New Delhi, November 14, 2026: External Affairs Minister S. Jaishankar has said that India and the United States are close to finalising their long-awaited bilateral trade agreement, with most outstanding issues already resolved.
Speaking at the Hindustan Times Leadership Summit 2026 on Saturday, Jaishankar expressed optimism that both countries could conclude negotiations soon.
India-US Trade Talks Reach Final Stage
Jaishankar said negotiators had made substantial progress and that only a few issues remained unresolved.
He indicated that the remaining challenges were largely linked to changes in the American position rather than India’s negotiating stance.
The minister expressed hope that both sides would reach an agreement soon but did not announce a specific signing date.
India Seeks Balanced Trade Agreement
Jaishankar emphasised that India wants an agreement that benefits both countries while protecting its economic interests.
He said the objective is to secure a balanced trade arrangement that provides India with a competitive advantage over comparable economies.
The minister also highlighted the importance of carefully negotiating tariff arrangements because trade agreements directly affect employment, industries and businesses.
Tariff Negotiations Remain Important
The proposed agreement has involved detailed discussions over tariffs, market access and other trade-related concerns.
Jaishankar explained that trade negotiations require careful examination of individual tariff lines to ensure that domestic industries are not adversely affected.
He indicated that the negotiations had reached their final stage after extensive discussions between both governments.
Trade Deal Could Strengthen Economic Relations
The United States remains one of India’s most important trading partners and export markets.
A bilateral agreement could create new opportunities for Indian exporters, manufacturers and service providers, depending on the final terms.
The deal could also improve market access and strengthen economic cooperation between the two countries.
However, its specific benefits will become clearer once the agreement is finalised and its provisions are announced.
Jaishankar Highlights India’s Trade Strategy
The External Affairs Minister also referred to India’s recent trade agreements with major international partners.
He explained that India has increasingly focused on trade arrangements that complement its economy and support domestic manufacturing.
Jaishankar said improved infrastructure, manufacturing capabilities and greater competitiveness have strengthened India’s position in international trade negotiations.
No Official Signing Date Announced
Although Jaishankar expressed confidence about the progress of negotiations, the proposed agreement has not yet been formally concluded.
Officials from both countries are expected to continue discussions on the remaining issues.
The latest remarks indicate that India and the United States are moving closer to an agreement that could strengthen their economic relationship.
Supreme News Network
