Indian Negotiators Extend US Stay As Trade Talks Gather Pace: Report
India's trade team has extended its stay in Washington to iron out differences as the two sides look to clinch a deal before a July 9 deadline when higher US tariffs are set to kick in, people familiar with the matter said.
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US President Donald Trump recently indicated that a "very big" trade deal with India is likely in the near future
Washington:
Indian trade negotiators have prolonged their visit in Washington to resolve outstanding issues as both nations work to secure a trade agreement before July 9, when higher US tariffs are scheduled to take effect, according to sources familiar with the negotiations.
The face-to-face discussions, originally planned to conclude on June 27, were extended by an additional day, suggesting progress toward an interim trade agreement, said the sources, who requested anonymity due to the confidential nature of the talks.
Last week, US President Donald Trump expressed optimism about an imminent "very big" deal with India, even as both countries maintain firm positions on key issues.
Several critical points remain unresolved, including Washington's insistence that India open its markets to genetically modified crops - a demand that New Delhi has consistently rejected, citing potential risks to its agricultural sector.
For its part, India remains adamant that any agreement must address both sectoral market access and reciprocal tariffs on its exports, as Bloomberg previously reported.
A message sent to India's commerce ministry after business hours did not receive an immediate response.