India & US Gear Up for Trade Pact Talks Amidst Tariff History

The economic calendars of India and the US will align as high-level trade talks commence in New Delhi on December 10. The core agenda item is the ongoing development of the Bilateral Trade Agreement (BTA), a pact designed to reshape trade relations. Originally planned for a first-tranche conclusion in autumn 2025, the talks have navigated complexities, including past tariff impositions by the US administration. Despite these historical trade policy shifts, there is a strong sense of optimism from the Indian side regarding the progress made. The BTA, initiated earlier this year, aims to significantly elevate bilateral trade from its current levels to ambitious future targets. This round of discussions is expected to address key areas of cooperation and work towards overcoming any remaining hurdles, reinforcing the strategic economic partnership between the two nations.