India-US trade talks: Commerce Ministry team in Washington for negotiations - NITI Aayog tips for successful agreement

A dedicated high-level team from India's Commerce and Industry Ministry has arrived in Washington to continue negotiations for a bilateral trade agreement (BTA) with the United States. The discussions are set to begin on Monday morning (US time).

Rajesh Aggarwal, Commerce Ministry's Chief Negotiator and Special Secretary, will join the talks on Wednesday, with an advance team already on ground to manage preliminary agenda and procedural matters. The objective of the discussions is to reduce differences in sectors like agriculture and automobiles, aiming for a win-win pact for both sides.

The Donald Trump administration decided to avoid imposing additional tariffs on several countries, including India, until August 1, providing more time for negotiations. The United States is one of India's largest trading partners, with India being a key destination for American businesses looking to expand globally.

India and the US have agreed to expand bilateral trade to $500 billion by 2030, including through a bilateral trade agreement. Representatives from India's Department of Commerce and the Office of the US Trade Representatives have held talks to clinch a trade agreement.

As the trade talks progress, NITI Aayog suggested that India should pursue a services-oriented trade deal with a special focus on information technology, financial services, professional services, and education. The agreement should include provisions for digital trade and improved visa access for Indian professionals.

According to the source: Mint.