India & US nearing a landing point on trade deal: EAM Jaishankar
India and the US are nearing a final agreement on a long-negotiated trade deal, according to External Affairs Minister S Jaishankar. While previous reports suggested a deadlock, officials are now working to resolve remaining differences.
Why it matters
A successful trade deal between the world's two largest democracies would have significant implications for global supply chains and economic policy.
NEW DELHI: India and the US are heading towards a landing point on the trade deal that they have been negotiating for over 18 months, Union external affairs minister S Jaishankar said on Wednesday reviving optimism about the successful conclusion of the ongoing talks soon.Finance minister Nirmala Sitharaman had suggested earlier this month there was a deadlock in the talks, with both sides reaching a point where it would be difficult to concede any further ground. However, Jaishankar said both sides continued to iron out differences. "I think we are waiting on a few things," he said at the Bloomberg New Economy Forum.Jaishankar said India's trade minister, the US Trade Representative (USTR) and other officials are engaged in talks to move forward on the bilateral trade agreement.
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