We hope to sign first phase of bilateral pact with US by Oct: FM Sitharaman

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We hope to sign first phase of bilateral pact with US by Oct: FM Sitharaman - Business Standard

Quick Summary:

Earlier this year, US President Donald Trump and Prime Minister Narendra Modi agreed to launch talks for a bilateral trade deal amid the lurking fear of reciprocal tariff being imposed by Washington.

Finance Minister Nirmala Sitharaman on Sunday said India is "actively engaging" with the new US administration and hopes to conclude the first tranche of the bilateral trade agreement "positively" by fall (September-October) this year.

"We are one of the countries which is actively engaged with the new administration of the United States of America to see how best we can get a bilateral trade agreement done," he said during an interaction with the Indian diaspora here.