ANI
05 Jun 2026, 01:27 GMT+10
New Delhi [India], June 5 (ANI): India and the United States issued a joint statement on 7th February 2026, agreeing on a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade.
According to the Ministry of Commerce & Industry, the framework reaffirmed the countries' commitment to the broader India-U.S. Bilateral Trade Agreement negotiations. A delegation from the Office of the United States Trade Representative (USTR), led by the Chief Negotiator, visited India from 1-4 June 2026 to advance discussions on the Trade Agreement.
During the visit, the teams held constructive and positive discussions across a wide range of issues covering Trade in Goods, Non-Tariff Measures, Customs and Trade Facilitation, Economic Security Alignment and other areas of mutual interest.
The engagements were marked by a spirit of cooperation and pragmatism, with both sides reaffirming their commitment to concluding a mutually beneficial agreement that strengthens bilateral trade and economic ties.
Meanwhile, Ambassador Sergio Gor held discussions with Anand Mahindra on investments by the Mahindra Group in the United States.
He underlined that the talks featured areas such as generating jobs and building resilient supply chains.
In a post on X, Gor said, 'Very much enjoyed visiting with @anandmahindra, the chairman of @MahindraRise, learning about their investments in the United States that are strengthening American manufacturing, generating jobs, and building resilient supply chains.'
Earlier in Mumbai, Gor said that the partnership between India and the United States is 'the most consequential global partnership of the century' and noted that what the two nations accomplish together will shape the future.
The US Ambassador said that in addition to government-to-government engagement, the US private sector has made significant commitments in India.
'That is the win-win situation that we identify. Amazon plans to invest US$ 35 billion into India by 2030 to advance AI-driven digitalisation. Microsoft has announced a US$17.5 billion investment. Google announced a US$15 billion AI hub in India,' he said.
'Just last week we officially signed the Critical Minerals Framework with India. It is a massive milestone which will help ensure the foundational elements required for advanced technology and energy are available within trusted networks. Together, we will take efforts to protect supply chains from coercive market practices and reduce collective vulnerability to single-source monopolies,' he added. (ANI)
Get a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationNEW YORK CITY, New York: Elon Musk's SpaceX is planning an unprecedented stock market debut, aiming to raise a record US$75 billion...
NEW YORK, New York - Wall Street suffered a dramatic sell-off on Wednesday as a new outbreak of hostilities in the U.S.-Iran conflict...
WASHINGTON, D.C.: U.S. job openings rose unexpectedly in April, reaching their highest level in nearly a year, but economists cautioned...
NEW YORK, New York - Pushing aside global geopolitical and economic upheaval, U.S. stock markets closed higher on Tuesday, with the...
NEW YORK, New York - Major U.S. stock markets closed on a cautious but positive note on Monday, with technology shares powering the...
BEIJING, China: China is stepping up efforts to expand the use of its digital yuan both domestically and internationally, according...
SAN FRANCISCO, California: Microsoft said it expects to have commercially useful quantum computers by 2029 after unveiling a new quantum...
SAN FRANCISCO, California: Artificial intelligence company Anthropic has confidentially filed for a U.S. initial public offering, becoming...
SAN FRANCISCO, California: Microsoft and Nvidia are expected to unveil the first Windows personal computers powered by Nvidia-designed...
SINGAPORE: The United States, the United Kingdom, and Australia are working together to build unmanned underwater vehicles under their...
NEW YORK CITY, New York: Meta's effort to train artificial intelligence systems using detailed records of employee computer activity...
New Delhi [India], June 5 (ANI): India and the United States issued a joint statement on 7th February 2026, agreeing on a framework...
