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India-US Trade Deal 99% Done, Signing Expected in Weeks, Predicts Sergio Gor
Negotiators are finalizing the last 1% as a U.S. delegation prepares to visit India next week, officials said.
On Friday, U.S. Ambassador to India Sergio Gor said the bilateral trade deal is 99% complete, with Washington expecting a signing in the coming weeks.
U.S. Secretary of State Marco Rubio's substantive four-day visit to New Delhi, which ended May 26, accelerated negotiations and sought to strengthen the strategic alliance between both nations.
Bilateral trade in goods and services has skyrocketed from $20 billion to over $220 billion over the past two decades, reflecting deeper economic integration between the countries.
A U.S. delegation led by Trade Representative Jamieson Greer will visit India from June 1-4 to finalize remaining clauses, continuing discussions held in Washington in April.
The TRUST initiative is deepening cooperation in critical technologies like artificial intelligence and semiconductors, positioning both nations to shape the global balance of power.