India and US Finalize First Phase of Bilateral Trade Agreement

India and the US have completed the first phase of a new trade deal. Officials are now finalizing legal drafts to secure market access and tariff stability.

Editorial Desk

October 15, 2026 One Min Read

POLICY WIRE — New Delhi, India — The initial stage of a comprehensive trade agreement between India and the United States has reached completion, according to government officials. Commerce and Industry Minister Piyush Goyal confirmed on Thursday that the pact has moved into the formal legal drafting phase.

Trade Secretary Rajesh Agrawal noted that discussions with Washington are progressing positively. The administration is currently focused on the technical legal work required to finalize the text, with officials expressing a desire to sign the agreement as soon as possible.

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New Delhi remains committed to the deal provided it yields a clear competitive advantage. The primary objectives for India include obtaining preferential market access and achieving greater stability regarding tariff structures compared to peer nations.

Reporting by Policy-Wire (PW)

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