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India and US Signal Progress on Interim Trade Pact

A year after the diplomatic frost deepened, Indian Trade Minister Piyush Goyal and U.S. Trade Representative Jamieson Greer have moved toward an interim trade agreement. The breakthrough follows a high-level meeting between Prime Minister Narendra Modi and President Donald Trump at the G7 summit, signaling a thaw in bilateral relations.

India and US Signal Progress on Interim Trade Pact

Negotiators are aiming to dismantle long-standing trade barriers and boost Indian imports of American goods. While the momentum is palpable, the path to a final signature remains obstructed by an active Section 301 investigation into Indian trade practices. Adding a layer of legal uncertainty, a recent U.S. Supreme Court ruling has introduced unforeseen constraints on the negotiation process.

The administration in New Delhi maintains that the current talks are vital to stabilizing the economic corridor between the two nations. Both sides are balancing the desire for expanded market access against the friction of ongoing regulatory probes and judicial reviews that have historically stalled deeper cooperation.

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