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NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

India and US Conclude Three-Day Trade Talks

The Indian government announced on Friday that trade talks between Indian and US officials concluded on April 23, with both sides agreeing to stay engaged to sustain the momentum ahead.

The three-day discussions, which took place between the two countries, covered several key areas, including market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment, and digital trade. The Commerce and Industry Ministry said in a statement that these meetings were conducted in a constructive and positive spirit, with meaningful and forward-looking discussions enabling progress on key matters.

The Indian-US trade relationship has made significant progress in recent months. On February 7, India and the US issued a joint statement finalizing a framework for an interim trade agreement regarding reciprocal and mutually beneficial trade. This framework reaffirmed the countries' commitment to the broader India-US Bilateral Trade Agreement negotiations.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The Indian side has visited Washington, D.C. for an in-person round of meetings with their US counterparts to finalize the details of the interim agreement and take forward the negotiations under the broader BTA.

Investor Takeaway

Both countries will maintain engagement to sustain momentum in trade talks.

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