Interim Trade Agreement framework to boost India–US partnership: EAM Jaishankar
NEW YORK, NEW YORK - JUNE 30: Dr. Subrahmanyam Jaishankar, Indian Minister of External Affairs attends a Newsweek Exclusive Fireside Chat With Indian Minister Of External Affairs Dr. S. Jaishanka at 1 World Trade Center on June 30, 2025 in New York City. (Photo by Roy Rochlin/Getty Images for Newsweek)
External Affairs Minister S Jaishankar on Saturday said that the framework for an Interim Trade Agreement between India and the United States will help realise a mutually beneficial trade partnership between the two countries.
The remarks came after India and the United States finalised the framework for an interim trade agreement, under which US tariffs on Indian goods have been reduced to 18 per cent.
In a post on X, the External Affairs Minister said the agreement would enhance market access and create greater opportunities for Indian exporters.
“The framework for an Interim Agreement will realise a mutually beneficial India–US trade partnership. It will ensure greater market access and opportunities for our exporters. New vistas have opened up that will further promote ‘Make in India’,” he said.
Prime Minister Narendra Modi also welcomed the development, describing it as “great news” for both nations.
In a post on X, the Prime Minister thanked Donald Trump for his personal commitment to strengthening bilateral ties.
“This framework reflects the growing depth, trust and dynamism of our partnership. It strengthens ‘Make in India’ by opening new opportunities for India’s farmers, entrepreneurs, MSMEs, start-up innovators and fishermen. It will also generate large-scale employment for women and youth,” the Prime Minister said.
He added that India and the United States share a strong commitment to promoting innovation and that the framework will deepen investment and technology partnerships, strengthen resilient and trusted supply chains, and contribute to global growth.
“As India moves forward towards building a Viksit Bharat, we remain committed to global partnerships that are future-oriented, empower our people and contribute to shared prosperity,” he said.
Earlier, Commerce and Industry Minister Piyush Goyal said the interim agreement would help India and the United States further deepen economic cooperation, reflecting their shared commitment to sustainable growth.
He said the framework would open access to a $30 trillion market for Indian exporters, particularly MSMEs, farmers and fishermen, and would create lakhs of new employment opportunities for women and youth.
