In a statement, the White House said, U.S. President Donald Trump and his counterpart Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks which they hope can lead to the first phase of a bilateral U.S.-India trade deal.
On his visit to India on February 24 and 25, the two countries agreed to a $3 billion sale of military equipment.
“They (Trump and Modi) agreed to promptly conclude the ongoing negotiations, which they hope can become phase one of a comprehensive bilateral trade agreement that reflects the true ambition and full potential of the bilateral commercial relations”, said the White House late on Tuesday without providing any further details on the concluded deal.
Ahead of his visit to India, negotiators from both countries had wrangled for months to narrow down differences on farm goods, medical devices, digital trade as well as new tariffs.
“If the deal happens with India it will be at the end of this year and if it doesn’t happen then we will do something else,” said Trump.