a $15 billion AI hub to support AI research, development, and enterprise adoption."


The US is also pushing the civilian nuclear partnership with India to new levels, Gor said. "... we are looking forward to decades of future cooperation between our civil nuclear sectors."  End

 

Reported by J. Navya Sruthi and Aaryan Khanna

 

Edited by Rajeev Pai

 

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