economy
February 21, 2026
India-US interim trade deal to be operational in April
A three-day meeting to finalize the legal text will begin in the US next week, Indian Commerce Minister Piyush Goel has said
TL;DR
- An interim trade deal between India and the US will be operational in April.
- Officials will meet in the US on February 23 to finalize the legal text for the agreement.
- The deal reduces India's tariff burden to 18% from 50%.
- Trade pacts with the UK and Oman are also likely to be implemented in April.
- The New Zealand pact is expected to be operational in September.
- The White House revised a fact sheet on the trade deal after New Delhi flagged unagreed wordings.
- US President claimed India agreed to stop buying Russian oil, which New Delhi has not acknowledged.
Continue reading
the original article