India, US set roadmap for trade negotiations

JD Vance, PM Narendra Modi held talks, on Monday. Pic/X@narendramodi

India and the US have finalised the terms of reference outlining the roadmap for negotiations of the proposed Bilateral Trade Agreement (BTA), according to a statement issued by the US. US Trade Representative (USTR) Jamieson Greer said that these ongoing talks will help achieve balance and reciprocity by opening new markets for American goods and addressing unfair practices that harm US workers.

"India's constructive engagement so far has been welcomed, and I look forward to creating new opportunities for workers, farmers, and entrepreneurs in both countries," he said in a statement. "I am pleased to confirm that USTR and India's Ministry of Commerce and Industry have finalised the Terms of Reference to lay down a roadmap for the negotiations on reciprocal trade," Ambassador Greer said.

He claimed that there is a "serious" lack of reciprocity in the trade relationship with India. India and the US on Monday said that they made "significant progress" in negotiations for a mutually beneficial bilateral trade pact as Prime Minister Narendra Modi and US Vice President JD Vance held wide-ranging talks here. Vance is the first US Vice President to visit India in 12 years after Joe Biden visited New Delhi in 2013. On February 13, the two countries announced that they would negotiate the BTA.

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