With an aim to expand trade and investment, Minister of State for Commerce and Industry Jitin Prasada has said that India is actively involved in the discussions with the US on the proposed bilateral trade agreement (BTA). Prasada said India-US bilateral trade agreement negotiations were launched in March 2025. He said five rounds of negotiations have been held, the last being from July 14-18th, 2025, at Washington. The US team is visiting India from August 25 to hold the next round of trade talks.
Further, he stated ‘To safeguard the interests of farmers and the domestic industry, international trade negotiations allow for the inclusion of sensitive, negative, or exclusion lists -- categories of goods on which limited or no tariff concessions are granted.’ In addition, in case of surge in imports and injury to the domestic industry, a country is allowed to take recourse to trade remedial measures such as anti-dumping and safeguards on imports.
During 2021-25, the US was India's largest trading partner. The US accounts for about 18 per cent of India's total goods exports, 6.22 per cent in imports, and 10.73 per cent in bilateral trade. With America, India had a trade surplus (the difference between imports and exports) of $35.32 billion in goods in 2023-24. It was $41 billion in 2024-25 and $27.7 billion in 2022-23. In 2024-25, bilateral trade between India and the US reached $186 billion. India exported $86.5 billion in goods while importing $45.3 billion.
Besides, he said the US did not accept India's request for consultations under an agreement of the World Trade Organisation (WTO) concerning American tariffs on steel, aluminium, and related derivative products. Moreover, he said the US has maintained that these measures were introduced on the grounds of national security. India, however, considers these measures to be safeguard actions that should have been notified and subjected to consultations under the WTO's Agreement on Safeguards (AoS). He said India has accordingly reserved its right to suspend substantially equivalent concessions (right to impose equal trade measures in response) due to the US's non-compliance with its obligations under the AoS.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: