Is India Engaging in 'Active Talks' with the US for a Trade Agreement?
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Synopsis
In a significant development, India is currently engaged in active discussions with the US for a bilateral trade agreement. Union Commerce Minister Piyush Goyal highlighted the commitment to enhancing trade relations, alongside ongoing negotiations with the EU and New Zealand. With mutual respect between leaders, this partnership signifies a promising future.
Key Takeaways
- India is in active talks with the US for a bilateral trade agreement.
- Trade negotiations are also ongoing with the European Union.
- India is looking to strengthen ties with New Zealand.
- A trade agreement with Oman is expected soon.
- Positive relations between Trump and Modi can enhance collaboration.
New Delhi, Sep 10 (NationPress) Union Commerce and Industry Minister Piyush Goyal announced on Wednesday that the government is currently involved in discussions with the US regarding a bilateral trade agreement.
This statement followed a positive dialogue between US President Donald Trump and Prime Minister Narendra Modi concerning trade negotiations and the enhancement of bilateral relations.
During his speech at the FICCI Leads Summit, Goyal noted that trade discussions are also in progress with the European Union and New Zealand.
He also indicated that a trade deal with Oman is expected to be finalized shortly.
Earlier in the day, in a noteworthy development aimed at alleviating tensions, President Trump revealed that his administration has resumed trade negotiations with India.
"I am excited to share that India and the United States of America are moving forward with discussions to tackle the trade barriers between our two nations," he posted on Truth Social.
On Tuesday, Trump referred to Modi as a “very good friend” and expressed his eagerness to connect with him in the upcoming weeks.
"I am confident that we will reach a successful conclusion that benefits both our great nations," he added.
In response to Trump’s comments, PM Modi articulated that these discussions will unlock the limitless potential of the India-US partnership.
"India and the US share a close friendship and are natural partners. I believe our trade negotiations will unlock the vast potential of the India-US collaboration. Our teams are dedicated to wrapping up these discussions promptly. I am also excited to converse with President Trump, as we work towards securing a brighter, more prosperous future for our citizens," PM Modi posted on X.
In a White House press briefing last week, Trump praised Modi as a “great Prime Minister” and affirmed: “I'll always be friends with him.”
He described the relationship between the United States and India as unique, assuring that there is nothing to worry about.
Modi responded to Trump’s remarks shortly after, stating that he fully agrees with the President's sentiments and appreciates them.
Point of View
It's vital to recognize the ongoing trade discussions between India and the US as a significant move towards strengthening bilateral relations. The commitment to negotiate trade barriers reflects a mutual desire for economic growth, benefiting both nations. This approach aligns with our national interests and fosters a collaborative global environment.
NationPress
04/11/2025
Frequently Asked Questions
What is the status of trade talks between India and the US?
India is currently engaged in active discussions with the US government for a bilateral trade agreement.
Who is leading the trade negotiations for India?
Union Commerce and Industry Minister Piyush Goyal is overseeing the trade negotiations with the US.
What other trade discussions are happening alongside US negotiations?
India is also in trade talks with the European Union and New Zealand.
When is a trade agreement with Oman expected?
A trade agreement with Oman is anticipated to be finalized soon.
What did President Trump say about PM Modi?
President Trump referred to PM Modi as a 'very good friend' and expressed optimism about their discussions.
