- India and the US finalized Terms of Reference for a bilateral trade agreement covering 19 chapters
- High-level Indian delegation will visit Washington next week to begin negotiations
- Rajesh Agrawal to lead talks starting April 23 before becoming India’s commerce secretary in October
- Recent US trade delegation visit set the stage for the next round of discussions
- Talks aim to leverage a 90-day US tariff pause to fast-track negotiations
- First phase of the agreement targeted for completion by fall 2025
- US seeks access for electric vehicles and industrial goods; India wants textile and apparel concessions
- Temporary tariffs were imposed over trade imbalance concerns, now suspended
- Upcoming discussions in Washington crucial for advancing the trade deal
