India-US Sign Terms of Reference For First Phase of Bilateral Trade Agreement
In today's episode of India Global, In a move that may very well be the beginning of a new chapter in global trade diplomacy, India and the United States have signed the terms of reference for the first phase of a long-awaited trade agreement. The deal, still in its early stages, aims to boost bilateral trade to $500 billion by 2030. Negotiators will begin virtual talks this month, with a key in-person round scheduled for May. President Trump, once critical of India's trade policies, announced a 90-day pause on new tariff hikes for partners like India-while simultaneously ramping up pressure on China.
