U.S., India to work toward finalising Interim Agreement with view to concluding BTA: White House fact sheet

The United States and India are embarking on finalizing an Interim Agreement with the aim of concluding a Bilateral Trade Agreement (BTA), as outlined in a recent White House fact sheet. This collaborative effort underscores both nations' commitment to enhancing their economic ties. The negotiations will focus on addressing outstanding issues related to services and investment, labor, and government procurement. This move comes at a time when India is looking to strengthen its trade relationships amidst a changing global economic landscape, while the U.S. is keen on expanding its strategic partnerships in the Indo-Pacific region. The BTA is expected to facilitate smoother trade flows, reduce barriers, and create opportunities for businesses in both countries, ultimately fostering greater economic collaboration. As discussions progress, stakeholders from various sectors are keenly watching the developments, anticipating a positive impact on bilateral trade and investment dynamics.