India is actively working to finalize a trade agreement with the United States, according to Rajesh Agrawal, Special Secretary in the Department of Commerce and the chief negotiator for the proposed pact. The two countries aim to conclude the first phase of this agreement by fall 2025, specifically between September and October. Before reaching the comprehensive deal, both sides are focused on finalizing an interim trade agreement to expedite cooperation and address immediate trade priorities.
Expanding Global Trade Partnerships
Agrawal highlighted India’s broader strategy of integrating with major global markets through a series of free trade agreements (FTAs). To date, India has implemented over 14 FTAs with 26 countries, reflecting its commitment to expanding economic ties worldwide. Recent milestones include the conclusion of a trade agreement with the United Kingdom and advanced negotiations with the European Union. These efforts are part of India’s push to strengthen its position in international trade by forging closer links with major economies.
Ongoing Negotiations with Latin America and Others
In addition to the US, India is negotiating trade pacts with several Latin American countries, including Chile and Peru, as part of its plan to diversify trade relationships. Agrawal also mentioned ongoing discussions with New Zealand and successful agreements with Australia and the UAE. This multi-pronged approach underscores India’s intention to integrate more deeply with key trading partners and major global markets, enhancing export opportunities and economic growth.
