India hopeful of closing bilateral trade pact with the US at the earliest

India hopes to negotiate negotiations on a bilateral trade agreement with the USA as soon as possible and make efforts to close free trade with other countries.

“We will try to negotiate as soon as possible for BTA. We hope that we will be able to agree well with the United States, “he said that until October 2025.

Despite the 90-day growth, in connection with the 90-day growth, the officials said that India has already taken a way to trade with the United States, which will also help to grow India trade.

Virtual discussions on BTA between the two countries will most likely begin this week, when negotiations will be held personally after the second week of May. “We are scheduled for negotiations,” he said.

In FY25, the United States remained the best export location of India for total exports to $ 86.51 billion, for $ 77.52 billion in Fy24.

At the same time, India is also working on trading agreements with a number of other countries, including the European Union and it is possible to deal with the “early harvest” of the intermediate trade agreement with Australia and what is offered with the United States.

“If some of the problems do not trade without trade, they can take more time to negotiate, it can only be focusing on the trade of EU talks only,” they could be with the EU.

India and the European Union will hold the next round of talks for the offered free trade agreement from May 12 to May 16 in New Delhi and aim to complete the deal to 2025.

Import growth.

The Ministry of Commerce also closely monitors the possible growth of imports due to the dropping of the goods related to the US tariffs. At the moment, the growth of imports did not arise, said officials.

Recently, the assessment highlighted the risk of importing India from China, Vietnam and Indonesia due to mutual trade tensions and US expenses rise. There are also concerns that Chinese response operations on US products can further increase the inflow of US agricultural products to India, said officials.

The Ministry of Directing was established by the Ministry of Directing, the General Directorate of the General Directorate of Foreign Trade, the Promotion of the Internal Taxes and the Internal Trade Department. The committee monitors weekly, as well as a monthly import trend, according to goods, as well as countries.