US Ambassador Sergio Gor on Thursday, May 21, expressed confidence regarding the finalisation of a major bilateral trade deal between the United States and India in the “coming weeks and months”.
“President Trump’s goal is to facilitate bilateral trade in a way that creates lucrative opportunities for American businesses and workers,” Ambassador Gor said while speaking at the Annual Leadership Summit of the American Chamber of Commerce (AMCHAM) in New Delhi, IANS reported.
Gor said that the current interim trade agreement was on the table to be finalised and will unlock prosperity for the two sides.
“Last month, an Indian delegation visited Washington, D.C. to help finalise the trade deal. Next month, a US delegation will also focus on the agreement,” he said.
He shared that the US was aiming to complete the details of a new bilateral trade agreement with India, which will expand market access, reduce barriers, and create greater certainty for businesses on both sides.
“This agreement, if done right, will strengthen supply chains, catalyse new investments, and drive sustained inclusive growth, bringing tangible benefits to industries, workers, and economies,” Gor added.
He pointed out that enough time had been spent on sorting out differences, adding that it had taken 19 years for the India-European Union (EU) trade talks to conclude.
“Negotiations have been ongoing for a year and a half, but to put it in perspective, the European Union took almost 19 years. We are confident that in the coming weeks and months, this trade deal will be finalised,” Gor said.
Further, the US Ambassador mentioned the growing bilateral economic relations, with Indian companies committing investments worth more than $20 billion in the United States during the annual Select Investment Summit, reflecting the growing economic partnership between the two nations.
“The US Embassy in India ranked first globally in facilitating investment commitments into the United States,” he said.