India US Trade Deal: The United States of America (United States) and India announced that they have reached a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade (Interim Agreement).
According to the joint statement issued by the two countries, today’s framework reaffirms the countries’ commitment to the broader U.S.-India Bilateral Trade Agreement (BTA) negotiations, launched by President Donald J. Trump and Prime Minister Narendra Modi on February 13, 2025, which will include additional market access commitments and support more resilient supply chains.
The Interim Agreement between the United States and India will represent a historic milestone in our countries’ partnership, demonstrating a common commitment to reciprocal and balanced trade based on mutual interests and concrete outcomes, says the statement.
Prime Minister Narendra Modi thanked Donald Trump for his personal commitment to strengthening ties between the two countries and said the framework reflects the growing depth, trust and dynamism of the India-US partnership.
The Prime Minister noted that the agreement will strengthen ‘Make in India’ by opening new opportunities for farmers, entrepreneurs, MSMEs, start-up innovators and fishermen, while generating large-scale employment for women and youth.
He further said that the framework will deepen investment and technology partnerships, strengthen resilient and trusted supply chains, and contribute to global growth.
Reaffirming India’s vision of building a Viksit Bharat, the Prime Minister stated that India remains committed to future-oriented global partnerships that empower people and promote shared prosperity.
Responding to the X post of Union Minister of Commerce and Industry, Shri Piyush Goyal about aforesaid interim agreement between India and the United States, Shri Modi wrote on X;
“Great news for India and USA!
We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties between our countries.
This framework reflects the growing depth, trust and dynamism of our partnership. It strengthens ‘Make in India’ by opening new opportunities for India’s hardworking farmers, entrepreneurs, MSMEs, StartUp innovators, fishermen and more. It will generate large-scale employment for women and youngsters.
India and the United States share a commitment to promoting innovation and this framework will further deepen investment and technology partnerships between us.
This framework will also strengthen resilient and trusted supply chains and contribute to global growth. As India moves forward towards building a Viksit Bharat, we remain committed to building global partnerships that are future-oriented, empower our people and contribute to shared prosperity.
@POTUS
@realDonaldTrump”
