New Delhi [India], October 15 (ANI): India and the United States are engaged in trade negotiations aimed at reaching a mutually beneficial outcome, government sources said on Wednesday.
An Indian negotiating team is currently in the US for discussions, with talks reported to be in a “deeper” phase.
“The engagement between two sides is ongoing. Ambassador-designate Sergio Gor visited India, met all stakeholders, and held productive meetings. The Indian negotiating team is in the US, exploring possibilities for a win-win solution between the two sides,” a government source said.
Earlier, sources indicated that the upcoming talks would focus on key market access issues, regulatory cooperation, and expanding trade in the energy and technology sectors. India is also looking to scale up imports of natural gas and renewable energy technologies from the US as part of the evolving trade relationship.
The Bilateral Trade Agreement (BTA) negotiations were formally launched in February following directives from leaders of both countries. The two nations aim to more than double trade volumes from the current USD 191 billion to USD 500 billion by 2030.
Officials had initially targeted completion of the first phase by fall 2025, with five rounds of negotiations already held. Union Commerce and Industry Minister Piyush Goyal had earlier stated that the government is in contact with the United States at various levels regarding the proposed BTA. (ANI)
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