India-US trade pact first phase likely by mid-July
India and the US are set to finalize the first phase of a bilateral trade agreement by mid-July. The agreement aims to provide preferential access to India and enhance cooperation between the two nations. Ongoing discussions have been described as positive, despite some complexities arising from proposed additional duties on certain imports.
- ▪Union commerce minister Piyush Goyal announced the expected execution of the trade agreement by mid-July.
- ▪The recent talks in New Delhi were led by US and Indian trade representatives and were deemed constructive.
- ▪A proposed additional duty of 12.5% on imports from India under a forced labor investigation has added complexity to the negotiations.
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India-US trade pact first phase likely by mid-JulyIndia and US set to finalize first phase of bilateral trade deal by mid-July after positive talks, aiming for preferential access and cooperation.Published on: Jun 06, 2026 6:00 AM ISTBy Rajeev JayaswalShare viaCopy link India and the US are on course to execute the first tranche of a bilateral trade agreement by mid-July, Union commerce minister Piyush Goyal said on Friday — a day after he met the visiting American trade negotiating team in New Delhi.India-US trade pact first phase likely by mid-July“We are fast moving towards closing all the open ends, and I think sometime by the middle of next month or so, we should be in a position to execute a very, very vibrant first tranche of the bilateral trade agreement,” Goyal told reporters in…
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