US-India trade deal expected 'in not too distant future', says US commerce secretary Lutnick

US Commerce Secretary Howard Lutnick has expressed optimism about the prospects of a trade agreement between the United States and India, indicating that a deal could be finalized "in the not too distant future." This announcement comes amid ongoing discussions aimed at strengthening economic ties between the two nations, which have seen significant growth in bilateral trade over recent years. The potential agreement is expected to address various sectors, including technology, agriculture, and manufacturing, fostering mutual economic benefits. Lutnick's remarks underscore the commitment of both governments to overcome existing trade barriers and enhance cooperation. The discussions have reportedly focused on resolving key issues such as tariffs and market access, which have previously posed challenges to a comprehensive trade pact. A successful deal could pave the way for increased investment opportunities and job creation in both countries, further solidifying their strategic partnership on the global stage. The anticipation surrounding the trade deal reflects the broader geopolitical dynamics at play, as both the US and India seek to counterbalance China's growing influence in the region. With the potential agreement, the two democracies aim to capitalize on shared economic interests and reinforce their alliance. As negotiations progress, stakeholders from various industries remain hopeful that the deal will unlock new avenues for trade and collaboration, contributing to economic growth and stability.

— Authored by Next24 Live