New Delhi, March 28 -- In a bid to further bolster India-US ties, both nations are holding "very active" and "intense" discussions on trade, External Affairs Minister S Jaishankar said, adding that there is a strong "business case" for a bilateral trade agreement (BTA) between the two countries.

Following talks between Prime Minister Narendra Modi and President Donald Trump in Washington, DC last month, the two sides announced to negotiate the first tranche of the BTA by the fall of 2025. In an interactive session hosted by Asia Society, Jaishankar said "There's a very active and intense trade discussion going on at this point of time".

"On trade, we had a very open discussion and it is the result of the decision by PM (Narendra) Modi a...