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First tranche of India-US bilateral trade deal likely before July
The Business Guardian
|May 22, 2025
India and the United States are poised to sign the first tranche of the much-anticipated Bilateral Trade Agreement (BTA) before July, according to sources who spoke to ANI.
Commerce and Industry Minister Piyush Goyal is currently in the United States, leading negotiations with American officials.
"Good discussions with Secretary Howard Lutnick towards expediting the first tranche of India-US Bilateral Trade Agreement," Minister Goyal posted on social media platform X yesterday, signaling positive momentum in the talks.
Sources revealed that a round of meetings with the United States Trade Representative has already concluded.
Officials from both nations have discussed various issues related to goods trade, with India pushing for concessions on labor-intensive exports such as leather and textiles.
Service sector issues have also featured prominently in the discussions.
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