The discussions,
held in New Delhi, centred on accelerating the momentum of ongoing bilateral
trade negotiations and identifying new strategic avenues to deepen the India-US
economic partnership.
The morning session
focused on a comprehensive review of the current trade roadmap. Both
delegations engaged in what Minister Goyal described as “constructive and
forward-looking” deliberations aimed at resolving outstanding trade issues and
streamlining market access. In a post on X, Goyal said, “Concluded a series of meetings with
@USTradeRep Ambassador Jamieson Greer and his delegation this morning. We
reviewed progress of the ongoing India-U.S. trade discussions and explored
avenues to further deepen our economic partnership. I appreciate Ambassador
Greer’s leadership and the sustained efforts of both teams in advancing our
discussions in a constructive and forward-looking manner.” Both leaders conducted a
comprehensive review of core BTA elements, including enhanced market access,
digital trade, supply chain resilience, reduction of non-tariff barriers, and
expanded cooperation in strategic sectors, as per a statement by the Ministry
of Commerce on Wednesday. “Recognising
the growing significance of the India-U.S. economic partnership amid evolving
global trade dynamics, both sides reiterated their shared goal of expanding
bilateral trade, fostering innovation, and building resilient, trusted supply
chains,” the release
added.
As per the data by
USTR, US goods trade with India totalled an estimated USD 149.4 billion in
2025, while the exports to India stood at USD 45.6 billion, up 9.8 per cent
(USD 4.1 billion) from 2024.”
Furthermore, US
goods imports from India rose to USD 103.8 billion in 2025, up 18.9 per cent
(USD 16.5 billion) from 2024, while the U.S. goods trade deficit with India widened
27.1 per cent to USD 58.2 billion.