New Delhi, April 15 -- April 15 : India and US are working to sign the first tranche of a Bilateral Trade Agreement (BTA) to bring down tariffs before the agreed timeline of the fall of 2025 as the the terms of reference for the pact have already been finalised.

"India and US Bilateral Trade Agreement BTA terms of reference have been finalised when the US team was here. The first tranche negotiations will start virtually on the various chapters within this week, and the talks in the physical mode may start at the end of the month," Additional Secretary, Commerce, Rajesh Agarwal said on Tuesday.

"India has decided to go for a path of trade liberalisation with the US," Commerce Secretary Sunil Barthwal told journalists. He said both Indi...