India, U.S. to hold wrap-up session on Saturday on proposed trade pact; talks in early stages: Sources

Early stage discussions between India and the U.S. officials for a proposed bilateral trade agreement progressing well.

India and the visiting U.S. officials have decided to hold a wrap-up session on Saturday (March 29, 2025) morning to conclude the three-day talks on the proposed bilateral trade agreement, government sources said.

They said the discussions are at a "very" early stage.

A team of U.S. officials, headed by Assistant U.S. Trade Representative for South and Central Asia Brendan Lynch, is in New Delhi for negotiations on the proposed agreement.

"Early stage of discussions are going on," one of the sources said, adding that nothing has been finalised so far.

Commerce and Industry Minister Piyush Goyal on Thursday said the ongoing talks between India and the U.S. for the proposed pact are progressing "well" and will be for the "good" of both nations while protecting India's interests.

The official level deliberations assume significance as U.S. President Donald Trump has announced imposing reciprocal tariffs on April 2 on America's key trading partners, including India.

He has on multiple forums stated that India imposes high tariffs on U.S. goods. The U.S. has already imposed duties on China.