Trade deal talks with US near finishing line: EAM Jaishankar
Indian External Affairs Minister S. Jaishankar stated that trade negotiations with the US are nearing completion. The deal remains contingent on the US finalizing its tariff framework and completing ongoing trade probes.
Why it matters
A successful trade agreement between the world's two largest democracies would significantly impact global supply chains and bilateral economic relations.
NEW DELHI: External affairs minister S Jaishankar Saturday said many of the pending issues in the trade deal with the US were "not so much at our end" and that negotiations are near the "finishing line"."Well, it's certainly our hope, and in many ways anticipation that we are at the last stretch," he said.The comments come a week after a team of US officials came to India to discuss the customs and trade facilitation chapter with India, which is waiting for clarity on what the new tariff framework will be after the US Supreme Court ruled that US President Donald Trump's "reciprocal tariffs" were illegal.
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