India-US Bilateral Trade Agreement Expected to Finalize First Phase by End of 2025

Nov 28, 2025 09:58 pm CST

Commerce Secretary Rajesh Agarwal expressed optimism that India and the United States will complete the first portion of their bilateral trade agreement within this calendar year, despite recent tariff challenges. The negotiations are proceeding on dual tracks: a comprehensive Bilateral Trade Agreement and a Framework Trade Deal to address immediate tariff issues, with the ultimate goal of increasing bilateral trade from $191 billion to $500 billion by 2030.