United States and India Announce Framework for Historic Interim Trade Agreement
The United States and India are proud to announce a framework for an Interim Trade Agreement, marking a major milestone in strengthening their economic partnership. This framework advances ongoing negotiations toward a comprehensive U.S.-India Bilateral Trade Agreement (BTA) launched by President Donald J. Trump and Prime Minister Narendra Modi on February 13, 2025.
The Interim Agreement reflects both nations’ commitment to reciprocal, balanced, and mutually beneficial trade, deeper market access, and resilient supply chains.
Key Highlights:
Tariff Reductions: India will cut or eliminate tariffs on U.S. industrial, food, and agricultural products.
Reciprocal U.S. Tariffs: The U.S. will adjust tariffs on select Indian goods and remove duties on pharmaceuticals, gems, and aircraft parts under the agreement.
Market Access: Both nations commit to sustained preferential access across key sectors.
Non-Tariff Barriers: India will ease restrictions on U.S. medical devices, ICT goods, and agricultural products.
Technology & Energy: India plans to purchase $500 billion in U.S. energy, aircraft, technology, and metals over five years, boosting trade in high-tech goods.
Digital & Economic Security: The two countries will collaborate on digital trade rules, supply-chain security, and innovation.
This framework underscores a shared vision for a modern, fair, and forward-looking trade partnership—paving the way for a landmark U.S.-India Bilateral Trade Agreement.
