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India, U.S. trade talks from April 23 in Washington; to give impetus to BTA negotiations

India, U.S. trade talks from April 23 in Washington; to give impetus to BTA negotiations

The Hindu
Wednesday, April 23, 2025 11:13 AM GMT

U.S.-India trade pact aims to boost market access, reduce tariffs, and bridge trade deficit for mutual benefits.

Indian and U.S. officials will begin deliberations on the proposed bilateral trade agreement in Washington from Wednesday (April 23, 2025) with an aim to iron out issues and give an impetus to the negotiations.

The U.S. has stated that the pact with India will help open new markets for American goods and create new opportunities for workers, farmers, and entrepreneurs in both countries.

According to the U.S. Trade Representative, the United States is looking at increasing market access, reducing tariffs and non-tariff barriers, and negotiating a robust set of additional commitments to ensure long-term benefits.

The U.S. has on multiple occasions flagged concerns on widening trade deficit with India, which is $45.7 billion in 2024. It would look at bridging this deficit with India through the BTA.

The two have finalised the terms of reference (ToR) for the agreement.

The three-day talks assume significance as the U.S. has paused the imposition of tariffs for 90 days.

The ToRs cover around 19 chapters, such as tariffs, non-tariff barriers, and customs facilitation.

Read full story on The Hindu
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