India-US trade deal nears completion, opening a new phase in bilateral ties: Jaishankar

Jaishankar, who was in the US for a critical minerals ministerial meeting and held talks with treasury secretary Scott Bessent and secretary of state Marco Rubio and discussed trade and economic cooperation, said the matter is being handled by commerce minister Piyush Goyal and that he didn’t have details regarding the timeframe for the trade deal.

“Concluded a productive and positive visit to the US…The historic India-US trade deal is in the final stages of detailing that will be completed very soon. It opens up a new phase in our bilateral ties, with vast possibilities for the relationship,” Jaishankar said in a social media post.

“Our critical mineral cooperation is also advancing rapidly. Expect engagement on strategic issues, defence and energy in the coming days. Overall, a strong momentum is evident,” he said, pointing to a thaw in bilateral relations after months of unprecedented strain related to trade-related issues.