India and the United States have intensified talks on a bilateral trade agreement and economic ties. India’s Commerce Secretary Rajesh Agrawal met U.S. Deputy Trade Representative Rick Switzer in New Delhi. Officials said discussions aim to reach a mutually beneficial agreement by the end of the year.
Switzer is leading a U.S. delegation for two days of trade talks. India is seeking relief from punitive tariffs imposed by Washington over its Russian oil purchases. The tariffs, doubled by former U.S. President Donald Trump, affect textiles, chemicals, and food exports including shrimp.
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Indian exports to the U.S. fell nearly 9% year-on-year in October to $6.31 billion. Exports were slightly higher than September’s $5.47 billion. The decline highlights the urgency for both sides to resolve trade barriers and strengthen economic cooperation.
The United States is also pressing India to reduce tariffs and non-tariff barriers on American goods. Officials want India to open its market to farm products such as soybean and grain sorghum. U.S. Trade Representative Jamieson Greer said India has been more forward-leaning in recent negotiations.
India and the U.S. hope the talks will boost bilateral trade and resolve longstanding issues. Officials expect progress on tariffs and market access to benefit both economies. Observers say successful negotiations could reshape trade ties and improve economic growth for both nations.