India-US trade talks 'still ongoing', but both sides have 'reached a plateau': Finance minister Nirmala Sitharaman
US Trade Representative Jamieson Greer recently said an agreement was not imminent, as Washington and New Delhi continue to work through unresolved issues.
India and the United States are continuing their trade negotiations, with Union finance minister Nirmala Sitharaman stating on Monday that both sides have reached a "plateau" where further concessions may be challenging. Sitharaman, speaking at the Munich Leaders Meeting, cited the India-EU free trade agreement as an example of a successful deal where both parties respected each other's sensitivities.
She clarified that the India-US agreement is still being finalized and is a complex negotiation. The US Trade Representative, Jamieson Greer, had previously stated that an agreement was not imminent, with both sides identifying areas of contention. Trade experts noted that uncertainties from Washington's frequent trade measures and tariff use as negotiation tools pose significant hurdles to reaching an interim bilateral trade agreement.
India maintains that there is no single template for trade negotiations due to varying economic realities across countries and regions.
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