During the US-India trade deal nearing finalization, an IMF gathering in Bangkok became the backdrop for a diplomatic push. Finance Minister Nirmala Sitharaman addressed the assembly, framing the India‑US Bilateral Investment Treaty Agreement (BITA) as a keystone for global trade resilience. She underscored that the pact would fortify India’s economic resilience.
The first phase of the India‑US trade pact was finalized, a milestone that signals the agreement’s imminent conclusion. Piyush Goyal and Sergiy Gor, the U.S. ambassador to India, also commented on the progress, noting the deal’s development.
China's trade barriers biggest hurdle in bilateral ties, says Nirmala Sitharaman; flags $100 billion trade gap https://t.co/c87Yw3vBip
Sitharaman pointed out China’s market access barriers, describing them as non‑tariff restrictions. She also emphasized the need for greater cooperation within BRICS.
Her statement, ‘We are fully aware of our responsibility towards the use of public funds,’ reinforced that the pact must be executed with proper responsibility.
‘I hope, in the interest of global trade and in the interest of trade between the two partners, India and US, the trade agreement gets concluded at the earliest,’ Sitharaman said. Her statement, ‘We are fully aware of our responsibility towards the use of public funds,’ reinforced that the pact must be executed with proper responsibility.
STORY | India-US trade pact would be concluded at earliest, in interest of global trade: FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Friday expressed hope that the India-US trade agreement would be concluded at the earliest, in the interest of global trade and bilateral economic ties between the two countries. READ: https://t.co/9klGwvqK49 (PTI File Photo)
With the deal nearing finalization, the next steps involve discussions on the agreement.
The India‑US trade pact arrives at a time when Sitharaman discusses the deal at an IMF event in Bangkok.
FM Nirmala Sitharaman In Bangkok: Hope India-U.S. Trade Deal Is Concluded At Earliest #NirmalaSitharaman #USIndiaTrade #IndiaUSRelations #TradeDeal #GlobalTrade https://t.co/TcHzSwRCqg
The agreement sits on the brink of finalization. The conversation that began in Bangkok, punctuated by Sitharaman’s calls for speed and her critique of China’s market practices, continues to move forward.
