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US-India Trade Deal Likely In Coming Months, Says Sergio Gor

US-India Trade Deal Likely In Coming Months, Says Sergio Gor

Bharat Express 2 weeks ago

Sergio Gor, Ambassador of the United States of America to the Republic of India, on Thursday expressed strong confidence over the finalisation of a landmark bilateral trade agreement between the United States and India in the 'coming weeks and months'.

Speaking at the Annual Leadership Summit of the American Chamber of Commerce, Gor said, "President Trump's goal is to facilitate bilateral trade in a way that creates lucrative opportunities for American businesses and workers."

Sergio Gor noted that an interim trade agreement was currently on the table and could unlock economic opportunities for both nations.

Highlighting the recent progress in negotiations, Gor said an Indian delegation visited Washington, DC last month to help finalise the trade deal, while a US delegation will likely visit India next month for further discussions. He said the proposed agreement aims to expand market access, reduce trade barriers, and provide greater certainty for businesses in both countries.

"This agreement, if done right, will strengthen supply chains, catalyse new investments, and drive sustained inclusive growth, bringing tangible benefits to industries, workers, and economies," Gor explained.

The Ambassador acknowledged that trade negotiations often take time, pointing out that the India-European Union trade talks took nearly 19 years to conclude.

"Negotiations have been ongoing for a year and a half, but to put it in perspective, the European Union took almost 19 years. We are confident that in the coming weeks and months, this trade deal will be finalised," he said.

Sergio Gor also highlighted that Indian companies committed investments worth over USD 20 billion in the US during the annual Select Investment Summit, reflecting stronger economic ties between the two countries.

According to the Ambassador, the US Embassy in India ranked first globally in facilitating investment commitments into the United States.

Union Commerce and Industry Minister Piyush Goyal said an official US delegation will likely visit India next month as bilateral discussions continue after meetings held in Washington, DC, in April.

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Disclaimer: This content has not been generated, created or edited by Dailyhunt. Publisher: Bharat Express English