India, US to focus on increasing market access: MoS Finance

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India, US to focus on increasing market access: MoS Finance

Tuesday, 25 March 2025 | Press Trust of India | New Delhi

India and the US would focus on increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration, Minister of State for Finance Pankaj Chaudhary said on Monday.

In a written reply in the Lok Sabha, Chaudhary said India continues to engage with the US to achieve enhancement and broadening of bilateral trade ties in a mutually beneficial and fair manner.

“Both countries plan to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. Both countries

would focus on increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration,” Pankaj Chaudhary said.

India and the US are negotiating a bilateral trade agreement with an aim to double trade to $500 Billion by 2030.

In line with his “America First” policy, US President Donald Trump has announced reciprocal tariffs from April 2 on numerous trading partners, including India, that impose higher levies on imports from the US.

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