India and US Aim for Three-Phase Trade Deal

• India and the US are negotiating a trade deal divided into three phases, with Commerce Minister Piyush Goyal visiting Washington for talks.
• The first phase aims to grant market access to industrial goods and certain agricultural products, also addressing non-tariff issues.
• The second, more comprehensive phase, is expected later this year, potentially aligning with President Trump's visit for the Quad summit.
• The final phase is anticipated next year, pending US Congressional approval, to seal the comprehensive trade agreement.
• Uncertainty remains over the US administration's stance on this phased approach, as reciprocal tariffs loom.

Source: Times of India