India-US Trade Talks Progressing, No Fixed Deadline: Commerce Ministry

• India and the US are positively progressing on a Bilateral Trade Agreement (BTA), but no deadline has been set for its finalization.
• Commerce and Industry Minister Piyush Goyal and the US Trade Representative held a virtual meeting last month to advance discussions.
• The Ministry is analyzing sectoral data to understand the impact of US tariffs on India’s exports.
• Pharmaceutical exports to the US are robust, and electronic goods exports have grown due to the absence of tariffs, while marine exports face challenges.
• India continues to import oil from the US and West Asian partners; trade with Iran is limited to food and pharmaceuticals, with potential US sanctions being monitored.

Why It Matters: India-US trade talks are advancing positively, but a final agreement timeline remains flexible.