The United States and India are ‘very, very, close’ to concluding a historic bilateral trade deal as per US Deputy Assistant Secretary of State Bethany Poulos Morrison. This trade deal is likely to open the 1.4 billion-strong Indian market to American goods on reciprocal and mutually beneficial terms.
Addressing an event at the Capitol Hill organised by the Foundation for India and Indian Diaspora Studies (FIIDS) on Tuesday, US Deputy Assistant Secretary of State Bethany Poulos Morrison said Prime Minister Narendra Modi and US President Donald Trump were progressing towards a ‘result-oriented’ relationship.”When we looked at trade in February 2026, we announced the intention to finally conclude the historic trade deal. We are very, very close,” Morrison said.
Bethany Poulos Morrison also stated that the proposed trade deal will open up India’s 1.4 billion-strong market to American goods on terms that are reciprocal and mutually beneficial. “The administration is driving toward the goal of Mission 500-the goal of achieving 500 billion dollars in trade by 2030-with a real sense of urgency,” the official said. Morrison’s remarks came as US Trade Representative (USTR) Jamieson Greer is in India for discussions with Commerce Minister Piyush Goyal on the proposed trade agreement.
Commerce and Industry Minister Goyal and USTR Greer on Tuesday held high-level trade talks in New Delhi aimed at recalibrating the proposed bilateral trade agreement after changes in US tariff policy. Both sides aim to conclude an interim trade pact before July 24, when Washington’s temporary 10 percent tariff on imports from trading partners is due to expire. Greer’s two-day visit comes days after Prime Minister Modi and President Trump held their first meeting in more than a year on the sidelines of the G7 summit in France on June 17, adding a fresh momentum into the trade negotiations that both sides see as critical to boosting economic ties.
‘Very, Very Close’ To Historic Trade Deal With India: Senior US Official
