New Delhi: The first section of the long -awaited Bilateral Commercial Agreement (BTA) between India and the United States will end before the end of 2025, said the Ministry of Commerce on Saturday.
This development occurs after four days of high -level discussions between officials of the Ministry of the Department of Commerce and the office of the US trade representative. In New Delhi.
The conversations, held from March 26 to 29, were a monitoring of India- USA. joint declaration of February 13, 2025, in which both nations promised to expand bilateral trade to $ 500 billion by 2030. Officials have agreed to begin practically the levels of the level of sector experts in the coming weeks, raiding the way for an early negotiation round in person.
During the discussions, both parties exchanged points of view on the increase in market accessReduction of rates and non -tariff barriers, and strengthening Integration of the supply chain to guarantee mutual economic benefits.
The meeting in Nueva Delhi continues to the visit of the Minister of Industry and Commerce of the Industry, Piyush Goyal, to Washington, DC, from March 4 to 6, during which he met with the United States trade representative, Jamieson Greer, and the secretary of Commerce Howard Lutnick. Subsequent videoconferences between the two parties helped maintain the impulse prior to the latest negotiations.
The successful result of conversations marks an important step to advance in India-US economic cooperationpromoting prosperity, security and innovation. The authorities emphasized that the anticipated BTA will unlock new opportunities for companies, promote bilateral investment and improve economic integration between the two nations. Both India and the United States expressed satisfaction with the progress made and reaffirmed their commitment to ongoing collaboration.