Expressing confidence over India-US trade deal, which is likely to be finalised in coming weeks or months, US Ambassador Sergio Gor has said that the US is looking forward to sealing the proposed bilateral trade agreement with India. He said the deal will facilitate expanding market access, reduce barriers, and create greater certainty for businesses. He added that the trade deal will strengthen supply chains and drive sustained inclusive growth besides encouraging new investments.
The ambassador said President Donald Trump's goal is to facilitate bilateral trade in a way that creates lucrative opportunities for American businesses and workers. Referring to finalisation of India's free trade pact with the European Union in January, Gor suggested that it took almost 19 years. However, he said the India-US trade deal could be sealed within one-and-half years of starting the negotiations.
The ambassador said India's expanding manufacturing ecosystem, digital infrastructure, innovation capabilities, and skilled talent pool complement the American leadership in technology, investment, advanced research, and entrepreneurship. He said the shared ambition of the US and India to achieve $500 billion in bilateral trade by 2030 reflects the confidence and connect between the two economies. He noted that over the last two decades, bilateral trade has grown from about $20 billion to over $220 billion in goods and services, an eleven-fold increase that reflects deep trust and strengthened economic integration.
