India-US Trade Deal Talks Reach ‘Plateau’, Further Concessions Difficult: Nirmala Sitharaman
India and the US have reached a “plateau” in negotiations over a trade deal, Finance Minister Nirmala Sitharaman said at the Munich Security Conference, indicating that further concessions from either side would be difficult. Sitharaman described the agreement under discussion as a “hard and rigorously negotiated” one. She said she would “like to believe” that negotiations had reached a plateau,…
India and the United States have reached a "plateau" in discussions regarding a comprehensive trade agreement, according to Finance Minister Nirmala Sitharaman, who spoke at the Munich Security Conference. The negotiations, which began in February 2025, aim to nearly double bilateral trade to $500 billion by 2030. However, Sitharaman indicated that further concessions from either nation would be extremely challenging.
Both sides have been working diligently to reach an agreement, with an interim deal being discussed as a preliminary step towards the broader trade pact. Key issues in the ongoing talks include tariffs, market access, and addressing the significant trade imbalance between the two countries. Commerce Minister Piyush Goyal visited the US in September to continue the negotiations.
While a final agreement appears unlikely in the near future, the US is exploring additional measures to alleviate its trade deficit with India.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
