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India and the U.S. near finalizing a major trade deal to boost bilateral trade to $500 billion by 2030, despite tariffs and ongoing negotiations.
India and the U.S. are making steady progress on a comprehensive Bilateral Trade Agreement (BTA) aimed at increasing trade from $191 billion to $500 billion by 2030, with officials saying the deal is the most detailed and WTO-compliant ever.
Despite U.S. tariffs on Indian goods—raised to 50% over continued oil imports from Russia—negotiations continue, and the first phase is nearing completion.
Union Commerce Minister Piyush Goyal emphasized that India will not compromise on farmers, dairy producers, or workers, and the government is preparing for all outcomes while pursuing new export markets like Russia for its fisheries sector.
The initial phase is targeted for completion by fall 2025.
La India y los Estados Unidos están a punto de finalizar un importante acuerdo comercial para impulsar el comercio bilateral a 500 mil millones de dólares para 2030, a pesar de los aranceles y las negociaciones en curso.