U.S. Ambassador to India Sergio Gor said an interim bilateral trade deal is 99% [1] complete and will be signed within weeks [2].

This agreement aims to strengthen economic partnerships between the two nations, specifically targeting high-growth sectors such as artificial intelligence, critical minerals, and pharmaceuticals [3].

Gor said that he discussed bilateral issues with Prime Minister Narendra Modi to advance the partnership [4]. The progress follows a series of diplomatic exchanges intended to align the interests of New Delhi and Washington.

According to reports, a U.S. negotiating team is scheduled to visit India from June 1 to 4, 2024 [1]. This visit is intended to finalize the remaining details of the agreement.

Earlier diplomatic activity included an Indian delegation that traveled to the U.S. in April 2024 [5] to discuss the framework of the trade deal. A U.S. spokesperson said the government looks forward to hosting Indian delegations to discuss the bilateral trade deal agreed to in February [2].

"India-US trade deal is 99% done and will be signed within weeks," Gor said [2].

The deal represents a strategic effort to integrate the supply chains of the two countries — a move that could reduce reliance on other global markets for critical technology and medicine.

“"India-US trade deal is 99% done and will be signed within weeks."”

The completion of this interim trade deal signals a shift toward deeper strategic economic integration between the U.S. and India. By focusing on critical minerals and AI, both nations are attempting to secure essential technology supply chains and foster innovation in sectors that are vital for national security and economic competitiveness.