India and US Trade Agreement: Positive Outlook from Commerce Secretary
Commerce Secretary Rajesh Aggarwal has expressed optimism regarding the ongoing trade negotiations between India and the United States. He indicated that there are no significant obstacles to finalizing the trade agreement, with both sides ready to sign when the timing is appropriate. Recent meetings have facilitated continuous dialogue, and the framework for the deal is reportedly in place. Aggarwal emphasized the importance of clarity and stability for exporters and importers, as both governments maintain a positive outlook on the trade relationship. As India releases trade data for June 2026, the focus remains on resolving tariff-related issues and enhancing overall trade growth.
Jul 13, 2026, 16:28 IST
Commerce Secretary's Optimism on Trade Deal
On Monday, Commerce Secretary Rajesh Aggarwal expressed confidence that there are no obstacles for India in finalizing a trade agreement with the United States. He stated that both parties are prepared to sign when the time is right. While sharing insights on trade data for June 2026, Aggarwal noted that there are no challenges in the ongoing discussions regarding the India-US trade deal. He emphasized that negotiations are progressing within a defined framework, with continuous dialogue between the two sides.
Referring to recent meetings, he mentioned that an Indian delegation visited the US in May, followed by an American team visiting India in June. He reiterated that discussions are being conducted under a structured approach.
Regarding the broader trade environment, Aggarwal mentioned that the IEEPA tariffs have been lifted, allowing for renewed negotiations with other countries. He stated, "India is also part of this process. We are engaged in discussions, and everything is moving in the right direction."
Both governments have publicly displayed a positive attitude. The Commerce Secretary remarked, "Both sides are indicating that everything is progressing well, and the most crucial aspect is the status of the deal itself. The framework for the India-US deal is ready, and we are prepared to sign; we are just waiting for the right moment." He emphasized that initial preparations are complete and that things are being organized effectively. Trade flows remain robust, with the Secretary noting that trade is performing well despite global instability, indicating a steady increase in the exchange of goods.
While Aggarwal did not specify a timeline or date, he stressed that there are no significant differences left to resolve. These comments come at a time when India has released trade figures for June 2026 and is negotiating tariff-related issues with Washington and other partners. The government believes that progress on the deal will enhance overall trade growth and provide greater clarity and stability for exporters and importers on both sides.