India and the US reviewed the progress made in negotiations for an interim bilateral trade agreement during a meeting between Prime Minister Narendra Modi and US President Donald Trump on the sidelines of the G7 summit in France on Wednesday.
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The Ministry of External Affairs announced that US Trade Representative Jameson Greer will visit India for the talks. The Ministry of External Affairs said in a statement that PM Modi and President Trump expressed satisfaction at the significant progress made in negotiations for an interim bilateral trade agreement and directed officials to work towards a balanced, mutually beneficial, and commercially meaningful agreement as soon as possible.
“US Trade Representative, Mr. Jameson Greer, will visit India next week in this regard,” the Ministry of External Affairs said. The issue of trade deal also figured in the talks between PM Modi and US President Donald Trump on Wednesday during the G7 summit. The US President said that both sides are “very close” to finalising a trade deal. “In particular, we had a very good conversation with Prime Minister Modi of India. And we are doing trade deals, we are doing a lot of things, a lot is happening between the US and India,” Trump said.
Trump also praised PM Modi’s role in promoting investment in the US, saying, “The Prime Minister is doing a lot in America. He’s spending a lot of money in America. So we appreciate that work.” Earlier this week, Commerce Secretary Rajesh Aggarwal had informed that the purpose of Greer’s visit was to finalise the framework of the interim bilateral trade agreement. He said, “USTR is arriving on the evening of June 22. On June 23-24, he will be holding talks with our Commerce and Industry Minister. We expect the talks to focus on finalising the framework agreement and the larger BTA (bilateral trade agreement) under discussion between the two sides.”
Greer’s visit comes as India is negotiating with the US on proposed tariff measures under Section 301 proceedings and also working towards finalising a bilateral trade framework agreement with Washington. Agarwal said the proposed trade deal between the two countries will address a wide range of trade-related concerns.
He said, “As far as the trade agreement is concerned, I think it covers all aspects of trade relations between India and the US. So, whenever we finalise and sign this agreement, I hope that we will get clear answers on the ‘301 investigations’.”
In addition to trade, the two leaders reviewed the significant progress made under the India-US COMPACT (Initiative to Promote Opportunities for Military Partnership, Accelerating Commerce and Technology) since their meeting in Washington, D.C., in February 2025. They welcomed the significant progress made in the areas of defense, strategic technologies, energy, and bilateral trade.
The statement emphasized that Prime Minister Modi and President Trump reiterated their commitment to further strengthen the India-US Comprehensive Global Strategic Partnership and advance cooperation in all areas for the mutual benefit of the two countries and their peoples.
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