India-US trade pact to 'unleash another level' of ties, says American official; reveals deal is '90%-plus' done
A senior US State Department official said the India-US trade pact is “90-per cent-plus” complete, with only final issues being resolved. The official said the agreement could “unleash another level” of bilateral ties, while highlighting upcoming diplomatic engagements, including Marco Rubio’s India visit and the next Quad foreign ministers’ meeting.
The US-India trade pact is poised to elevate bilateral relations to a new level, according to a senior State Department official. The official disclosed that the two nations are 90% through with the deal, with only minor issues remaining. The official expressed optimism about the imminent signing of the agreement, stating that it will mark a significant step in the US-India partnership, a relationship that has long been hindered by trade as the primary obstacle.
Other high-profile developments are also on the horizon. Secretary of State Marco Rubio is scheduled to visit India in October, part of a series of meetings that could include substantial announcements regarding the US-India collaboration. This year, the foreign ministers have convened three times for Quad discussions, a record count highlighting the region's strategic importance.
The Quad Foreign Ministers' meeting is set to take place in New Delhi in May, with further exciting developments anticipated in the following month. The India-Middle East-Europe Economic Corridor (IMEC) is another critical area of focus, with the US and India expressing strong commitment to this initiative. Challenges in the Middle East have occasionally impeded progress, but both parties remain optimistic about the potential for the IMEC to thrive once stability is achieved in the region.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
