Trade will be on the agenda when Prime Minister Narendra Modi meets US President Donald Trump at next week's G7 summit in France, but an India-US trade agreement is not expected to be finalised during the gathering, a senior US administration official said on Saturday, as reported by Reuters.
Ongoing Negotiations
The official stated that US Trade Representative Jamieson Greer will travel to India in the week following the G7 summit, signalling that negotiations are set to continue and that a trade deal remains under active discussion.
"We know that Prime Minister Modi is quite ambitious about the role he sees for India, the importance of the U.S.-India relationship," the official told reporters. "We think a potential trade deal is part of that."
Summit Discussions
According to the official, trade issues will feature in discussions between Trump and Modi during the summit, but no announcement of a final agreement is expected at the meeting. The comments provide one of the clearest indications yet from Washington that negotiations remain ongoing even as both sides seek to deepen economic ties.
Trump, the official said, would insist on reaching "a very good deal."
"We think a very good deal is possible. I don't think we'll close that deal at the G7," the official added.
About the Author
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
