India, U.S. ironing out differences on trade deal; nearing 'landing point': Jaishankar
External Affairs Minister S. Jaishankar stated that India and the U.S. are nearing a 'landing point' in their ongoing trade negotiations. While specific details remain private, officials from both nations are working to resolve tariff friction and market access issues.
Why it matters
Progress in US-India trade relations is critical for the strategic and economic partnership between the two largest democracies.
India and the U.S. are continuing to engage to iron out differences on the proposed trade deal, and negotiations are heading towards a "landing point," External Affairs Minister S Jaishankar has said, while noting that the core fundamentals of the bilateral strategic partnership remain unchanged.
The External Affairs Minister's comments on the trade negotiations came over a week after Finance Minister Nirmala Sitharaman said the talks on the trade deal have reached a "plateau".
"I think we are waiting on a few things. I wouldn't be comfortable spilling the beans in public," he said at the Bloomberg New Economy Forum on Tuesday evening when asked about the status of the negotiations between the two sides.
Mr. Jaishankar said India's trade minister, the US Trade Representative (USTR) and other officials concerned are engaged in talks to move forward on the bilateral trade pact.
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