India Trade Secretary Highlights Progress On U.S. And EU Deals, Clarifies Iran Tariff Concerns

India’s trade negotiations remain active on multiple fronts, with the Trade Secretary providing updates on discussions with the United States, European Union, and Iran. While talks with the U.S. continue virtually, the official stressed that no timeline can be fixed, as the deal will only be finalized when both sides are ready. Importantly, discussions have not broken down, signaling constructive engagement.  

On the European Union front, negotiations are nearing completion, with only a few outstanding issues left. Efforts are underway to finalize the agreement before the upcoming leaders’ meeting this month, raising optimism for a breakthrough in India-EU trade relations.  

The Trade Secretary also addressed concerns regarding U.S. tariff orders on Iran, stating that India is awaiting further details. He emphasized that India’s trade with Iran is limited and largely restricted to humanitarian items. Meanwhile, India’s exports to the U.S. remain in positive territory, supported by strong demand for electronic goods and exemptions.  

Key highlights from the announcement include  

• No deadline set for India-U.S. trade deal; discussions continue virtually.  
• Negotiations with the U.S. remain constructive and ongoing.  
• India-EU trade deal described as “very close” with hopes of completion before leaders meet.  
• Awaiting clarity from the U.S. on Iran tariff orders.  
• India’s trade with Iran limited to humanitarian items.  
• Exports to the U.S. remain positive, driven by electronic goods and exemptions.  

These developments underline India’s proactive approach to strengthening global trade partnerships. While the U.S. deal remains open-ended, the EU agreement appears close to conclusion, and clarity on Iran tariffs will further shape India’s external trade strategy.  

Sources: Reuters, Economic Times, Business Standard