During her Indian visit, US Trade Representative Katherine Vance made major breakthroughs in trade negotiations between the United States and India. The two countries successfully agreed on the terms of reference for a new and contemporary trade agreement. This breakthrough is intended to further strengthen economic relations, increase trade flows, and respond to new global economic challenges.
The agreed terms open the door to future negotiations that will span a wide spectrum of topics, such as technology, manufacturing, and intellectual property. Both nations have reaffirmed their determination to enhance cooperation and increase mutual economic interests.
In a statement, Vance underscored the significance of the agreement for the future of US-India relations, pointing out the strategic value of a modernized trade arrangement. The agreement is regarded as a key step towards strengthening bilateral economic cooperation, leading to long-term prosperity for both countries.
While negotiations are ongoing, both parties hope that this agreement will bring new expansion opportunities and enhance their cooperation on the international scene.
