Vice President JD Vance and Indian Prime Minister Narendra Modi announced a roadmap for U.S.-India trade negotiations aimed at finalizing a Bilateral Trade Agreement (BTA) to prevent looming tariffs. The BTA aims to enhance job creation and well-being while fostering closer supply-chain integration. Despite a generally optimistic outlook from officials, the exact state of negotiations with other countries like Japan, South Korea, and Australia remains uncertain, leading to tensions regarding potential tariff rates, particularly for India's 26% rate if talks fail.
The BTA presents an opportunity to negotiate a new and modern trade agreement focused on promoting job creation and citizen well-being in both countries, with the goal of enhancing bilateral trade and supply-chain integration in a balanced and mutually beneficial manner.
Vance and Modi welcomed significant progress in the negotiations for a U.S.-India Bilateral Trade Agreement (BTA) and formally announced the finalization of the Terms of Reference for the negotiations, laying down a roadmap for further discussions about our shared economic priorities.
Collection
[
|
...
]