Time for 'Macro' Trade Deal with India, Says the U.S.

The U.S. has signaled its willingness to enter into wide-ranging trade talks with India, seeking a "macro" trade agreement that would substantially increase bilateral economic relations. The action is part of a strategic push to deepen ties with major global partners. The deal is likely to cover a broad spectrum of trade issues such as tariffs, market access, and regulatory policies.

India is the U.S. priority in its Indo-Pacific strategy, and a strong trade agreement would help deepen economic ties and joint development. Both nations have high hopes for the prospects of such an agreement, which would open doors to greater investment and trade volumes.

Source: Bloomberg, Reuters