NEW DELHI, May 21: The interim trade agreement between India and the United States is set to be finalised, US Ambassador to India Sergio Gor said, adding that he is confident the trade deal will be concluded in the coming weeks or months, bringing stability and opportunities for both sides.
“Both sides are looking to finalise the details of a Bilateral Trade Agreement (BTA) that will truly unlock the potential of our bilateral relationship by expanding market access, reducing barriers, and creating greater certainty for businesses on both sides of the table,” he said.
It has been a year and a half since the two sides began negotiations. To put the timeline into perspective, Gor noted that the trade deal between India and the European union took nearly 19 years to conclude.
Ambassador Gor said the agreement would strengthen supply chains, catalyse new investment, and drive sustained and inclusive growth, bringing tangible benefits to industries, workers, and economies in both countries.
He also praised Indian firms for investing in the United States, saying he was thrilled to see Indian companies commit more than $20 billion in investments in America during the annual SelectUSA Investment Summit.
“President Trump’s goal is to facilitate bilateral trade in a way that creates lucrative opportunities for American businesses and workers. Our current interim trade agreement is on the table to be finalised, unlocking prosperity for both nations,” he said.
Gor further noted that Indian companies continue to expand in the US, particularly in the pharmaceuticals, manufacturing, and technology sectors. He added that every week, CEOs from American companies visit the US Embassy in New Delhi expressing interest in shifting their operations from other countries to India.
The ambassador also spoke about nuclear energy cooperation, saying that “big things” are expected from India-US collaboration in the nuclear energy sector.
“President Trump’s goal is to facilitate bilateral trade in a way that creates lucrative opportunities for American businesses and workers. Our current interim trade agreement is on the table to be finalised, unlocking prosperity for both nations,” he said.
He further noted that Indian companies continue to expand in the US, particularly in pharmaceuticals, manufacturing, and technology, and pointed out that that every single week, CEOs from the US visit their Embassy in New Delhi saying that they want to move their company from another country to India.
Gor also talked on nuclear energy too and said that big things are coming up for India and the United States in terms of collaboration on Nuclear energy.(UNI)
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