New Delhi— The proposed interim trade agreement between India and the United States is “99 per cent complete”, with negotiators working to resolve the remaining issues before finalisation, US Ambassador to India Sergio Gor said on Wednesday.
Speaking at the Citi India Conference in Mumbai, Gor expressed confidence that the agreement would be concluded soon, revealing that a US trade delegation led by Assistant US Trade Representative Brendan Lynch is currently in New Delhi for discussions with Indian officials.
“Just this morning, before I flew out here to Mumbai, I met with the trade team that is visiting us right now in New Delhi. Tomorrow, they’re going to be meeting with Minister Goyal. We’re on the last 1 per cent. Ninety-nine per cent of this deal is in place. That last per cent we will figure out sooner than later,” Gor said.
Earlier in the day, the ambassador said on social media that the visiting US delegation was continuing efforts to finalise the interim trade pact, guided by the vision of US President Donald Trump and Prime Minister Narendra Modi to deepen trade and investment ties between the two countries.
Describing India-US relations as “the most consequential global partnership of the century,” Gor said cooperation between New Delhi and Washington would play a defining role in shaping the future global order.
Highlighting the growing economic partnership, he noted that Indian investments in the United States have reached record levels, with recent commitments worth USD 20.5 billion. He also pointed to significant investments by American technology giants such as Amazon, Microsoft and Google in India.
The envoy said the United States considers India a trusted partner across key sectors, including pharmaceuticals, artificial intelligence, semiconductors, critical minerals and advanced manufacturing. He added that both countries have recently signed a critical minerals framework and are expanding cooperation under the TRUST initiative launched by Trump and Modi.
Gor also underscored the strong personal rapport between the two leaders, saying their relationship has provided continuity and momentum to bilateral engagement.
The latest round of negotiations is focused on concluding the first phase of a broader bilateral trade agreement aimed at enhancing market access, boosting investment flows and strengthening supply-chain resilience between the world’s largest and fifth-largest economies.
