India-US Trade Talks Advance, But Deal Timeline Remains Uncertain

U.S. Trade Representative Jamieson Greer concluded a two-day visit to New Delhi on Wednesday, during which he held multiple meetings with Commerce Minister Piyush Goyal. The discussions focused on an interim trade agreement and the broader Bilateral Trade Agreement (BTA) between India and the United States.

According to a statement from the Ministry of Commerce, both sides 'noted substantial progress' by their negotiating teams in recent months. However, no new deadlines were announced for either deal. The BTA was initially announced in February 2025 with a target completion by fall of that year. An interim agreement was framed in February 2026, with expectations of finalisation by April-May 2026.

The statement described the visit as 'a key step in ongoing efforts to advance a balanced, mutually beneficial India-U.S. BTA and to finalise an interim deal in line with the joint statement of 7 February 2026.'

Mr. Greer and Mr. Goyal conducted a 'comprehensive review' of core BTA elements, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. Both sides reaffirmed their commitment to an agreement that is 'balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers in both countries.'

However, the absence of a clear timeline has drawn criticism. The Congress party has urged the central government not to rush into signing a trade pact with the U.S., citing the need for thorough scrutiny of terms that could impact domestic industries and farmers.

The India-U.S. economic partnership has grown significantly amid evolving global trade dynamics. Both sides reiterated their shared goal of expanding bilateral trade, fostering innovation, and building resilient, trusted supply chains.