India and the US have agreed on terms of reference for a new bilateral trade agreement, covering around 19 chapters. Topics include tariffs, non-tariff barriers, and customs facilitation. A high-level Indian delegation will visit Washington from April 23 for in-person talks aimed at finalizing a deal within the 90-day tariff suspension announced by the US.

BulletsIn

• India, US agree on 19-chapter trade pact framework.
• Talks cover tariffs, goods, customs, and regulations.
• Indian team to visit Washington from April 23.
• Talks led by Rajesh Agrawal, new commerce secretary.
• Goal: seal interim pact in 90-day tariff pause.
• Both sides seek “win-win” outcome by fall 2025.
• Pact aims to double trade to $500B by 2030.
• US wants duty cuts in EVs, wines, agriculture.
• India eyes relief for textiles, gems, leather, etc.
• US was India’s top trading partner in recent years.