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First tranche of trade deal with US may conclude by end 2025: Commerce Secy
The Business Guardian
|November 29, 2025
India is hopeful of signing the first tranche of the India-US Bilateral Trade Agreement within the current calendar year, Commerce Secretary Rajesh Agarwal said on Friday.
Addressing the FICCI Annual General Meeting, he indicated that talks have progressed substantially despite recent shifts in global trade conditions. Reflecting on the negotiations done so far, the Secretary said, "I think our expectations, we are very optimistic and very hopeful that we should find a solution within this calendar year." The Commerce Secretary cautioned, however, that trade negotiations are unpredictable, noting that "with any trade negotiations, the final deadlines cannot be because even if there is one sticking point or one sticking issue which is in the mind of even one of the partners, the trade deal may not meet that deadline." India and the US were initially
This story is from the November 29, 2025 edition of The Business Guardian.
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