New Delhi, Feb. 7 -- The United States and India have announced a framework for an Interim Agreement on reciprocal and mutually beneficial trade, marking a significant step toward advancing the broader US-India Bilateral Trade Agreement (BTA) negotiations launched by President Donald J. Trump and Prime Minister Narendra Modi in February 2025, a joint statement released by the White House and Commerce Ministry stated.

The Interim Agreement between the United States and India will represent a historic milestone in our countries' partnership, demonstrating a common commitment to reciprocal and balanced trade based on mutual interests and concrete outcomes, the statement mentioned.

Meanwhile in a separate statement, announcing the eliminati...