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Economy India and the United States may finalize an interim trade agreement within the 90-day tariff suspension announced by the Trump administration, provided the deal offers mutual benefits, a senior government official said on Friday. According to the information, both countries have already settled the Terms of Reference (ToR), setting the stage for formal negotiations. The focus will be on achieving an agreement that delivers a “win-win” outcome for both sides. “There are many low-hanging fruits we can act on,” the official noted. “It’s entirely possible to shape and finalize the Bilateral Trade Agreement (BTA) within 90 days if both parties are aligned.” Target: Doubling Trade by 2030 The upcoming trade agreement marks the beginning of a larger plan. India and the US have committed to completing the first phase of the deal by September–October this year. The long-term goal is to expand bilateral trade to $500 billion by 2030, more than doubling the current trade volume of around $191 billion. Negotiations have already begun, with India reportedly ahead of other countries in progressing toward a comprehensive trade deal. Officials confirmed that discussions will continue through a combination of virtual meetings and in-person visits, maintaining consistent diplomatic engagement between the two nations. This potential trade breakthrough comes at a time when both economies are seeking to deepen their strategic and economic ties amid shifting global dynamics. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/india-aim-for-interim-trade-deal-with-usa-within-90-days/

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Filed under: News - @ April 11, 2025 4:22 pm