USTR Welcomes India’s Constructive Engagement in Bilateral Trade Negotiations

The United States Trade Representative (USTR) has praised India’s constructive engagement in ongoing bilateral trade negotiations, highlighting progress toward a comprehensive trade agreement. The statement follows discussions between USTR and India’s Ministry of Commerce and Industry, aimed at enhancing market access and addressing trade imbalances.

Key Highlights:
✅ Trade Agreement Roadmap: USTR confirmed that both nations have finalized the Terms of Reference, laying the groundwork for reciprocal trade negotiations.
✅ Market Access & Fair Practices: The talks aim to open new markets for American goods while addressing unfair trade practices impacting U.S. workers.
✅ India-U.S. COMPACT Initiative: The discussions reaffirmed the importance of the Catalyzing Opportunities for Military Partnership, Accelerated Commerce & Technology (COMPACT) initiative, launched earlier this year.
✅ Economic Cooperation: The negotiations focus on strengthening trade ties, ensuring balanced economic growth for both nations.
✅ Future Engagements: USTR expressed optimism about creating new opportunities for workers, farmers, and entrepreneurs in both countries.

With India and the U.S. making strides in trade negotiations, the statement signals deepening economic collaboration, paving the way for a landmark trade agreement.

Source: USTR