India-US Trade Deal Nears Completion as Both Sides Resolve Key Issues
US Ambassador to India Sergio Gor stated that discussions for a bilateral trade agreement were progressing at an "incredible pace," and the "major items are completed," emphasizing his belief that both parties will successfully finalize the deal.
In an interactive session at the Bloomberg New Economy Forum, Gor similarly supported External Affairs Minister S Jaishankar's evaluation of the advancement in the suggested India-US trade agreement, stating, "we are very close to finalizing it."
In response to inquiries about the negotiation progress, Gor stated, "I prefer not to go into too many specifics right now, and I'll leave that for the ministers to reveal." "However, in the broader context, significant tasks have been completed." "We're currently involved..." In less than three weeks after getting here, we revealed a trade agreement. The trade agreement of the European Union took nearly two decades. "We're moving at an astonishing speed, and I believe we will accomplish it," Gor stated.
The India-EU Free Trade Agreement (FTA) was effectively finalized in January after almost 20 years of discussions.
"We have been engaged in this for a year and a half." "We are moving at an extraordinary speed, almost unprecedented, so I believe we will complete the deal," Gor stated.
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India has asserted that both parties continue to be involved in pursuing a mutually advantageous bilateral trade deal.
The two parties keep working to resolve differences on the suggested agreement, with negotiations moving toward a "landing point," Jaishankar mentioned in a prior session at the Forum, emphasizing that the fundamental aspects of the bilateral strategic partnership have not altered.
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Gor stated, "We're making progress." I am optimistic that we will secure a trade agreement here, as you heard Dr. Jaishankar mention on this platform, and we are nearing its finalization. He was questioned regarding the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, and whether there might be any possibility for sanctions relief or exemptions concerning it for India.
"That's a call for the president," Gor stated, noting that the law grants that power to the US president.
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He has not yet placed sanctions on any country. The legislation was approved recently, and "he needs to reach a decision in the next 10 days, and I am confident we will witness a statement from the White House shortly," Gor remarked.