Brief by Shorts91NewsDesk / 08:50am on 15 Feb 2025,Saturday India Global
India and the US aim to finalize a trade deal by fall 2025, focusing on reducing import duties and non-tariff barriers. The agreement targets enhancing bilateral trade, particularly in textiles, leather, and industrial goods. India seeks to boost imports of US oil, gas, and defense products to address trade deficits, while also negotiating lower duties on US products like whiskey and wine. Both nations will work together to increase exports, and India is exploring services and visa arrangements, though these may face domestic challenges in the US.
