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India, US Set Roadmap for Trade Pact Talks in March
Hindustan Times Thane
|February 18, 2025
Negotiations to cover manufacturing and farm sectors; focus on fair, equitable terms
NEW DELHI: India and the US are expected to start formal talks of a trade deal next month, following up on issues discussed at a meeting between Prime Minister Narendra Modi and US President Donald Trump last week, officials familiar with the matter said, asking not to be named.
The roadmap for the formal negotiations has already been given by the two leaders on February 13 with the joint statement issued by the two sides mentioning a target of $500 billion for bilateral trade by 2030, the officials added.
Negotiations will start after new US commerce secretary and the United States Trade Representative (USTR) assume office, they said.
The officials said that the aim will be to conclude a multi-sector Bilateral Trade Agreement (BTA) in eight to nine months.
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