India-US Interim Trade Deal 99 Per Cent Finalised : Sergio Gor, US Ambassador

By  News On Air   Jun 03, 2026

United States Ambassador to India Sergio Gor has said that 99 per cent of the proposed India-US interim trade agreement has been finalised and both sides are working to resolve the remaining issues. Speaking at the Citi 2026 India Conference in Mumbai today, Mr Gor expressed confidence that the agreement could be concluded within the next few weeks.

A US trade delegation led by chief negotiator Brendan Lynch is currently in New Delhi for a three-day round of talks with Indian negotiators headed by Commerce Ministry Additional Secretary Darpan Jain. Mr Gor is also scheduled to meet Union Commerce and Industry Minister Piyush Goyal tomorrow.

Describing the India-US relationship as the most consequential partnership of modern times, Mr Gor said cooperation between the two countries would help shape the future of global trade, technology, supply chains and security. He highlighted collaboration under the TRUST initiative launched by Prime Minister Narendra Modi and US President Donald Trump, including cooperation in artificial intelligence, critical minerals, pharmaceuticals and trusted supply chains.

Mr Gor said the proposed agreement would create new opportunities for businesses and workers in both countries. He also pointed to the expansion plans of major American companies in India and noted that more than 40 percent of generic medicines used in the United States are sourced from India.

On recent US tariff measures, Mr Gor clarified that they are part of a broader global trade review process and are not aimed specifically at India. He expressed confidence that the agreement would further strengthen economic ties between the two countries.