India-US Trade Talks Progressing Cordially; Deals with Canada, Chile, GCC Also Underway

• India and the US are engaged in trade agreement negotiations, described by Commerce Ministry officials as cordial and positive.
• India is also holding trade discussions with Canada, Chile, Israel, and the Gulf Cooperation Council (GCC) countries.
• Officials stated that India is open to expanding trade but is not rushing to conclude agreements, prioritizing fair trading partners and national interests.
• Discussions with Chile are nearing completion, with an aim to expedite after the Budget process.
• The review of the ASEAN-India Trade in Goods Agreement (AITIGA) is ongoing, and scoping studies with other partners are in progress.

Why It Matters: India is actively pursuing multiple trade agreements, maintaining a cautious yet positive approach to global trade expansion.