‘Fake News Alert’: Sergio Gor dismisses report of India rejecting US quick trade deal offer
The US Ambassador said that both sides had "very constructive meetings and reaffirmed their commitment to finalizing a trade deal."
The US Ambassador said that both sides had "very constructive meetings and reaffirmed their commitment to finalizing a trade deal."
Goyal reiterated that both countries remain committed to concluding a balanced and mutually beneficial trade agreement.
US Ambassador Sergio Gor says the India-US trade agreement is nearing completion, dismisses speculation over strained ties and says President Donald Trump continues to view Prime Minister Narendra Modi as a close friend while backing deeper cooperation across trade, defence and technology.
Goyal said that the agreement was finalised and announced before the US Supreme Court's order striking down President Donald Trump's reciprocal tariffs.
Prime Minister Narendra Modi and US President Donald Trump are expected to discuss a proposed trade agreement, energy cooperation, artificial intelligence and the situation in West Asia during a bilateral meeting on the sidelines of the G7 Summit in France.
The proposed agreement is expected to provide a significant boost to bilateral trade and enhance opportunities for Indian exporters in key sectors.
The US Ambassador to India shared that negotiations between India and the US have been underway for nearly one-and-a-half years.
The broader India-US trade agreement will be signed in a phased manner, and negotiations for the second phase of the pact will continue after the signing of the first tranche of the deal.
The June 1-4 visit is expected to focus heavily on finalizing the contours of an interim trade arrangement while simultaneously advancing broader negotiations on market access, customs cooperation, investment facilitation and economic security alignment between the two strategic partners.
Discussion between Marco Rubio and Ajit Doval focused on defence, security and strategic technology related cooperation including the TRUST initiative.
