India-US Trade Deal First Phase Likely by Mid-July

India and the US are nearing the finalization of an interim trade agreement, with the first tranche expected to be executed by mid-July. Commerce and Industry Minister Piyush Goyal stated that negotiations are progressing rapidly to close all outstanding issues. A high-level American delegation is scheduled to visit India later this month.

India and the US are making rapid progress towards resolving the remaining issues in their proposed interim trade arrangement, with both countries expected to implement the first phase of the agreement by the middle of next month, Goyal said.