US-India Trade Accord Nears Finalization as Key Negotiators Confirm Substantive Agreement

Senior trade officials from the United States and India have indicated that a comprehensive bilateral trade agreement is in its final stages of documentation, signaling a significant breakthrough in economic relations between the two strategic partners. U.S. Trade Representative Jamieson Greer confirmed that substantive negotiations have concluded, with core provisions and specific terms already established. This development follows recent statements from Indian Commerce Minister Piyush Goyal, suggesting synchronized progress from both sides. The accord represents a critical milestone in addressing longstanding trade asymmetries and establishing a framework for enhanced market access across key sectors including technology, pharmaceuticals, and agriculture. While procedural formalities remain underway, the mutual acknowledgment of finalized details indicates strong political commitment to conclude negotiations before potential electoral transitions. This agreement is poised to strengthen supply chain resilience, counterbalance regional economic pressures, and solidify the Indo-Pacific economic architecture. Analysts note that successful implementation could elevate annual bilateral trade beyond current projections, creating a formidable counterweight to China's regional trade dominance.