Bharatiya Janata Party (BJP) MP Pankaj Chaudhary speaks in the Rajya Sabha during the Budget Session, in New Delhi.
| Photo Credit: ANI
India and the U.S. would focus on increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration, Minister of State for Finance Pankaj Chaudhary said on Monday (March 24, 2025).
In a written reply in the Lok Sabha, Mr. Chaudhary said India continues to engage with the U.S. to achieve enhancement and broadening of bilateral trade ties in a mutually beneficial and fair manner.
“Both countries plan to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. Both countries would focus on increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration,” he said.
India and the U.S. are negotiating a bilateral trade agreement with an aim to double trade to $500 billion by 2030.
In line with his “America First” policy, U.S. President Donald Trump has announced reciprocal tariffs from April 2 on numerous trading partners, including India, that impose higher levies on imports from the U.S.
Published – March 24, 2025 04:38 pm IST
