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Informist, Thursday, Jun. 4, 2026

 

--Trade min: India, US teams held constructive discussions on trade pact

--Trade min: India, US reaffirmed commitment to conclude trade agreement

 

NEW DELHI - India and the US held "constructive and positive discussions" across a wide range of issues, including merchandise trade and non-tariff measures, in their recent meeting held during Mon-Thu, the commerce ministry said in a release. The two sides also discussed issues relating to customs, trade facilitation, economic security alignment, and other areas of mutual interest.

 

"The engagements were marked by a spirit of cooperation and pragmatism, with both sides reaffirming their commitment to concluding a mutually beneficial agreement that strengthens bilateral trade and economic ties," the commerce ministry said Thursday. 

 

Negotiations for a trade pact between India and the US have seen much ebb and flow, with the two countries having major differences about opening up New Delhi's senstive agriculture sector to Washington's genetically modified products. The US President Donald Trump administration's steep reciprocal tariffs and the recent probe under its section 301 have also added to the complexities of finalising a deal. 

 

The two countries had on Feb. 7 issued a joint statement, agreeing on a framework for an interim agreement for mutually beneficial trade, but are yet to finalise the first phase of the trade agreement. The Indian delegation had visited Washington from Apr. 20 to 23 for talks on a trade agreement.

 

The US was India's biggest trade partner in 2025-26 (Apr-Mar), with total trade of $132.14 billion. India exported goods worth $86.51 billion to the US, while importing $45.63 billion worth of goods from the world's largest economy.  End

 

US$1 = INR 95.71

 

Reported by Priyasmita Dutta 

Edited by Avishek Dutta

 

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