WASHINGTON – Today, U.S. Trade Representative Jamieson Greer welcomed Vice President Vance and Prime Minister Modi’s statement reaffirming the importance of the India-U.S. COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce & Technology) initiative and highlighting the progress in the negotiations for a Bilateral Trade Agreement (BTA), launched by President Trump and Prime Minister Modi in Washington on February 13, 2025.
“I am pleased to confirm that USTR and India’s Ministry of Commerce and Industry have finalized the Terms of Reference to lay down a roadmap for the negotiations on reciprocal trade,” said Ambassador Greer. “There is a serious lack of reciprocity in the trade relationship with India. These ongoing talks will help achieve balance and reciprocity by opening new markets for American goods and addressing unfair practices that harm American workers. India’s constructive engagement so far has been welcomed and I look forward to creating new opportunities for workers, farmers, and entrepreneurs in both countries.”
To read the USTR Fact Sheet on trade negotiations with India, please click here.
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