India-US trade deal within reach, final 1% remains under discussion: Sergio Gor

India-US trade deal within reach, final 1% remains under discussion: Sergio Gor
India and the US are working to resolve the remaining sticking points in their proposed trade agreement and are hopeful of finalising the pact within the next several weeks, US envoy to India Sergio Gor said on Wednesday.Speaking at Citi's 2026 India Conference, Gor said a US trade delegation is currently in India negotiating the agreement and indicated that only a small portion of the discussions remains unresolved, reported PTI."Once that trade deal is finalised...the interim trade deal was there in place. It is that one per cent that we are trying to get across the finish line. So the leaders can have a signing and put that in stone and in law."And so we are very hopeful that that will get accomplished over the next weeks, several weeks, but it's not going to be years. We are very close to getting that done," Gor said.His remarks come as top negotiators from India and the US began a three-day round of talks in New Delhi on Tuesday to finalise details of the proposed interim trade agreement.The framework for the pact was finalised in February. The US team is led by chief negotiator Brendan Lynch, while India's chief negotiator is Darpan Jain, additional secretary in the Department of Commerce.
Gor also responded to questions related to the Office of the United States Trade Representative's (USTR) Section 301 investigations launched in March covering 60 economies over concerns linked to forced labour and excess industrial capacity.The USTR on June 2 issued its findings in the forced labour investigation and proposed additional tariffs on imports from 60 economies.Gor said the tariffs announced by the US were not aimed specifically at India."These were tariffs that were applied to everybody, from the European Union to Canada to Mexico, to almost every other country in Asia, including Japan, South Korea," he said.The ongoing negotiations are aimed at concluding an interim trade agreement ahead of a broader trade pact being pursued by the two countries.
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