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USIBC Urges Swift India-US Trade Deal Conclusion Before Year-End
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News18•25-09-2026, 21:00
USIBC Urges Swift India-US Trade Deal Conclusion Before Year-End
- •The US-India Business Council (USIBC) advocates for the early finalization of the India-US trade deal, emphasizing its importance for economic and strategic partnership certainty.
- •USIBC President Atul Keshap called for a Reciprocal Agreement on Trade by year-end to lower trade barriers and minimize tariffs.
- •The framework for the first phase of the bilateral trade agreement (BTA) was announced in February, but new tariffs and investigations have complicated negotiations.
- •Keshap believes unlocking reciprocal trade will boost manufacturing, open new consumer markets, and position both nations as AI leaders.
- •Commerce Minister Piyush Goyal is set to visit the US for the G20 Trade Ministerial and will discuss trade pact progress with US Trade Representative Jamieson Greer.
Key Questions Answered
The US-India Business Council has urged both governments to conclude a reciprocal agreement on trade before the end of the year to provide greater certainty to their economic partnership.
Uncertainty surrounding the deal stems from recent US tariff changes, including a 10 percent forced labour tariff on India, looming Section 301 investigations into structural excess industrial capacity and subsidies, and the recent passage of the Russia sanctions Act.
Commerce Minister Piyush Goyal is scheduled to attend the G20 Trade Ministerial in Milwaukee, Wisconsin, and hold a bilateral meeting with US Trade Representative Jamieson Greer to discuss the trade pact negotiations.
