India-US Trade Deal Nears Finalization, But Comprehensive FTA Still Distant
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News18•02-02-2026, 19:24
India-US Trade Deal Nears Finalization, But Comprehensive FTA Still Distant
- •Commerce Secretary Rajesh Agrawal announced that the India-US bilateral trade deal is in its final stages, aiming to strengthen business ties.
- •While the current agreement is almost ready, a comprehensive Free Trade Agreement (FTA) will take more time due to complexities between large economies.
- •Discussions have largely resolved 'stuck issues' related to mutual tariffs, primarily concerning trade in goods, with India seeking balanced trade.
- •The government aims for an agreement that benefits both nations equally, though no timeline for a larger FTA was provided.
- •Indian exporters are expected to gain preferential access to 55-60% of global markets, boosting exports to over $850 billion this fiscal year.
Why It Matters: India-US bilateral trade deal is nearing completion, promising stronger ties, but a full FTA remains a long-term goal.
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